Tax Preparer License
At the present time, an individual does not need a license from the IRS to prepare tax returns. California, Maryland, New York, and Oregon regulate tax preparers, while Connecticut, Nevada, and Illinois require registration or other requirements for tax return preparers.
Tax Season 2022 Start Date and other Reminders
The IRS announced in a News Release on January 10, 2022 that the start of the 2022 tax filing season begins on Monday, January 24, 2022.
Recovery Rebate Credit
The American Rescue Plan Act of 2021 included a provision that extended the Recovery Rebate Credit to Tax Year 2021.
IRS Identity Protection PIN is Available to All Taxpayers
As part of its wider effort to increase security, the IRS is reminding taxpayers that the IRS Identity Protection PIN Opt-In Program is available to all taxpayers who can verify their identity.
2021 National Cyber Security Awareness Tips
As the 2022 filing season approaches, the IRS, states, and tax industry are warning taxpayers and tax preparers to remain vigilant due to the constantly evolving threats and scams from fraudsters.
Tax Law Changes 2021
The 2021 Consolidated Appropriations legislation that was passed last December and the American Rescue Plan included the following changes to federal tax provisions and extended expiring provisions so that they are still applicable for 2021.
Child Tax Credit and Advance Child Tax Credit Payments
This page gives an overview of the advance child tax credit payments, details on the child tax credit changes, how the reconciliation process will work, what the IRS Child Tax Credit Update Portal is and what an individual can use it for, and some frequently asked questions on the child tax credit.
Child and Dependent Care Tax Credit
For taxpayers who had qualifying expenses for their children or other qualifying person, the American Rescue Plan Act of 2021 (ARPA) increases the likelihood that these taxpayers will be able to qualify for the Child and Dependent Care Tax Credit (CDCTC) and receive a larger credit for 2021.
2021 IRS Tax Identity Theft Campaign and Tax Preparers
Continuing what the IRS, tax industry, and State tax agencies started back in 2015, the Security Summit partners have created a 2021 campaign to urge tax preparers to take basic actions to help stop theft of their own personal data and their clients’ tax data from their offices.
Taxpayer Authorizations and Tax Pro Online Account
The IRS has recently added a new feature to Individual Online accounts that allows individual taxpayers to authorize their tax preparer to represent them before the IRS by allowing them to electronically sign the Power of Attorney (POA) that was initiated by their tax preparer.