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In the Zone: Tax Zone
October 20, 2010    
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Tax Talk Today Launches New 2011 CPE Plan – 15 CPE Credits, $187.50
Reality Check: Make Next Tax Season Your Best Ever!
Itís Time for Your Federal Tax Update!
Editor's Note
Gail Perry, CPA, Managing Editor Tax preparers who expect to sign their name on tax returns come spring had better put their quills and inkwells aside until they hop online to the IRSís PTIN site and apply for or renew their very own Preparer Tax Identification Number (PTIN). All paid preparers are required to have such a number Ė your Social wonít do. All existing PTINs expire when the clock strikes 12 on the 31st, so get busy and get those renewed. Not surprisingly, there is a fee involved, so be prepared to fork over some bucks.

Meanwhile, if youíre one of those people who recoil when hearing American Tax Relief advertisements bragging about all the people they help bilk the IRS, you can rejoice because a federal judge has shut them down, at least for now. Turns out ATR was actually costing its customers more than it was saving them. Go figure.

Best wishes,
Gail Perry, CPA
Managing Editor
Tax Talk Today Launches New 2011 CPE Plan – 15 CPE Credits, $187.50
Tax Talk Today
Take advantage of our Pre-Season Offer: 8 interactive webcasts featuring experts from the IRS in lively panel discussions with tax professionals about current and complex tax issues. For a limited time, you can earn 15 CPE credits during 2011 for only $187.50. Tax Talk Today is brought to you by the NAEA, Tax Analysts and Tax.com.
Paid tax return preparers must obtain PTIN by January 1, 2011
Paid tax return preparers, including attorneys, CPAs, and enrolled agents, must apply for a Preparer Tax Identification Number (PTIN) from the IRS before signing and filing any federal tax returns in 2011. Paid preparers who already have a PTIN must renew it.
Report indicates big increase in state sales taxes
State governments have boosted sales tax rates to the highest levels in 28 years, according to a new report by Vertex, an enterprise tax software company.
Reality Check: Make Next Tax Season Your Best Ever!
CCH You've been through multiple busy seasons and you have great ideas about what you could do to make the next one better. But do you have the tools to take you there? Maybe it's time to take another look at the professional’s first choice, ProSystem fx Tax. Reliable. Comprehensive. Accurate. Always up-to-date. Hear what other tax professionals are saying. Visit CCHGroup.com/Tax or call 1-800-739-9998 for more information.
Top personal income tax rates are rising worldwide
The worldwide decline in top personal income tax rates over the past seven years generally appears to have come to an end, as this yearís average rate increased 0.3 percent globally, according to KPMG Internationalís 2010 Individual Income Tax and Social Security Rate Report.
New W-2 form defers requirement to report cost of health coverage
The IRS has issued a draft Form W-2 for 2011 and has announced that it will defer the new requirement for employers to report the cost of coverage under an employer-sponsored group health plan.
It’s Time for Your Federal Tax Update! Vern Hoven
Get up to speed on this year’s tax changes with Vern Hoven’s highly-rated Federal Tax Update webcasts from CPE Link. Delivered in four 4-hour sessions, this multi-media presentation is team taught by practicing CPA Vern Hoven and EA William Roos. You get down-to-earth tax materials covering new tax developments that affect individuals, estates, businesses, partnerships and corporations. This live webcast format is the most economical and convenient way to get your tax update this year. Sessions offered November-January. Register today!
New IRS regs: Reporting gains and losses is about to get easier
The Internal Revenue Service has issued final regulations under a law change that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years.
Federal judge shutters American Tax Relief
Youíve probably seen the ads for American Tax Relief. They claim to provide help to beleaguered taxpayers by dramatically reducing tax debt, including penalties and interest. But chances are good you will not be seeing those ads again anytime soon.
Kaplan Weekly Quiz
KaplanAre you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week`'s quiz.
Accounting Solutions Conference - November 8-11, 2010
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