Understanding Tax Return Preparer Credentials and Qualifications Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. However, tax professionals have differing…

More than half of taxpayers hire a professional when it’s time to file a tax return. Even if you don’t prepare your own Form 1040, you’re still legally responsible for…

WASHINGTON — The Internal Revenue Service is releasing a revenue procedure today providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund Recovery…

For Immediate Press Release South bend, IN Tax Practitioner Earns Enrolled Agent License Joseph Kariuki, EA Qualifies for Elite License Washington, DC. – 12.12.2014 Joseph Kariuki, EA has successfully completed…

Historical Highlights of the IRS 1862 – President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue…

Brief History of IRS Origin The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue…

The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning…

An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If…

What is an enrolled agent? Enrolled agents (EAs) are America’s Tax Experts. EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to…

Even though only a month remain in 2014, you still have time to act so you aren’t surprised at tax-time next year. You should take steps now to avoid owing…