Professional Tax Software – Annual Filing Season Program

As it stands right now, the Annual Filing Season Program (AFSP) Certificate is not required. This could change based on what happens with the most recent proposal for the IRS and Finance House Committee to regulate all aspects of paid tax return preparers. Until that is settled, the AFSP is still voluntary. For more information, check out professional tax software from Ultimatetax.com.

On Jan. 1, 2016 the updated representation rights of return preparers will take effect.t

Attorneys, CPAs, and enrolled agents will still be the only tax professionals with unlimited representation rights. This means that they can represent their clients for any case including appeals, audits, payment and collection issues.

Anyone who completes the Annual Filing Season Program will have limited representation rights. This means they can represent their clients if they prepared and signed their returns before revenue agents, customer service representatives, and similar IRS employees which includes the Taxpayer Advocate Service.

Anyone with a PTIN who does not complete the Annual Filling Season Program (and is not exempt) will be permitted to prepare tax returns only. Any returns that have been prepared and signed after December 31, 2015 does not allow client representation before the IRS.

The IRS explains it as “The AFSP aims to recognize the efforts of non-credentialed return preparers who aspire to a higher level of professionalism.”

Looking to get your AFSP Certificate?

Below are the requirements needed to obtain your AFSP Certificate for tax year 2015. Please note that these requirements have changed from the 2014 filing season.

  • 1st – Complete an Annual Federal Tax refresher (AFTR) course. This must be completed by December 31, 2015.
    This is a six-hour course that will cover filing season issues, tax law updates and will be followed by a knowledge-based comprehension test consisting of 100 questions minimum. To pass, you must get 70% of the answers correct in 3 hours or less.
  • 2nd – Earn the required continuing education (CE) credits per the table here . Choose from one of the IRS approved CE providers listed here.
    Continuing education consists of ten hours of federal tax law topics and two hours of ethics.
  • 3rd – Consent to the 44 page Treasury Department Circular No.230 obligations – Regulations Governing Practice before the Internal Revenue Service.
  • 4th – The final step is renewing your PTIN for tax year 2015. Enrollment begins in October, the start date should be announced soon.
  • After all these steps have been completed and processed, you will then be added to the Directory of Federal Tax Return Preparers. Taxpayers will be able to search this database containing all of your information including name, city, state and zip code.
  • Ultimate Tax Service, Inc. is a professional tax software provider. We provide this information as a service to our clients and friends. The information we post is for your viewing and knowledge pleasure. We take all information we post seriously and stand behind what we post. However, information we post is not meant to be used as your sole position in tax cases.

Continue Reading →

Paranych are the real estate experts in Edmonton

Are you trying to figure out how much your Edmonton real estate is worth? With the Terry Paranych real estate team based in Edmonton you can eliminate any surprise and find out exactly what your house is worth with a free home evaluation! Getting the price of your home just right is a critical first step for selling real estate in today’s Edmonton property market. Getting a professional home evaluation will always be key when determining the potential market in Edmonton for your real estate, it also helps your local realtor sell your home by providing data which crucial to understanding whether the time right now is a buyer’s or a seller’s market. With an data driven market evaluation of your home you will be able to sell your place even faster and just as importantly – for a much better price too! For Edmonton real estate visit Paranych.com.

Professional flippers use the same metric to determine whether or not to invest and now we bring the same level of expertize direct to you. So whether your house would be classed as a “fixer-upper” or move in ready with our help you can discover the true value of your home. Why not put such a powerful and useful tool to use for you? Use our free home evaluation to find out what your home could actually sell for. Knowing an expected sale price also helps you start planning on what to do with all of equity you’ve gained. Is it a few thousand or a hundred thousand? Will you reinvest in another property? Upsize or downsize? You may decide to pay off debt or perhaps go on that dream vacation you always wanted? Knowing what to expect can give so much piece of mind! And you can also compare your property value with that of similar Edmonton real estate currently for sale.

Selling a Property? Take Charge of Your Sale

We live in the City of Champions, so let us be your champion. We know that buying and selling any property – from tiny apartments to huge estates – can put a lot of strain on a person. Why put yourself through what could take months with someone else when we can guarantee a sale within a month? Say yes to that new piece of paradise without worrying about whether or not you have parted with your previous one! We make selling a home easy and whisk your worries away! Our innovative guarantee ensures your Edmonton home will be sold in 30 days… or we’ll buy it! Take the stress out of selling your home with our 30 Day Guaranteed Home Sale Program, and know that you’ll always be able to move forward—no matter what. It pays to deal with a winning team. Talk about a no lose situation!

Make Sure You Enjoy Your Visit To The US And Canada

USA esta travel visaThis week we want to think about travel, and showcase the many great reason’s for visiting the USA and Canada. There are so many reasons for you to visit Canada or the United States such as you can visit all the different amusement parks or go sightseeing, you can even do some amazing activities such as kayaking and rafting or hiking; these are great places for family holidays that are extra special. Just a few of the things that you could do in the US include visiting the Statue of Liberty, going to the universal islands of adventure and visiting Alcatraz Island. Then some of the places in Canada you could visit would include La Ronde which is the six flags amusement park, Georgian Bay and the Canadian Rockies. These are great places to go sightseeing and ride all the different rollercoaster’s. The best thing is that you’ll never be bored because there’s so much to do.

 

You could go to Smoky Mountain Outdoors in the US; this is a mixture of rafting and kayak excursions on the pigeon river during the warm season; although this does rely upon the water flow condition. They have friendly and helpful staff that is very easy to talk to, so you don’t have to worry about being nervous. You have the choice of upper or lower pigeon rafting or even upper pigeon extreme.  You can even hike and paddle or choose the zip line and rafting combo. You could also visit the Wizarding World of Harry Potter especially if you’re a big Harry Potter fan, which has some amazing rides in the Islands of Adventure and the Universal Studios Florida. At the Royal Tyrell’s museum of paleontology you can view the collection of more than 130,000 fossils. They also have interactive exhibits to make things more fun for younger ones and lots of skeletal models, this means you can see lots of different prehistoric creatures; to make it even better it’s very informative and knowledgeable so it’s fun and educational. Canada’s wonderland is a shocking 330 acre theme park; some of its fantastic rides would have to include flight deck, dragon fire and vortex.

 

Now there is also the USA ESTA which is part of the visa waiver program. This is valid for 2 years or until your passport runs out. Canada have now started with an electronic travel authorization, the Canada ETA -this is valid 5 years or until your passport runs out and can be used as much as you want whilst it’s valid. This is generally improved immediately to avoid any inconvenience. To apply all you need to do is fill in a form online and submit a payment. This then needs to be printed ready for boarding your flight.

 

Greater Manchester Businesses showing the way to success

Business group meeting portrait - Five business people working together. A diverse work group.

It looks like a good time for business in the Greater Manchester Area. With the success of companies like Danbro, Fircroft, ATG Access, EMac, and about fifty other companies whose position is looking quite good in the market, it is a very motivating time for rising Manchesterbusinesses.

2015 saw the quickest growth of about 50 businesses that were inaugurated only in 2014. Apart from those already mentioned, companies that come in the list of these fastest developing businesses include Aqua Fabrications Limited, Assist FM, AIG Projects Limited, Crawford Healthcare, and Cheshire Holdings Limited.

These are the businesses which have faced the financial crises at the beginning of the business, and still came out victors. These are the companies that are run by people who know how to keep working hard persistently. These are Manchester businesses run by people with a plan. More examples of such companies from the success list of 2015 include JDS Trucks, Massey Feeds, and Eaves Machining Limited.

fl-business-events-0228-20160225

Concentrated in the Greater Manchester Area, each of these businesses has grown its turnover despite the economic situation of the recent years. Companies like Datum Monitoring Service, Flameproofings Limited, Heaton’s Truck Group Limited, Buckhurst Group Limited, and CVS Limited have all reached the level of success where these businesses are an epitome of success in the new fast-pace world of quick turnouts.

These are the Manchester businesses that have acted as a catalyst in the entrepreneurship business, and also acted as a motivation for old and growing businesses. AMR Textiles Limited, Globaltex Limited, Oliver Twinsafe, Oliver Valves, Oliver ValveTek, and Mobica, are all companies that had started out in the Greater Manchester Area and are now expanding.

The success of companies like 1879 Holdings Limited, MPM Products, the WPI Group, Trilanco Limited, and Money Advice Group, has demonstrated the potential of the Greater Manchester Area and set up new standards for the level of determination, and quality of service, for the whole area.

Gen-X IT, Exchequer Solutions, Steadfast Engineering Company Limited, TuscorLlyods Limited, and the likes have grown to be internationally or nationally acclaimed businesses which portray the diversity that emerges just from this Greater Manchester Area alone. These Manchester businesses have set the bars high for any new business in the field to catch up.business-events1

Woodall Nicholson to Standwalk, J-Greenwood Builders Limited to Walter Forshaw Limited, PayStream to Sense Network Limited, all these businesses show the variety of niches the Greater Manchester Area has mastered. You will find everything you need from all these businesses put together. These businesses are not typecast. This is why these Manchesterbusinesses are successful.

Seemed Healthcare Limited, Morbaine, Multiplastics Limited, LSE Retail Group Limited, MultiStar Container Transport, O’Connor Utilities Limited, Walton Summit Truck Centre Limited, and such others take care of every household and every major business related to household products and services. Other Manchesterbusinesses like SAT Business Travel Management, Tandom Metallurgical Group Limited, Taziker Industrial Group Limited, Kin-Tec Holdings, and the 1st Stop Group Limited take care of the corporate and bigger business front.