Jim Young, EA
Tax preparation for 20+ years. Enrolled Agent (EA) since 2005. Manage Tax-Aide site, free returns for low and middle income taxpayers. Seasonal preparer at a CPA firm and EA group - over 200 returns each season. Prepare 35+/- returns for personal clients.
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It's not done until it's done rightAffiliations
NAEA (National Association of Enrolled Agents), VASEA (Virginia Society of Enrolled Agents), Live Person (Expert)Favorites
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Displaying Results 1 - 107 (of 107) for All Content
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H&R Block RALs Going the Way of the Do-DoH&R Block won't have a rapid refund product for 2012. The few options available likely won't satisfy taxpayers expecting quick money.
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Registered Tax Return PreparerWhat is a Registered Tax Return Preparer? How do the differ from attorneys, CPAs and Enrolled Agents? -
Registered Tax Return PreparersRegistered Tax Return Preparers are restricted in their usage of this new designation.When, where and how they can use it has been released by the iRS in Notice 2011-45 and TD 9527. As a tax preparer or taxpayer, you need to know what this means to you.
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Registered Tax Return Preparer - Newest IRS CreationRegistered Tax Return Preparers are a new addition to the tax preparation world. The exam will be available this fall (maybe October), and presently unenrolled parparers must pass the exam to earn the Registered Tax Return Preparer designation.
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PENNIES on the DOLLAR - RONI SAY it ISN'T SOYou can fool all of the people some of the time, some of the people all of the time , but never all of the people all of the time.
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FDIC Advises Republic Bancorp RALs Are UnsafeRALs are on the way out. -
This Year I'm Using Filing Status - Married Filing SeparatelyOK to amend your tax return and file Married Filing Separately?
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Rapid Tax Refunds - What Are You Really PayingYou can get a RAL. Know what it really costs before you do it.
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RALs Aren't What They Used to BeRALs seem to be an endangered species. Not all tax preparers can offer them. -
Valentine's Day and Itemized DeductionsFile your Sch. A and other delayed forms on Feb 14. IRS lifts filing prohibition on that date. -
Treasury (IRS) Offering a Visa Card Product for Federal Tax RefundsThe U.S Treasury Department announces a Visa product for tax refunds and numerous financial services. Get it in time for use with your 2010 tax refund. 600,000 letter going out this week.
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Married Filing Jointly Vs Married Filing Separtely - an UpdateThere are good reasons to file separately, and to file jointly. You need to know the difference. -
Why Can't I Get My Rapid Refund This Year?Are RALs disappearing? Why H&R Block doesn't have them in 2011. Does anyone have them?
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Filing of Some Returns to Be Delayed by IRSEleven Credits or Deductions Cannot be Filed Until Mid to Late February
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Tax Advice - Some is Worthwhile, Some is WorthlessTax advice, Divorce Decree, Dependency Deduction,
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RALs Funding - Jackson Hewitt Has 80%; H&R Block 0%H&R will not offer RALs for 2011. JH had funding lined up for 80% of RALs.
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Filing as Head of HouseholdMaker sure you qualify for this filing status. Many use it improperly. It can be very confusing.
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Proposed Regulations from IRS "Cut Fees" for Enrolled AgentEnrolled Agent renewal fee reduction proposed by the IRS
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Caryover Basis for 2010 DecedentsCarryover basis in use for 2010. Step-us basis not available.
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Filing as Head of HouseholdHow do you qualify for Head of Household status?
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Tax Preparers - Are You "Prepared" for 2011Tax preparers must do two things to do tax returns in 2011.
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Wesley Snipes - Trials End, Prison Term BeginsWesley Snipes ordered to federal prison by Florida judge. -
Lamar Odom Vs IRSOdom, off court, in court with IRS over tax dispute. -
Supermodel Janice Dickinson Stars in IRS Tax Lien Reality ShowTax liens filed by IRS and State of California.
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Firefighters - Deductibility of Meal ExpensesAre those meal deductions legit? What makes them so? -
2011 Tax Deductions and Tax BreaksDiscover the credits and deductions that will benefit you.
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Tax Court Torches Charitable DeductionTaxpayers give house to volunteer fire department. IRS disallowed charitable deduction. Tax Court upholds IRS position.
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Homebuyer Tax "Credit"The original homebuyer's credit of $7,500 is a loan - not a credit. Start paying it back in 2011. -
IRS Sets Procedures for Foreigners and U. S. Religious Objectors to Get a PTINForeign preparers and Social Security religious objectors have a process to secure a PTIN.
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Young Buck's Auction Off for NowIRS auction sale cancelled for Oct. 28
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IRS Considers Option Offering Taxpayers Account "Locks"Taxpayer Advocacy Panel makes recommendations to the IRS. -
First Year Education Requirements for Tax Preparers Off the TableEducation for tax preparers waived in 2011. IRS postpones preparer requirements.
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Not in Idaho's Back YardKids, don't try to sell pumpkins in Idaho. No lemonade either. -
What Taxpayers Need to Know in 2011Registered Tax Return Preparers start in 2011.
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Rapid Refunds - RALs, RACs and Instant MoneyRapid refunds - will they survive? The Debt Indicator - IRS says no.
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Tax Debt Relief CompaniesFTC rules affecting tax debt reduction companies goes into effect Oct 27. -
Doing the Crime - but Serving Pizza, Not the TimeBuffalo restaurant owner to serve pizza, not time.
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H&R Block Files Suit Against HSBCH&R Block sues HSBC asking the court to require funding of RAL and RAC loans.
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Enrolled Agent Take NoteIRS renewal of EA's enrollment is postponed until further notice.
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Young Buck's Possessions Will Be Auctioned by IRSYoung Buck's possessions to be sold at auction on Oct 28
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Tax Transcripts and Tax Return CopiesYou can get transcripts and full tax return copies from the IRS. The transcripts are free. The copies cost $57.
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Miami Developers Convicted of Tax FraudMiami developers and hotel owners found guilty.
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Senior's Protection Act of 2010HR 5987 would provide seniors with a $250 payment in lieu of the SS COLA increase.
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Big Brother Watching Big BrotherTax and drug problems for Adam Jasinski.
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Social Security Recipients - No Benefits Increase for 2011No increase for Social Security recipients in 2011.
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Patrice Tierney, Wife of Congressman John Tierney, Guilty of Tax ChargesWife of Congressman facing prison sentence and fines.
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Estate Tax - Gift TaxTaxpayers with large estates are faced with alternatives. Gift tax or estate tax.
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American Tax Relief - Company Shut Down by Federal JudgeAnother tax relief firm charged with scamming clients.
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Millionaires Receive Unemployment CompensationMillionaires average $6,549 in unemployment benefits.
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Pay Your Taxes - Get a ReceiptGet a receipt - know where your tax money goes.
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Corrosive Drywall Tax Relief Available to HomeownersImported drywall has plagued homeowners for years. Tax relief is now available for those affected.
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Al Sharpton's Tax Problems - IRS Files $538,000 Tax LienTax lien of $538,652 filed with the New York City Register's Office.
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Adoption Credit for 2010Review the changes to the adoption credit as a result of the Affordable Care Act.
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PTIN Sign-Up for Registered Tax PreparersThe PTIN registration site is open for business.
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Tax Package Mailing to EndThe mailed tax package from the IRS each January will no longer be coming to you. It's available from the IRS web site.
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Return Preparer Registration for PTINs on HoldRegistration for PTINs on hold until site reopens.
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Return Preparer Registration PTIN Available Starting TodayThe long awaited PTIN registration process started today. Mail a W-12 or file online.
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A Case for Medical ResidentsMedical residents and their employing institutions seek refund of all FICA withholdings since 2005 by filing a Supreme Court case.
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Dependent Deductions for Divorced ParentsThe divorce agreement says you get the dependency dedcutions for your kids. Your ex takes them anyhow - anything you can do?
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Vera Wang - IRS Files Tax LienVera Wang is among the latest to have a tax lien filed by the IRS.
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Bush Tax Cuts - What Happens If They Expire?Bush-era tax cuts expiration will mean tax increases - more than you imagine.
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Residential Energy Credit (non-business Energy Property Credit)Make sure you qualify for the energy credit before making the purchase. No tax liability = no credit.
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Jackson Hewitt Struggling with RALsRALs are vital to the rapid refund market. The national preparers are struggling to provide this product to their clients.
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NSA & CPA Organizations at Odds Over Preparer RegistrationCPA group seeks special exemption from registration rules. Accountants urge IRS make rule applicable to all preparers.
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IRS Issues Guidelines for Purchase of Non-Prescription MedsNon-prescription meds reimbursement changes effective Jan. 1, 2011. Affects FSAs and HSAs.
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H & R Block Disposing of OfficesH & R Block going through changes. Closing over 275 offices this year.
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Lil Wayne and Khloe Kardashian Share Tax Lien ExperienceTax liens filed against Lil Wayne (Weezy) and Khloe Kardashian. Lil Wayne serving one year sentence on weapon charge.
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Treasury Announces Debit Card Tax Refund TestThe Treasury will offer a debit card refund program for the 2011 tax season. Aimed at unbanked and underbanked Americans
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Making Work Pay Credit Still Available for 2010The Making Work Pay Credit is available for 2010.
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Rapper Young Buck Experiences IRS Raid at His HomeIRS seizes items at Young Buck's home to satisfy $300,000+ tax bill.
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Tax Refunds on Western Union Debit Cards Offered by CCH SFSRALs are under stress and may not be widely available in 2011. Tax preparers and banks search for alternatives to retain this lucrative business.
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Credit Card Cash RewardsCash rewards treated differently from affinity cards. Get a tax deduction from your cash reward card.
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Tax-Aide Tax SitesTax-Aide sites are there to assist you. The volunteer preparers are certified by an IRS exam each year.
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Tax-Aide and VITA - Tax Counselor's HandbookTax-Aide and VITA counselors handbook. Forty chapters covering all of the forms permitted under the program.
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IRS Registered Tax Preparers - What Will it Mean to Me?The new and proposed tax preparer rules and regs are coming. What you need to look for when selecting a return preparer.
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Snipes Free as a Bird - Hogan a "Prisoner" of AustraliaWesley Snipes and Paul Hogan battling tax authorities. Snipes "free" and Hogan detained in Australia.
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National Society of Accountants and the American Institute of CPA's Differ on PTIN RegulationsNational Society of Accounts asks no exceptions for paid preparers. CPA group requests exceptions for pending CPAs.
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California AG Brown Files $34 Million Lawsuit Against the "Tax Lady"Tax resolution group under fire. California AG files $34 million lawsuit.
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Taxes - a Hazardous BusinessRetaliation against the IRS in upswing. Don't people like audits?
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How Many Days Do You Work Each Year Just to Cover the Cost of GovernmentHow many days do you work each year to cover the cost of government? It's way worse than you thought.
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Registered Tax Return Preparer - New Regulations and New ResponsibilitiesThe IRS will register and control federal tax preparers. Changes coming over the next three years.
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Tax Lien Filed Against Naomi Campbell - $63,487Tax lien filed prior to testifying before U.N. Special Court.
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Tax Questions, More Tax Questions and Way More Tax QuestionsMy tax preparer is asking way more questions. Doesn't he believe me?
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Guilty Plea to Tax Fraud by Former Jackson Hewitt ManagerIRS continues crackdown on fradulent tax preparers. Prison time is likely.
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Filing a Tax Return Better Than a Part-time JobWe are near the point where 50% of filers pay no tax. If not us, who?
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That's No Croc - That's a Tax Bill"Come and get me............... Don't mess with Dundee.
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When is a Tax Increase a Tax DecreaseTax brackets may change. One actually goes down.
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A-Rod Nails Homer Number 600Homer put A-Rod in the record books. IRS wants to tax it.
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IRS Collections - Reality Vs Myth IIYou have 30 days to prevent a levy of your assets. How?
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IRS Debt Indicator No Longer Available for RAL's and RAC'sThe IRS, effective for the 2011 tax season, will no longer make available Debt Indicator information to RAL and RAC providers.
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IRS Hits Wyclef Jean with a New Tax Lien - Total $2.1 MillionNew Tax Lien File. Jean may be a candidate for the presidency of Haiti.
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IRS CollectionsThe IRS can seize or levy on your assets to collect a tax debt. What can they do, and what are they prevented from doing?
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Actor Wesley Snipes Tax Evasion Conviction UpheldWesley Snipes was convicted in 2008 and has been out on bond. His 3 year sentence has been upheld.
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Tax Uncertanties AboundUncertainty is the bane of stock markets and business. In the face of uncertainty, things stop happening.
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Need a Tax Return Copy ?You need a copy of your tax return, but can't find your file copy. A paid preparer or the IRS will come to your rescue.
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Registered Tax PreparerEffective Januuary 1, 2011 ALL tax preparers must posess a PTIN issued by the IRS. They will be easy to acquire online, starting approximately September 1, 2010, and will cost the preparer $50.
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Now is the Time to Plan for 2011 FilingTax laws are changing with unparalelled rapidity. Laws are created, last a year or two, and then pass into oblivion. Doing a tax return correctly, and using all of the laws efficiently, is as difficult as mechanical work on your new vehicle.
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To File or Not to FileDo you need to file. What if I don't? Am I in trouble?
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Head of Household Status (HOH)If you qualify for HOH filing status, you will pay less tax. You will need a qualifying child, relative or parent.
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Household EmployeesIs that person working in your home your employee with tax filing obligations for you? Are they self-employed and what does that mean for you?
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Education CreditsReview of the American Opportunity Credit, formerly the Hope Credit. It's trickier than you think
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IRS Offers Relief Program for Small CharitiesIRS Offers Small nonprofit organizations filing relief to avoid losing tax exempt status. Filing must be completed by October 15th.
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Wedding Planner - Tax PlannerYou're getting married soon. Does your new spouse to be have any tax surprises that will take the glow off the honeymoon?
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When a Tax Credit is Not a Credit?There are two kinds of tax credits, refundable and non-refundable. You can be eligible for a credit, and still not derive any benefit from it. How so?
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Foreclosure and Cancellation of DebtForeclosures, short sales, and charged off debt can increase your tax bill. There are alternatives that may benefit you.
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Married Filing Separate Vs. Married Filing JointlyMarried couples have a choice to make each time they file their tax returns. Which is best for ME? There are numerous factors to consider before making your decision.
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Taxes are H-A-R-DYou filed your tax return for 2009, or not, and unless an October 15th extension was part of the process there's nothing to be concerned about until the W-2's, 1099's and brokerage statements start arriving in January - right?