Free Internal Revenue Service Webinar

 Office of Professional Responsibility & Circular 230:  Overview, Procedures and Priorities July 21, 2010 This FREE webinar is for: Current Circular 230 tax professionals Paid tax return preparers IRS employees who work with tax professionals Small businesses Clients of tax professionals Learn about: Current and future jurisdiction Complaint process Alternative disciplinary notices Possible sanctions OPR … Continue reading

“If I were in charge…I would…”

Have you ever had one of those moments where you just don’t understand why things are done a certain way and you jokingly say, “IF I were in charge… I would…” Well, maybe it’s time to stop joking and instead of asking “if”, start asking “when” – and really ask ourselves that question. As a … Continue reading

What does retirement look like to you?

My wife and I have been thinking more and more about what retirement means to us in terms of how long we want to keep doing what we do and what will come next in our lives when either of us stop working on a full time basis.   We feel fortunate that we are both … Continue reading

Congress Passes Financial Regulations Bill

On Thursday afternoon, July 15, the Senate passed the Dodd-Frank Act (the new name of the “Wall Street Reform and Consumer Financial Protection Act”) on a vote of 60-39.  On June 30, the House of Representatives passed the bill by a vote of 237-192, so now both chambers have passed the same bill that came out … Continue reading

Colorado Department of Revenue Update on Computer Conversion and More

On June 14, CSCPA CEO Mary Medley met with Richard Giardini, Taxpayer Service Division Director with the Colorado Department of Revenue, to discuss the following, ongoing issues Colorado CPAs and their clients are experiencing in the processing of individual tax returns. Many of these issues are related to the Department’s conversion in fall, 2009, to … Continue reading

Have You Renewed Your License?

Have you renewed your license through the Colorado State Board of Accountancy yet?  The license renewal deadline was May 31, 2010,  so to renew your certificate, log on to the State Board of Accountancy Web site.  On the home page, find the boxed paragraph “If you have a Certified Public Accountant license or a Public … Continue reading

Emergency Rules Adopted/Whoa on Mobility

On July 1, 2010 the Colorado State Board of Accountancy adopted emergency rules to implement the new experience requirement as passed by the Colorado General Assembly and signed by Gov. Bill Ritter, April 21. The emergency rules will be in effect for 120 days – through October 29, 2010. The State Board will hold a … Continue reading

Order Selected CCH Titles in July for 40% Off!!

Through our partnership with CCH, our members have the opportunity to purchase the following selected titles in JULY at 40% discount: •    Practical Guide to Partnerships and LLCs, Fourth Edition •    1065 Express Answers, 2010 •    1065 Preparation and Planning Guide, 2010 •    Federal and State Taxation of Limited Liability Companies, 2010 •    Multistate Tax … Continue reading

Attention Tax Professionals – CDOR Addressing Tax Protest Backlog

The following alert was released by the Colorado Department of Revenue. The Colorado Department of Revenue currently has a significant backlog of income tax protests. We are diligently addressing these and will work to clear the backlog as the year progresses. We appreciate your patience. We do send a letter to the taxpayer acknowledging receipt … Continue reading