More Graduates from CTEC 20 Hour IRS Online Tax Course Beating the Deadline! Whew. 70 graduates from the 20 hour CTEC / IRS online tax course yesterday October 30th, 2012! As of this morning, we are all caught up with reporting yesterday’s RenewCTEC.com graduates and we are *almost* done with reporting all of this morning’s […]
When is the Deadline for Renewing my CTEC?
When is the Deadline for Renewing my CTEC?
By Tim Frye
Everyone knows that America’s national pastime is no longer baseball. And no, it’s not the NFL either. It’s procrastination. We all do it. So don’t feel bad when it’s Halloween night this year and as your sliding on your monkey suit and headed out to party, you realize you had to complete your 20 Hour CTEC continuing education requirements by midnight. We are not here to judge, just ever-present to remind you to not be that guy.
If you are tax preparer, and you do not complete your 20 hours of continuing education for CTEC by the October 31st deadline, you can still complete the hours after. There will, however, be an extra $55 CTEC late fee tacked on the regular $25 rate.
Preparing Taxes for Students
Preparing Taxes for Students
By Tim Frye
In order to be a successful tax preparer you should find a specific area of taxes to specialize in, and find a good niche market for that area. Compartmentalizing your tax knowledge can help you focus on more narrowed client base when just starting out. A good example of this is offering your services to the younger generation, such as college students.
There are aspects of preparing a student’s tax return that can be different than simplified returns, and this article will discuss a few of those variations.
How Hard is it to Become an Enrolled Agent?
How Hard is it to Become an Enrolled Agent?
By Tim Frye
As you begin down the road of becoming a respectable tax professional, you will first want to establish yourself as a competent, honorable, and proficient tax preparer. Once you develop this reputation, it would be prudent to look into ways to expand your repertoire and explore new avenues of certification. Becoming an enrolled agent is a logical next step for the aspiring tax preparer that is looking to climb the professional ladder. Let’s look at the process in becoming an enrolled agent and its possible pitfalls.
Explaining the Earned Income Credit
Explaining the Earned Income Credit
By Tim Frye
One of the biggest components in the amalgamation of skills it takes to be an expert at tax preparation is the knowledge of the credits that create the largest refunds. After all, isn’t your client or anyone for that matter, looking for the biggest bang for their buck? Well in the world of income taxes that means your client is looking for the biggest refund. The earned income credit is one of the more refundable and substantial credits that can create that very favorable outcome for your client: The gargantuan refund. Here are a few pointers to assist in articulating the specifics on the earned income credit to your client.
