Tax Return Preparers Must Use IRS e-file Beginning Jan. 1, 2011

A new law requires many paid tax return preparers to electronically file federal income tax returns prepared and filed for individuals, trusts, and estates starting Jan. 1, 2011. The e-file requirement will be phased in over two years. As a result of the new rules, preparers will be required to start using IRS e-file beginning: … Continue reading

PTIN Registration Requirement for All Return Preparers

The IRS recently launched a new online application system to obtain a Preparer Tax Identification Number (PTIN). All paid tax return preparers who prepare all or substantially all of a tax return are required to use the new registration system to obtain a PTIN. Individuals who obtained a PTIN prior to Sept. 28, 2010, need … Continue reading

Income Tax Filing Deadline Changed for 2011

According to the Colorado Department of Revenue the filing date for income tax returns due in 2011 will be Monday, April 18, 2011 rather than Friday, April 15, 2011. District of Columbia Emancipation Day is a legal holiday for federal tax purposes, and it will be celebrated on April 15 this year. The IRS will … Continue reading

Sell Your Services – Without Selling

By Rick Solomon Your intention can make it difficult – or easy to win business. When given the opportunity to get in front of a prospective client, the unfortunate inclination of most accountants is to try to impress the client about how great their firm is, and make every effort to convince them to engage. … Continue reading

Just Released: White paper on Dodd-Frank’s Impact on CPAs

The AICPA’s newest white paper, Dodd-Frank Wall Street Reform and Consumer Protection Act: A Primer for CPAs, is available to AICPA members and provides a comprehensive analysis of the many provisions of critical importance to CPAs. Learn more about the key points of the Act and what they mean for CPAs and their clients or … Continue reading