We are now partnered with Constant Contact
AAOATP and Constant Contact have teamed up to offer AAOATP members substantial discounts on Constant Contact marketing tools.
Constant Contact, the leading provider of email marketing tools, helps you stay in touch with customers, sell more, grow your customer base, and increase your bottom line. Your new easy-to-use marketing tools help you communicate effectively, frequently, and safely. The result? More repeat business and referrals! READ MORE »
Taxpayers Can Invest up to $18,000 in 401(k) Plans in 2015
The Internal Revenue Service posted the annual cost of living adjustments for pension plans and other retirement plans for 2015, allowing taxpayers to contribute up to $18,000 in their 401(k) plans in 2015. READ MORE »
IRS Issues New Instructions for the Affordable Care Act
The Internal Revenue Service has issued new draft instructions, notices and a publication to help taxpayers and tax practitioners deal with the Affordable Care Act.
The draft instructions were released last week for Form 8962, “Premium Tax Credit,” and Form 8965, “Health Coverage Exemptions.” The IRS had previously released draft versions of the forms themselves, both 8962 and 8965, along with draft instructions for several other draft forms for the Affordable Care Act. READ MORE »
Direct Deposit Limits
In an effort to combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit card to three. The fourth and subsequent refunds automatically will convert to a paper refund
check and be mailed to the taxpayer. READ MORE »
IRS Unveils New Filing Season Program for Tax Return Preparers
This new program aims to recognize the efforts of non-credentialed return preparers who aspire to a higher level of professionalism. Meet the requirements by obtaining 18 hours of continuing education, including a six hour federal tax law refresher course with test, and you will receive an Annual Filing Season Program – Record of Completion from the IRS.
AFSP participants will also be included in a public database of return preparers scheduled to launch on the IRS website by January 2015. The Directory of Federal Tax Return Preparers with Credentials and Select Qualifications will include the name, city, state, zip code, and credentials of all attorneys, CPAs, enrolled agents, enrolled retirement plan agents and enrolled actuaries with a valid PTIN, as well as all AFSP – Record of Completion holders.
Review the general requirements for the AFSP – Record of Completion