IRS to Get Stricter on Preparer Penalties

[kcjenkins]

http://www.accountingtoday.com/news/irs-to-get-stricter-on-preparer-penalties-68082-1.html?ET=webcpa:e9299:61496a:&st=email

[ILLMAS]

LOL you beat me to it, I was going to post it too, because I couldn't tell what penalties are they assessing to the preparer?

[MsTabbyKats]

TRX started my "retirement by attrition" last season.

New rules, new foreign rules, new NYS rules, preparer penalties, new this and new that....just accelerates my rate of attrition.

At this rate, by 2015 I'll be doing "Standard Deductions" only

[Guest Taxed]

>>> At this rate, by 2015 I'll be doing "Standard Deductions" only

I love doing those simple returns. Unfortunately for each simple return there are 2 that are complex and difficult.

I think eventually as online software gets better most folks will do their std deduction returns online. I have lost a few of those to TaxAct because it asks the question in simple english and a college grad should be able to answer those correctly and get their simple std deduction return done online for Free (Federal only). For state i think they pay $29.

[MsTabbyKats]

>>> At this rate, by 2015 I'll be doing "Standard Deductions" only

I love doing those simple returns. Unfortunately for each simple return there are 2 that are complex and difficult.

I think eventually as online software gets better most folks will do their std deduction returns online. I have lost a few of those to TaxAct because it asks the question in simple english and a college grad should be able to answer those correctly and get their simple std deduction return done online for Free (Federal only). For state i think they pay $29.

I use TaxAct. The preparers edition is exactly the same as the "general one". One of the reasons I love it is that it walks you thru things....especially "other states".

By saying "standard deduction" I was really oversimplifying. But, I won't get involved in "unique situations" if it means submitting a return that I can't justify.

[Jack from Ohio]

By saying "standard deduction" I was really oversimplifying. But, I won't get involved in "unique situations" if it means doing a return submitting a return that I can't justify.

I don't do those now, and have not for over 10 years.