WASHINGTON, DC (December 8, 2011)—The National Association of Enrolled Agents (NAEA) today presented testimony at a public hearing meeting held by IRS to gather feedback on how to implement a more “real time,” or upfront matching of tax returns. The proposed system would allow IRS to match information on a taxpayer’s return with information filed by third parties, such as mortgage holders and employers, when the return is first filed.
Washington, DC — (August 16, 2011) The National Association of Enrolled Agents (NAEA) has honored seven people with special awards. The winners were announced on Au
gust 9 during the annual awards ceremony at the 2011 NAEA National Conference in Las Vegas, which boasted a record number of attendees. The awardees were nominated by their peers, based on unique standards for each award.
WASHINGTON, DC (July 28, 2011)—The National Association of Enrolled Agents (NAEA) today presented testimony at a hearing before the House Ways and Means Committee Subcommittee on Oversight. The focus of the hearing was to review the new requirements for paid tax return preparers developed by IRS as part of its effort to set standards for the return preparation industry and to assess the program's progress. The subcommittee also solicited comment on the affect this new program will have on the tax return preparer community and taxpayers.
Washington, DC (July 27, 2011) -- The generous residential energy credit offered by IRS in 2009 and 2010 is no more. The maximum credit of $1500 has dropped to $500 for installation of energy savers in existing primary residences in 2011.
"Since no one knows whether or not there will be any credit at all to be claimed on many energy saving items in 2012, now could be the best time to move ahead with changes you've been considering to make your house more energy efficient," said Helen O'Planick, EA an enrolled agent in Manchester, PA.
Washington, DC (July 19, 2011) -- No one likes surprises at tax time, especially the kind that reduce their tax refund or require them to write a check to the IRS. That's why now is a good time to review your 2011 tax situation to make sure there are no surprises when you file your taxes next year.