…https://youtu.be/jaFf4a7OEB0 Tip #3 – ENG: https://youtu.be/WCwXOYoUZMk ESP: https://youtu.be/IK6eunaHoIY Tip #4 – ENG: https://youtu.be/WHt9HWin8PQ ESP: https://youtu.be/wQcMXqGDVIU Tip #5 – ENG: https://youtu.be/WZlkpN8Xgq4 ESP: https://youtu.be/abMAyTI5zYg Tip #6 – ENG: https://youtu.be/QeOJJjH9F-E ESP: https://youtu.be/HopAK5rsYoo   The IRS continues to create outreach materials to address people’s questions about coronavirus-related tax relief and Economic Impact Payments. The IRS is also working to deliver Economic Impact Payments as quickly as possible to all eligible Americans. More than 150 million payments will be sent out, and millions of people…

…the site does not recognize your free “Pro” status, contact Verifyle via email at support@verifyle.com. Members must register (create an account) on the Tax Talk Today website, and use the promo code found on the Tax Talk Today member benefit page. All issues accessing content should be directed to Tax Talk Today staff at accounts@taxtalktoday.com. Members must register (create an account) on the Tax Talk Today website, and use the promo code found on the Tax Talk Today member benefit…

…we will ask for permission to access your device’s camera. If you grant permission, you may be able to take pictures or video within the app experience or to access certain augmented reality (“AR”) features or similar interactive features. Some of these features may rely on camera systems to track movements of your eyes and other facial features or your immediate surroundings to apply AR effects, filters, or other features. Information gathered from some facial scanning technology (e.g. TrueDepth API),…

…return preparation profession. Additionally, the proposal would help protect low income, non-English speaking and elderly taxpayers from the unscrupulous and the incompetent. Not only will licensing tax return preparers help close the tax gap, it will help protect sensitive taxpayer information from unscrupulous or careless unlicensed preparers (https://www.kjrh.com/news/local-news/customers-react-to-tax-documents-with-personalinformation-was-found-in-dumpster). Being able to rescind PTINs, subject to review and appeal, is an effective way of policing bad behavior, since the IRS rarely enforces penalties or brings criminal actions against perennial bad actors…

…attendees were invited to participate in a virtual social hour to celebrate with the board of directors and new graduates. To learn more about NAEA leadership, visit https://naea.org/about-naea/governance/. To learn more about the National Tax Practice Institute, visit https://naea.org/careers-learning/ntpi/. About the National Association of Enrolled Agents The National Association of Enrolled Agents (NAEA) has been powering enrolled agents, America’s tax experts® for nearly 50 years and is the only professional association dedicated to EAs. NAEA is a non-profit membership organization…

…to address the tax gap? Was it to put all paid preparers under higher standards? While we don’t know Congress’ goal with §8246, we do know that this provision continues a recent trend in increasing, sometimes radically, the penalty regime. Is it reasonable to increase penalty amounts by as much as 500%? At first blush, our answer is no. Our concern is not that such steep penalties could become a powerful tool for IRS to penalize preparers acting egregiously. Disciplining…

…to address the tax gap? Was it to put all paid preparers under higher standards? While we don’t know Congress’ goal with §8246, we do know that this provision continues a recent trend in increasing, sometimes radically, the penalty regime. Is it reasonable to increase penalty amounts by as much as 500%? At first blush, our answer is no. Our concern is not that such steep penalties could become a powerful tool for IRS to penalize preparers acting egregiously. Disciplining…