Topic: Certified Public Accountants

Internal Revenue Service gives Ten Tips to Help You Choose a Tax Preparer

January 21, 2013 |

Washington, D.C. – Many people look for help from tax professionals at tax time according to the Internal Revenue Service.

Remember, though, that even if someone else prepares your tax return, you are legally responsible for what’s on it.

So, it’s very important to choose your tax preparer carefully. «Read the rest of this article»

IRS Urges Nearly 7,000 Tennessee Tax Preparers to Take Required Test Now

October 8, 2012 |

Nashville, TN – The Internal Revenue Service today urged 6,964 Tennessee tax return preparers to immediately schedule their competency test or risk difficulty finding a date, time or location as the exam deadline nears next year. For most of these, the appropriate test will be the Registered Tax Return Preparer (RTRP) competency test.

Nationwide, more than 310,000 tax return preparers still need to pass the test before December 31st, 2013. «Read the rest of this article»

Congratulations to Michelle Holland for passing the CPA Exam

December 21, 2011 |

Clarksville, TN – Stone, Rudolph & Henry, PLC (SRH) is pleased to announce that Michelle Holland, senior accountant, has passed all four parts of the CPA exam to obtain the designation Certified Public Accountant.

Michelle Holland

«Read the rest of this article»

IRS Identifies 100,000 Preparers Who Failed to Follow New PTIN Rules

July 17, 2011 |

Washington, D.C. – As part of its new oversight program of the nation’s tax return preparation industry, the Internal Revenue Service today announced it will send letters to approximately 100,000 tax return preparers who prepared returns in 2011 but failed to follow new requirements.
 
In 2010, the IRS launched an initiative to increase its oversight of the tax return preparation industry and regulate the conduct of tax return preparers. All paid tax return preparers must obtain a Preparer Tax Identification Number (PTIN) and, when required to do so, sign their names and include their PTINs on the returns and refund claims they prepare for compensation. «Read the rest of this article»

IRS Announces New Return Preparer Application System and User Fee

August 23, 2010 |

IRS Also Releases Proposed Regulations to Amend Circular 230 Rules

Washington, D.C. — The Internal Revenue Service today announced that a new online application system for compensated tax return preparers is expected to go live in mid-September. The IRS has proposed to require all individuals who receive compensation for preparing all or substantially all of a federal tax return or claim for refund after December 31st, 2010, to have a Preparer Tax Identification Number (PTIN).

Under the proposed regulations, compensated tax return preparers will need to obtain, or reapply for, a PTIN and pay a user fee using this new comprehensive system, which is part of a series of steps planned to increase oversight of federal tax return preparation. Tax return preparers will be creating PTIN accounts with the IRS when they use the new system.

“This is an important first step because it lays the groundwork in our efforts to ensure the quality and integrity of professional tax return preparation, which most taxpayers rely on in one form or another,” said IRS Commissioner Doug Shulman. «Read the rest of this article»

IRS proposes tightening requirements for tax return preparers

January 6, 2010 |

Higher Standards to Boost Protections and Service for Taxpayers, Increase Confidence in System, Yield Greater Compliance with Tax Laws

WASHINGTON – The Internal Revenue Service kicked off the 2010 tax filing season today by issuing the results of a landmark six-month study that proposes new registration, testing and continuing education of tax return preparers. With more than 80 percent of American households using a tax preparer or tax software to help them prepare and file their taxes, higher standards for the tax preparer community will significantly enhance protections and service for taxpayers, increase confidence in the tax system and result in greater compliance with tax laws over the long term.

To bring immediate help to taxpayers this filing season, the IRS also announced a sweeping new effort to reach tax return preparers with enforcement and education. As part of the outreach effort, the IRS is providing tips to taxpayers to ensure they are working with a reputable tax return preparer. «Read the rest of this article»

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