November 9, 2018
This is a reminder that the Tax Cuts and Jobs Act added the Head of Household filing status and the new credit for other dependents to the preparer due diligence requirements.
Therefore the 2018 Form 8867 (Preparer Due Diligence Checklist) has been revised as follows:
It is also important to note that the Section 6695 penalty amount for failure to comply with the preparer due diligence requirements has been increased to $520 for each of the applicable credits and the head of household filing status for 2018 returns. This could result in a $2,080 penalty per return if all the applicable credits are claimed, the head of household filing status is used and the IRS determines that the preparer did not follow their due diligence requirements.
2021 PTIN Renewal is Now Underway
October 21, 2020
Updated Publication 1345 is now available
October 6, 2020
Last Round of ITINs will expire at end of 2020
September 15, 2020
Update on IRS Efforts to Fight Tax Identity Theft
August 12, 2020
Reminder: Filing Deadline is July 15
July 7, 2020
Reminders of Filing Deadlines for 2019 Returns and 2020 2nd Estimated Payment
June 8, 2020