A tax return preparer is a person who prepares a tax return, or a substantial portion of a tax return for payment. An individual who prepares a tax return for free is not considered a tax return preparer for these purposes. If you prepare tax returns in exchange for payment, you are subject to return preparer penalties if you don’t follow the tax laws, rules, and regulations when preparing returns. Examples of situations when a return preparer may be assessed a penalty include, but are not limited to:
TAS is joining the IRS in celebrating Tax Professional Awareness Week (TPAW). TPAW is a week dedicated to ensuring that tax professionals have all the information they need to have a successful filing season. This year, we’re highlighting resources for protecting you and your clients from evolving tax scams, ensuring your client’s refund rights and appeal rights, and delving into what happens when return preparations go wrong. Tax professionals can also find resources to help them prepare for the 2025 filing season.
Here’s some basic information about individual filing season tax return due date(s), tax payment due date(s) and requesting a filing extension, if needed.
Tax Return Filing due dates:
April 18, 2022 – For most taxpayers, the tax-filing deadline is April 18, 2022.
April 19, 2022 – For residents of Maine and Massachusetts only, the deadline is April 19, 2022.
June 15, 2022 – For Americans who live and work abroad, the deadline is June 15, 2022.
Tax professionals need to be on the lookout for a variety of new and evolving schemes aimed at stealing sensitive taxpayer information. These schemes don’t just threaten your clients, they can damage your business as well.
Join hundreds of tax professionals at the 2024 IRS Nationwide Tax Forum. It is a great place to earn Continuing Professional Education Credits, network with other tax experts, learn about tax law changes, the latest news from the IRS, and resolve your difficult tax cases.
When you get married, your tax situation changes. Your marital status as of December 31 determines your tax filing options for the entire year. State law determines whether you are married. If you’re married at year-end, you have two filing status choices:
It is your responsibility as a tax professional to ensure you protect your client’s right to claim a tax refund. Tax professionals must be vigilant in tracking deadlines and advising their clients to take timely actions
Tax filing season can be difficult to navigate, but TAS has compiled a list of resources to help you make it to the finish line.
The form of business you operate determines what taxes you must pay and how you pay them. There are four general types of business taxes