This will all start before the last part of the year 2010 and will be in effect for the filing of the 2010 income tax returns starting the first of January 2011 filing season.
Mandatory Tax Return Preparer Registration
• The IRS will require all individuals who are required to sign a federal tax
return as a paid tax return preparer to register and obtain a preparer tax
identification number. The IRS may charge a reasonable, nonrefundable
fee to register as a tax return preparer. The preparer tax identification
number will be the exclusive number used to identify any tax return
preparer submitting returns to the IRS;
• The IRS will study the impact and necessity of expanding this registration
requirement to nonsigning tax return preparers in the future;
• The IRS will make tax return preparer registration effective for three-year
periods and require tax return preparers to renew their registration every
three years.
II. Competency Examination Requirement
The IRS will establish competency testing for all paid tax return preparers
required to register with the IRS who are not attorneys, certified public
accountants or enrolled agents;
The IRS will require 15 hours of annual continuing professional education, including three hours of federal tax law updates, two hours of tax preparer ethics and 10 hours of federal tax law topics, for tax return preparers who are required to register;
Go to the IRS.gov web site and use the search box for Publication 4832 (Rev. 12-2009) IRS Commissioner's - Return Preparer Review
Click on the below Related Link
How can they help me get a grant to open up my business.
To open up a freight forwarding company, just like any business, one needs a comprehensive feasibility study. This will determine the market, place, price, and promotion necessary to start and operate a business.
Basically, they can't. All of the things needed to set up a business, a 10 year old either can't or won't get or do.
There is no particular degree that you need to open a business of your own. No you not have to have a Business administration degree to open a business but however there is other things that might need to be done before you can open a business
To obtain this degree you are required to get a business degree. Courses that make up this degree include economics and various accounting courses.
In short an experienced business tax attorney would be the way to go if you're planning on starting a small business. An experienced business tax attorney can find and get you excellent tax breaks and spot loopholes that an inexperienced attorney would not be able to do.
If one is wanting to open a guitar shop it does not appear to need a license in order to open. One would have to have a business plan, and finances to set up the company. There is some great information available on what is needed to set up a guitar shop on the "Small Business" website.
An optometrist and a non-optometrist can open up a business in North Carolina. Before a person opens up a business, they need to make sure that they get a business license.
There is actually a website that offers classes online for income tax filing for free. For more information on what all they offer go to http://www.thetaxcollege.com/
A tax attorney is usually not needed unless you are facing serious tax problems, are setting up a new business or have a large estate to manage.Tax attorneys are essential if the IRS requests an in person audit or are bringing criminal charges against you. If you know you have committed tax fraud it's also a good idea to get a tax attorney as soon as possible.
You have to start your own business
Tax refunds and tax credits provide funding for the business start-up and expansion by subtracting certain costs in the annual government tax bill of the business. Your company may make an application for tax refunds of past costs or receive tax credits on future projects. These regulations give a financial break that may release your business' income permitting further development and security.