by Rupinder | Jul 1, 2016 | Uncategorized
It’s difficult to claim you prepare a better tax return than someone down the street. However, you can claim an area of expertise your competition doesn’t have. A Narrow Focus Will Help You Spur Growth As a small business owner, the concept of saying “no” to a...
by Rupinder | Jun 29, 2016 | Uncategorized
Most tax professionals know by now that under The Protecting Americans from Tax Hikes (PATH) Act of 2015, the rules for eligibility as Qualified Leasehold Improvements (QLI), Qualified Restaurant Property, and Qualified Retail Property with a 15 year recovery period...
by Rupinder | Jun 29, 2016 | Uncategorized
NSA Member Shirley Buchanan, ATP, RTRP, is representing NSA and participating in the Earned Income Tax Credit (EITC) Summit today and tomorrow hosted by IRS Commissioner Koskinen. The objective is to have a discussion among informed people about three main topics...
by Rupinder | Jun 28, 2016 | Uncategorized
NSA Executive Vice President and Member of the IRS Advisory Council, John Ams participated in today’s IRS Security Summit to review 2016 accomplishments and announce initiatives for 2017. Fewer people became victims of tax-related identity theft during the 2016 filing...
by Rupinder | Jun 21, 2016 | Uncategorized
The now ex-wife of my good “friend” (me) tried to give him (me) the boot from their house on April 9th about ten years ago. I’m pretty certain you suspect there was motive to the timing – tax season of course. People try to do all sorts of bad things to us during...
by Rupinder | Jun 20, 2016 | Uncategorized
24 Tips for Passing the EA Exam the First Time – Part Two: When Exam Day Arrives To read Part One: Before the Exam, click here. 13. It is All Relative, So Go Ahead and Anoint Yourself Master of the Universe. We all have feelings of anxiety and inadequacy as a big day...
by Rupinder | Jun 20, 2016 | Uncategorized
A complicated tax code is hurting the U.S. economy, according to a Tax Foundation report. Americans will spend more than 8.9 billion hours filing taxes in 2016—an “eye-popping amount of time” that costs the economy $409 billion in lost productivity,...
by Rupinder | Jun 17, 2016 | Uncategorized
The Internal Revenue Service has issued a consumer alert about possible fake charity scams emerging due to last weekend’s mass-shooting in Orlando, Fla., and encourages taxpayers to seek out recognized charitable groups. When making donations to assist victims of last...
by Rupinder | Jun 16, 2016 | Uncategorized
The Internal Revenue Service just announced that the publicly available data on electronically filed Forms 990 will now be available for the first time in a machine-readable format through Amazon Web Services (AWS). The publicly available data does not include donor...
by Rupinder | Jun 14, 2016 | Uncategorized
Studying for and passing the exam can be a daunting task, but it need not be an impossible one. Approach it in an organized and focused manner. Introduction An enrolled agent is an individual who is licensed to represent taxpayers before all administrative levels of...
