IRS is now processing PTIN applications and renewals for 2022. Preparers must renew or register for their PTIN by December 31. The fee for applying or renewing 2022 PTINs is $35.95.
We have immediate openings and urgent need for Tax Professionals with 10+ years of experience! Job openings are contract positions with potential for permanent, long-term employment.
Since the California Legislature passed Assembly Bill 5 (AB 5) in September 2019, the rules regarding who is and who is not an employee in this state have gotten ever more stringent – and confusing.
IRS recently added new content to its Child Tax Credit and Advance Child Tax Credit Payments FAQs: Topic O, Returning a Payment.
FinCEN announced this week that victims of natural disasters, including the recent California wildfires, have until December 31 to file FBARs for the 2020 calendar year.
The latest issue of “A Closer Look” explains how IRS’s new Cannabis/Marijuana Initiative is helping business owners navigate complex issues surrounding this unique industry.
Starting October 28, a new $67 user fee will apply to any estate that requests a closing letter for its federal estate tax return.
This week FTB added a new web page, Help with Pass-Through Entity Elective Tax, with FAQs in several topic areas.
IRS conducted a biennial review of the SEE user fee in 2021, and calculated its costs for overseeing the SEE at $99 per part. The current user fee for each part of the SEE is $81.
Seeking a small EA practice to buy in Santa Clarita / SFV / Simi for next tax season.
EA needed for growing accounting business. Can work fully remote if desired. Duties include individual and small business tax prep, IRS correspondence and representation. Strong understanding of S corporations is a must.
IRS has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts. Taxpayers with unpaid tax bills may be contacted by one of the new agencies as of September 23, 2021.
Individuals and households affected by the Dixie and River wildfires, who reside or have a business in Tehama and Trinity Counties, qualify for tax relief.
Due to COVID-19, IRS is continuing to experience inventory backlogs and long processing times for Form 1139, Corporation Application for Tentative Refund, and Form 1045, Application for Tentative Refund.
IRS will permanently close its paper return processing center in Fresno, California at the end of September. The closure was originally announced in 2016 as part of a larger efficiency strategy, since most taxpayers now file electronically.
On November 1, CDTFA will begin accepting applications for the Main Street Small Business Tax Credit II through its online reservation system. Credit reservations will be allocated on a first-come, first-served basis.
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 generally extends the temporary tax changes enacted by the CARES Act through the end of 2021, helping individuals and businesses give to charity in 2021.
EDD automatically transferred approximately 340,000 claimants on Pandemic Emergency Unemployment Compensation (PEUC), which expired on September 4, to the Federal-State Extended Duration (FED-ED) extension that remained in effect until September 11.
Small close-knit group is seeking a full-time seasonal EA or CPA with 5 years' experience, for in-office/remote work.
Placer County tax office is looking for an experienced CPA or EA to join our team either seasonally or preferably full-time. Our office offers income tax preparation, financial planning, bookkeeping and payroll processing.
Individuals who lost work or self-employment as a direct result of the Dixie Fire in Plumas and Lassen Counties, and the River Fire in Placer and Nevada counties, are now eligible to apply for federal DUA benefits.
IRS has added Topic G, Correcting issues after the 2020 tax return is filed, to its Recovery Rebate Credit Q&A page.
Notice 2021-52 announces the special per diem rates effective October 1, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.
During National Preparedness Month, IRS is reminding taxpayers to create or update their emergency preparedness plans, make sure financial documents are secure, and create lists of property.
Established tax and financial firm is seeking an experienced EA or CPA to join our team. Must have at least 5 years' experience with both individual and corporate tax returns.
IVES is modernizing its processing to implement Optical Character Recognition (OCR) software for reading Form 4506-C. The OCR software is expected to go live in October.
Generally, there is a non-payable one-week waiting period for individuals obtaining UI. However, Governor-declared emergencies waive the waiting period for regular UI benefit payments to eligible individuals affected by current disasters.
A new online application for the FIRE system, Information Returns (IR) Application for Transmitter Control Code (TCC), is scheduled to launch on September 26.
SBA will begin sending invitations for supplemental awards for the SVOG program within the next two weeks.
The White House has approved a Presidential Major Disaster Declaration for the Dixie and River wildfires, making federal funding available to individuals in Lassen, Nevada, Placer and Plumas counties.
Are you looking for a tax office to share? I have a custom designed professional tax office available, in a suite in The Shops at Rossmoor Shopping Center in Seal Beach, CA.
Beginning January 1, 2022, IRS will close several individual payment P.O. boxes (also called lockbox addresses) in the San Francisco, CA and Hartford, CT areas.
Since the PPP Direct Borrower Forgiveness Portal opened on August 4, the SBA has received more than 340,000 submissions from borrowers with PPP loans of $150,000 or less.
IRS has launched a new feature allowing families receiving monthly Child Tax Credit payments to update their mailing address via the Child Tax Credit Update Portal.
Established income tax and wealth management business is seeking experienced EA or CPA to join our team and take over preparation of approximately 250 established client tax returns, with ample opportunity to expand and grow.
Enrolled Agent position open in a small CPA practice. Must be able to work in Burbank, although some remote hours are available. 1-3 years of experience required; will consider applicants for EA exam.
Five million IRS Math Error Notices sent this filing season did not include language informing the taxpayer of the right to request an abatement.
Millions of families are now receiving advance CTC payments for the month of August, as direct deposits begin posting in bank accounts and checks arrive in mailboxes.
FTB is required by law to publish twice a year a list of the 500 largest tax delinquencies in excess of $100,000.
Small EA office is looking for an EA or CPA tax preparer with at least 3 years' experience with Lacerte and QB. Must have full knowledge of 1040, 1120s and 1065 LLC with Lacerte, and hands-on with QB.
IRS has issued further guidance on the Employee Retention Credit, including guidance for employers who pay qualified wages after June 30, 2021, and before January 1, 2022.
Starting this month, IRS will begin sending letters to approximately 100,000 EIN holders whose responsible party appears to be out of date.
The deadline to file Form 2290, Heavy Highway Vehicle Use Tax Return and pay the tax is August 31, for vehicles used on the road during July 2021.
In 2020, many taxpayers received Forms 1099-G for compensation they did not receive. Take these steps to help clients who are victims of unemployment compensation fraud.
My practice has been established in Oroville for 33 years. 700 individual returns and 50 business returns. I also own the business building, and will sell the building or rent it.
North San Diego County tax office is looking for an experienced CPA or EA to join our team either seasonally or preferably full-time year-round. Our office offers income tax preparation, financial planning, bookkeeping and payroll processing.
The Public Information and Awareness (PIA) Committee has developed several PowerPoint presentations that Members can use to market themselves to specific industries.
On August 4, SBA will launch an application portal allowing borrowers with PPP loans of $150,000 or less, through participating lenders, to apply for forgiveness directly through SBA.
IRS announced this week that another 1.5 million taxpayers will receive refunds averaging more than $1,600, as IRS continues to adjust unemployment compensation from previously filed income tax returns.
EDD continues to work with Bank of America to ensure the continuity and security of debit card services for payment of unemployment, disability, and Paid Family Leave insurance benefits.
IP PINs help prevent identity thieves from filing tax returns using stolen Social Security numbers, and are now available to anyone who can verify their identity.
Small tax preparation and accounting practice in San Leandro is looking for a part-time experienced tax preparer to work year-round, with more hours during tax season. In-office job – great for semi-retired or part-time person. Lacerte is a plus.
I'm an EA located in Encino, CA. If you're thinking of retirement and want to sell your practice, please contact me. I'm well qualified with lots of tax knowledge, great management skills, and fantastic, well-trained staff.
Immediate opening for tax professional EA or CPA. Potential ownership in the near future. This is a full-time position year-round. Must be experienced in personal, corporate, partnership and LLC returns.
The goal of IRS’s Taxpayer Digital Communication Initiative is to implement tools that make it easier for taxpayers to engage with IRS. This includes secure messaging, real-time text chat, and Outbound Notification.
Tax professionals can now digitally initiate Powers of Attorney (POAs) and Tax Information Authorizations (TIAs) with IRS’s new Tax Pro Account. These digital authorization requests are simpler versions of Forms 2848 and 8821.
With security incidents on the rise, IRS is urging tax professionals and taxpayers alike to use multi-factor authentication, which is available on tax software products to help protect against identity and data theft.
Seeking a tax professional for Individual and Entity Tax engagements. Our substantially paperless office requires computer literacy and excellent communication skills for both live and virtual client/staff interface.
Under the second stimulus package approved by Governor Newsom on Monday, roughly two-thirds of Californians can expect a $600 payment, thanks to the second phase of the Golden State Stimulus.
IRS issued another round of refunds this week to nearly four million taxpayers who overpaid their taxes on unemployment compensation received last year.
Identity thieves are using advance payments of the Child Tax Credit as bait to get people to give up their personal information.
The first batch of advance monthly Child Tax Credit payments, worth roughly $15 billion, reached about 35 million families on July 15. About 86 percent of payments were sent by direct deposit.
Established by the Consolidated Appropriations Act of 2021, the CERTS Program was created to support transportation service providers affected by COVID-19.
IRS has redesigned and expanded its penalty guidance content page. Get information about many common penalties.
IRS has extended tax relief for calendar year 2021 for employers whose employees forgo sick, vacation or personal leave because of COVID-19.
Help your clients avoid errors and processing delays when completing Form 7200, Advance Payment of Employer Credits Due to COVID-19 by double-checking these key items.
On June 28, Governor Newsom and California legislators announced an agreement on a new 2021-2022 budget. Included in the agreement are a number of trailer bills that contain several major tax-related items.
IRS has upgraded the Child Tax Credit Update Portal to enable families to update their bank account information, so they can receive their monthly Child Tax Credit payment. Any updates made by August 2 will apply to the August 13 payment.
Two new topics have been added to the 2021 Child Tax Credit and Advance Child Tax Credit Payments FAQs, regarding unenrolling from advance payments and identity verification.
IRS has launched two new online tools to help families manage and monitor advance monthly payments of the Child Tax Credit. These are in addition to the Non-filer Sign-up Tool, which was launched last week.
San Diego tax and accounting firm is seeking an EA with a minimum of three years of experience preparing 1040, 1065, 1120-S, 1120-C, 1041, 5471, and FinCEN Form 114 - hiring immediately. UltraTax and Spanish speaking a plus!
IRS has launched a Non-filer Sign-up tool to help families who don't normally file tax returns register for monthly Advance Child Tax Credit payments. Payments are scheduled to begin on July 15.
IRS's automated lien and levy programs have been idle since April 2020. With the recent progress in controlling the pandemic, IRS plans to return to its normal collection casework processes later this summer.
Tax preparer with experience with individual, corporation and partnership returns is required. This is not an entry level position - at least 5 years of hands-on experience required. Full time with benefits but possible part time position also.
Are you a great tax professional? Stern & Associates, an EA Tax Preparation Firm in Walnut Creek & San Francisco is seeking an experienced full-time and/or a part-time Enrolled Agent or CPA. This is an in-office position at the Walnut Creek location.
A number of tax rate changes will be implemented in various cities and counties throughout the state starting July 1.
FTB added some information to its website today regarding AB 80 and forgiven loans, addressing income exclusion and business expense deductions.
Revenue Procedure 21-24 provides two procedures for individuals, who are not otherwise required to file 2020 federal income tax returns, to file returns in order to receive: Advance Child Tax Credit payments and more.
Californians filing a new claim through UI Online must prove identity through ID.me. EDD has produced another AskEDDy video to help claimants get through the ID.me validation process more smoothly.
The first monthly payment of the expanded and newly advanceable Child Tax Credit from the American Rescue Plan will be made on July 15.
The American Rescue Plan provides a temporary 100 percent reduction in the premium that individuals would have to pay when they elect COBRA continuation health coverage, following a reduction in hours or an involuntary termination of employment.
IRS has begun sending letters to EAs with SSNs ending in 7, 8, 9, or no SSN, who have not renewed for the 2018 and 2021 cycles.
Two important updates affecting the 2020 filing season have been posted to FTB’s website regarding Advance Child Tax Credit Payments, and In-Home Support Services and CalEITC.
SBA has informed lenders that the PPP general fund is out of money. The application deadline had been extended for an additional two months, through May 31, to allow borrowers time to apply for the loans.
IRS is now opening mail within normal timeframes, and has also made significant progress in processing prior year returns. Unprocessed returns include those requiring correction or validation.
In consideration of the extended tax filing season, EAs receiving CE audit Letter 5781 now have 60 days from the date of the letter to respond.
The Treasury and IRS have released updated early drafts of new Schedules K-2 and K-3 for Forms 1065, 1120-S, and 8865 for tax year 2021 (filing season 2022).
IRS has received complaints from tax preparers with Forms 8821 on file that transcript request calls are being transferred to the Automated Collection System.
Advance payments of the 2021 Child Tax Credit will be made regularly from July through December to eligible taxpayers who have a main home in the United States for more than half the year.
IRS has posted the 2021 ALE standards, which are designed to reduce subjectivity when determining the basic living expenses a taxpayer can claim.
SBA began accepting applications for the Restaurant Revitalization Fund on May 3. The application portal will remain open until all funds are exhausted.
Governor Newsom has signed AB 80, bringing California into partial conformity with federal law.
IRS has posted unemployment compensation exclusion FAQs on several topics, including eligibility regarding taxpayers who are MFS in a community property state.
FTB will be correcting accounts for specific taxpayers who filed their state return prior to the IRS’ revision to exclude unemployment compensation.
The recent influx of FTB 4734D and 3904 notices are not the result of any altered processes, and there has been no change in the number of notices that have gone out compared to previous years.
If an taxpayer has a 2020 overpayment and elects to credit it against 2021 estimated tax, the date it is applied depends on the payment date and the extent to which an overpayment exists as of April 15, 2021.
AB 80 was been on April 15 to a remove a provision that placed a $150,000 cap on the amount of business expenses paid for using forgiven PPP or EIDL funds that a California business can deduct.
Notice 2021-24 extends the penalty relief for an employer’s failure to timely deposit employment taxes to deposits that were reduced in anticipation of various employment tax credits.
During an April 13 Senate Finance Committee hearing, Commissioner Charles Rettig said that IRS is on track to begin sending monthly payments from the new child tax credit in July.