Advocacy

…to reverse them within 60 days. If the taxpayer does not contest within the 60-day period, the taxpayer forfeits their right to challenge, and the IRS can move forward with its normal collection process. Each year, millions of Americans are negatively affected by this process. The notices are often found to be confusing and vague as they do not explain what error the IRS has corrected or how a taxpayer can contest the adjustment. Legislation: NAEA supports bipartisan legislation, the…

Private: Wolters Kluwer

…well-informed and prepared to address the tax challenges unique to your individual client’s needs. Here is a glimpse of the benefits now available to you: Get detailed, up to date state and local level information related to COVID-19. Search for answers to your tax questions by topic, document, type, or relevance. Use CCH® Mobile to access CCH® IntelliConnect® research, news, and information directly from your mobile device. Designate and share research folders with other users, giving them the ability to…

Paid Preparers Letter to Secretary Yellen

…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…

What is an Enrolled Agent?

…provisions are indexed for inflation, so they change as well. Some are effective at the beginning of the year, while others are effective on the date a particular bill or law is signed. EAs take continuing education courses each year to keep up with the changes and have research tools at their disposal to constantly monitor updates. Most taxpayers do not have the time, desire, or the research tools necessary to keep up with the tax code each year. When…

Tax Talk Today Member Benefits

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National Tax Practice Institute® (NTPI)

…– (2 CE) L1.03.21 – The IRS Examination Process – (2 CE) L1.04.21 – The IRS Collection Process – (2 CE) L1.05.21 – IRS Transcript Analysis – (2 CE) L1.06.21 – Non-Filers and SFR Assessments – (2 CE) L1.07.21 – Introduction to Examination (2 CE) L1.08.21 – Overview of Collection Alternatives – (1 CE) L1.09.21 – Basic Installment Agreements – (1 CE) L1.10.21 – Financial Analysis Process – (2 CE) L1.11.21 – Ethics (Level 1)– (2 CE) L1.12.21 – Managing…

NAEA Announces the Installation of New Board

…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…