The Tax Preparation Blog

Archive for the ‘Tax Preparation Services’ Category

Question: Is any kind of licensing required to be a paid Tax Return Preparer in Missouri?

The federal government does not require licensing, but some states (notably California) do require you to be registered in order to prepare tax returns for others.

Does anyone know or have a link to information specific to the state of Missouri?

Thanks

Answer: No, nothing here in MO. I’ve seen bait shops and “buy here, pay here” car dealers who prepare tax returns as a sideline. Pretty crazy here.

Tax preparer sentenced for filing false returns

A Kenansville tax preparer was sentenced in federal court Friday to more than three years in prison and ordered to pay more than $32,000 in restitution after pleading guilty to aiding and abetting tax fraud, officials say. Angela Fay Williams, 45,…

Protect Yourself From Bad Tax Preparers

Question: what is the procedure of E- filling service tax challan?

I Know the procedure e-filling of service tax return but how to pay service tax challan online.

Answer: For taxpayers who opt to maintain account with the concerned bank and willing to use Internet banking facility:
• Taxpayer logs on to the bank’s web site.
• The bank’s site allows the taxpayer to enter into the secure banking area after verifying the user ID and password provided to the taxpayer by the bank;
• Once in the secure banking area of the bank, the tax payer can select the “Pay Tax” menu which will further offer option to select various taxes he can pay on-line;
• Once opted for CBEC (Indirect Tax), the taxpayer is guided to the challan form for filling up the details;
• There will be an on-line validation for Assessee Code, Location Code, Account Head against the masters provided to the bank from the concerned Pay and Accounts Office. The validation is mandatory and only successful entrants will be allowed to proceed further;
• Banks will obtain and keep only such Assessee Codes, in their master, which belongs to the assessee who falls under the Commissionerates for which the bank is authorized to collect Indirect Tax revenue. This will ensure that the bank is not collecting and accounting indirect tax revenue for a Commissionerate for which it is not authorized;
• On successful validation of the details in the challan format, the taxpayer is guided to a ‘make payment screen’ showing the payment details filled in by the taxpayer on the challan format;
• The taxpayer gets an option to “Continue” or “Cancel”;
• On selecting “Cancel”, the taxpayer is prompt for entering his user ID and password to enter into the bank’s e-transaction module;
• On selecting “continue”, the taxpayer is prompt for entering his user ID and password to enter into the bank’s transaction module;
• This screen further leads the taxpayer to the page describing his account details with the bank;
• Taxpayer selects the account to be debited;
• Authorise the payment transaction;
• On successful payment transaction, the account of the taxpayer gets debited and taxpayer gets a unique system generated payment confirmation number;
• The concerned Focal Point Bank prints the challan and include in the scroll on a day to day basis and forward to the concerned PAO and, to the Range Officer as per the existing procedure and ensures two copies of the challan in delivered to the taxpayer;
• Fund transaction and settlement with Government will be the exclusive responsibility of the bank as per the existing procedure.
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Jyothica

House Session 2010-04-15 (18:26:35-19:26:58)

Question: I’m thinking of enrolling in a beginner’s tax preparers course.?

What is the job market like for entry level tax preparers? Also, math isn’t my strong suit, should I still consider doing the course to get a job in that area?

Answer: Eh…the market isn’t great no matter what you do, although I have noted that medical assisting and IT jobs have skyrocketed…

I’m majoring in Accounting in college and I suck at math. In my opinion: if you can use a calculator, you can do taxes.

Tax preparer H&R Block names former eBay executive William Cobb to board

KANSAS CITY, Mo. – H&R Block on Monday said it had elected a former eBay Inc. executive to its board. William R. Cobb served as president of the online auctioneer’s U.S. marketplaces division.

Accounting practice: Tax Preparer Certification

Question: New online-based job asking for tax information?

I applied for a job working online (IT Tech remote assistance) I’m sure that it is legit.. where I use to work their tech services were provided by the same company. To be “certified” as a tech I’ve passed a few steps and pre crap but now they are asking for a copy of my tax form. Is this the same as a tax return? If so why would a new job want old tax info? Shouldn’t THEY be the one to have to get that info if needed? ..I don’t want to send them that kind of personal information because it has bank routing information and a bank account number on it. –thanks.
thanks for the heads up, got to looking at my last return and realized that all the numbers on it is for my past job.. so inless their talking about a completely different ‘tax form’ their not getting any 1040 or w-2 info. thats info based off my last job anyways, has nothing to do with them. i emailed them and asked them why they need it, nothing back yet.

Answer: They either need a Form W-4 if you will be an employee or a W-9 if you will be an independent contractor. They have no need for copies of any of your tax returns, current or past.

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Online tax forms still have attorneys frustrated.(Mid-Year Review & Forecast)(New York City Department of Finance): An article from: Real Estate Weekly $5.95 This digital document is an article from Real Estate Weekly, published by Hagedorn Publication on June 22, 2005. The length of the article is 462 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Onl…

Online Wage Reporting Bulletin Board Service : instructions for filing forms W-2 electronically with the Social Security Administration : tax year 1996 (SuDoc SSA 1.2:ON 5) …

Home buyer and seller opinions offered in survey

Many people dream of buying their first home or trading up to a new home that will better suit their changing needs.

Tax Forms & Deductions : How to File a 1099 Form