Napa Valley Special Topics Workshop 2019

NSTPNapa Valley, California, National Society of Tax Professionals (NSTP), Tax Professionals

Napa Valley Special Topics Workshops

2019 Special Topics Workshop – Napa Valley, CA July 15 – 17, 2019 Join us in the legendary, enchanting Napa Valley which is home to award-winning wineries and gourmet food. Arrange your travel plans to arrive early and spend time with your peers on a bus wine tour at 10 am on Sunday, July 14, 2019. Napa Valley Special Topics Course Name Date CPE Instructor Register Now! §199A Safe Harbor for Rental Real Estate Activities July 15 2 CPE Paul La Monaca, CPA, MST Register Now! Form 1040 Issues After the Enactment of the Tax Cuts and Jobs Act July 15 4 CPE Paul La Monaca, CPA, MST Register Now! Focusing on Sole Proprietorships and the Impact of §199A QBI Issues July 16 5 CPE Paul La Monaca, CPA, MST Register Now! Taxes and the Cannabis Industry July 17 4 CPE Nina Tross, MBA, EA Register Now! Click here for more information or to register. NEW HOTEL LOCATION: Embassy Suites by Hilton Napa Valley, CA Enjoy the resort-like setting of Embassy Suites by Hilton Napa Valley. Experience our stylish lobby, restaurant, meeting/event space, and atrium while exploring our seven acres of landscaped grounds. The idyllic surroundings of our Napa Valley … Read More

Closing Your Tax Office for the Year?

NSTPInternal Revenue Service (IRS), Tax Professionals

Closing your Tax Office for the Year?

Closing Your Tax Office for the Year? If you are planning to close your tax office for the year, here are some reminders: Update your IRS e-file Application to allow the IRS to communicate with you and prevent your Electronic Filing Identification Number (EFIN) from being inactivated. Verify and if needed, update your firm’s Principals, Responsible Officials, addresses and telephone numbers. Keep all Forms 8879 and acknowledgment reports for three years. Keep copies of all clients’ tax returns until the end of the calendar year as the electronic return originator (ERO). Check your EFIN status page to verify the number of returns you filed matches the number of returns received by the IRS. While your office is closed, it is a good practice to periodically verify your EFIN is not being used by anyone else. This information can be found through your E-Services account. If you are planning to permanently close your tax office, here are some reminders: The easiest way to notify the IRS of the closing is to use the “Close Office” feature on your IRS e-file Application. Providers may not sell or transfer EFINs, other identification numbers, or passwords when selling, transferring or otherwise discontinuing an IRS … Read More

Introduction to Taxpayer Representation

NSTPInternal Revenue Service (IRS), Tax Professionals

Introduction to Taxpayer Representation

Introduction to Taxpayer Representation NSTP is offering a new course to help you prepare to represent your clients effectively, taught by Isaac R. McRae, III, MST, EA, and NTPI Fellow. To register today or for more information about Introduction to Taxpayer Representation, to be held on June 24-25, 2019, at the DoubleTree Hilton Hotel, Williamsburg, VA, click here. Tax professionals who can represent a taxpayer before the IRS have a leg up on those who aren’t prepared. Attorneys, Enrolled Agents, and CPAs have unlimited representation rights, and can represent a taxpayer on any tax matter, regardless of who prepared the return. All other tax professionals have limited representation rights with the appropriate credentials. The Introduction to Taxpayer Representation course will help you effectively represent your client before the IRS whether in a full or limited representation capacity, and is taught by Isaac R. McRae III, a highly respected Enrolled Agent who also holds an MST and is an NTPI Fellow. REGISTER TODAY for Introduction to Taxpayer Representation, to be held on June 24-25, 2019, at the DoubleTree Hilton Hotel, Williamsburg, VA. A credentialed taxpayer representative can competently represent their clients if they are prepared in the following areas: Audit selection … Read More

Data Security Message for PTIN Holders

NSTPTax Professionals

Data Security Message for PTIN Holders

Dear Tax Professional, Increasingly, there has been a lot of discussion and messaging around the importance of data and information security. It’s because tax professionals are the prime targets for identity thieves and data breaches continue to affect tax professionals at an alarming rate. Cybercriminals use sophisticated and ever evolving techniques to gain access to your systems. These criminals steal sensitive taxpayer data, file fraudulent tax returns and create financial havoc for you and your clients. Data security is a necessity for every tax professional; protecting taxpayer data is your legal responsibility. While there are many steps you can take to reduce the risk of becoming a victim of cybercriminals, creating and maintaining a data security plan tops the list. The Federal Trade Commission requires all financial institutions (yes, tax return preparers are included in the definition of financial institutions) to have a data security plan. Your plan should be designed to protect all the sensitive taxpayer data entrusted to you as a tax professional. A data security plan is an essential step in protecting your business against data loss and tax related identity theft. A security plan does not guarantee that your business will not be targeted, but it … Read More

Directory of Federal Tax Return Preparers

NSTPTax Professionals

Directory of Federal Tax Return Preparers

Are you included in the Directory of Federal Tax Return Preparers with Credentials and Select Qualifications? This searchable directory is intended to help taxpayers find preparers in their area who currently hold professional credentials recognized by the IRS or who hold an Annual Filing Season Program Record of Completion. Take a look. https://irs.treasury.gov/rpo/rpo.jsf