NSA News

  • 12 Feb 2016 2:58 PM | Anonymous

    The IRS warned taxpayers again of continuing scams by criminals pretending to be agency personnel and using "aggressive and threatening phone calls" to get money from their targets.
     
    There is a deluge of these phone scams, Commissioner John Koskinen said in a Feb. 2 news release, but people shouldn't be fooled. "We continue to say if you are surprised to be hearing from us, then you're not hearing from us," he said.
     
    The IRS always will mail a bill before calling, the news release said, and it will never call to demand immediate payment, ask for credit or debit card numbers on the phone, bar an opportunity to question or appeal what it says is owed or threaten to bring in law enforcement.
     
    The phone tactics remain among the IRS's annual "Dirty Dozen" list of scams, the agency said. 

  • 12 Feb 2016 2:56 PM | Anonymous

    A group of plaintiffs contesting the IRS requirement that compensated tax return preparers both obtain and pay for a PTIN have been granted class certification for the portion of their case seeking declaratory relief (Steele v. United States, 2016 BL 35851, D.D.C., No. 1:14-cv-01523, 2/9/16).  The class now includes all individuals and entities who have paid an initial or renewal fee for a PTIN – including you.
     
    According to the February 9 opinion by U.S. District Court for the District of Columbia Judge Royce C. Lamberth, the plaintiff's argue that the IRS may only impose a fee that represents or confers a "service or thing of value" and that the PTIN does no such thing.  Lamberth ruled that this legal question applies equally to anyone who has paid for a PTIN and therefore he granted the request that the suit be considered as a class action. 
     
    The plaintiffs also argued that even if the IRS is authorized to impose the fee for a PTIN, the amount the IRS charges is excessive and therefore impermissible.

  • 17 Nov 2015 3:14 PM | Anonymous

    Alexandria, VA, November 17, 2015 – The National Society of Accountants (NSA) today delivered a strongly worded letter to the chairs and ranking members of the Appropriations Committees of the U.S. Senate and House of Representatives criticizing them for slashing the budget of the Internal Revenue Service by hundreds of millions of dollars.

    The House bill calls for an $838 million cut in 2016 from the 2015 budget of $10.9 billion, which is also $2.8 billion less than President Obama’s 2016 budget request. The Senate bill proposes a cut of $470 million.

    “Individual and small business taxpayers are being harmed by IRS budget cuts on a daily basis,” NSA Executive Vice President John Ams wrote in the letter. “They are desperate for the kind of help and guidance that only the IRS can provide but for which the agency has little or no budgeted funds.”

    He added that these cuts continue a multi-year trend of declining budgets for the IRS.

    The IRS Taxpayer Advocate found that in 2014, 35.6 percent of phone calls went unanswered by IRS customer service representatives and 50 percent of written correspondence was not handled in a timely manner.

    The NSA letter expressed support for a November 9 letter signed by five former IRS commissioners sent to these same Congressional leaders that said, ““We do not understand why anyone with present and projected debts and annual losses as large as those of the United States would refuse to pay for telephone assistance to people trying to fulfill their tax obligations, would turn their back on $8 billion annually in additional revenue, or would fail to make an investment that offers a return equal to at least four times the amount invested.”

    NSA President Kathy Hettick concluded the letter with the statement, “If you truly believe, as you state, that ‘we need the IRS to enforce tax laws, stop and prevent fraud, prepare forms and instruction, process refunds, collect revenue and assist taxpayers in complying with tax obligations,’ then the first step would be to develop a budget for the IRS that would actually provide the agency the means with which to do so.”

    The complete letter is available online at http://tinyurl.com/nsaletter. It will also be available on the NSA website at www.nsacct.org.

    # # #

    NSA and its affiliates represent more than 30,000 members who provide accounting, auditing, tax preparation, financial and estate planning, and management services to approximately 19 million individuals and business clients. Most members are sole practitioners or partners in small- to medium- size accounting firms. NSA protects the public by requiring its members to adhere to a strict code of ethics. For more information, visit
    www.nsacct.org.


  • 23 Jul 2015 12:31 PM | Anonymous

    Contact:  
    Al Rickard
    703-402-9713
    arickard@associationvision.com

    Tax Planning for LGBT Clients to be
    Addressed in New NSA Webinar

    ALEXANDRIA, VA, July 23, 2015 — On June 26, 2015 the Supreme Court of the United States ruled in Obergefell v. Hodges that all states must license marriages between two people of the same sex. This ruling came just two years after the historical ruling in United States v. Windsor, which struck down Section 3 of the Defense of Marriage Act.

    During the past two years, there has been a lot of confusion and frustration relating to tax and financial planning for LGBT clients. While the Obergefell ruling simplified this planning in many ways, there is still a lot to understand and learn with regard to providing tax and financial planning services to the LGBT community.

    That’s why the National Society of Accountants (NSA) developed a new webinar, “Post-Windsor & Obergefell Tax and Financial Planning Issues for LGBT Clients,” to update tax professionals on the latest tax laws in this area. It will be held July 28, 2015 from 2-4 p.m. Eastern Time.

    The webinar will be taught by Rosalind Sutch, CPA, MT, of Drucker & Scaccetti, who specializes in LGBT tax issues.

    IRS Revenue Ruling 2013-17 stated that the IRS will look to the laws of the state in which a couple was married to determine their federal marital status. Prior to these events no legally married same-gender couple could file jointly.

    This webinar will review the history of Windsor and Obergefell Cases and the progress of marriage equality in the United States and discuss the issues LGBT couples (married and not married) are facing from a tax perspective, including:

    • ·         The possible need for amended income tax returns
    • ·         How to recover payroll taxes
    • ·         State-level taxation issues for non-marriage equality states.

    It will also address economic and tax issues that should be considered when helping clients quantify the financial impact of marriage.

    The webinar is approved for continuing professional education (CPE) by the Internal Revenue Service (IRS), National Association of State Boards of Accountancy (NASBA), Accreditation Council for Accountancy and Taxation (ACAT) and California Tax Education Council (CTEC).

    The following webinars for tax and accounting professionals are scheduled to be held in June and July 2015:

    The registration fee is $65 for NSA members and $95 for non-members. For more information, visit webinars.nsacct.org. More information is also available by calling NSA at 800-966-6679.

    # # #

    NSA and its affiliates represent 30,000 members who provide accounting, auditing, tax preparation, financial and estate planning, and management services to approximately 19 million individuals and business clients. Most members are sole practitioners or partners in small- to medium-size accounting firms. NSA protects the public by requiring its members to adhere to a strict code of ethics and maintain an annual continuing education regimen. Learn more at www.nsacct.org.


  • 23 Jun 2015 1:35 PM | Anonymous

    FOR IMMEDIATE RELEASE

    Contact:     Al Rickard

                          703-402-9713

                          arickard@associationvision.com

    National Society of Accountants Upcoming

    ConnectED CPE Webinars for

    Tax and Accounting Professionals

    ALEXANDRIA, VA, June 23, 2015 — The National Society of Accountants (NSA) has announced the latest programs in its series of ConnectED Webinars, which are approved for continuing professional education (CPE) by the Internal Revenue Service (IRS), National Association of State Boards of Accountancy (NASBA), Accreditation Council for Accountancy and Taxation (ACAT) and California Tax Education Council (CTEC).

    The following webinars for tax and accounting professionals are scheduled to be held in June and July 2015:

    June 25, 2015

    Schedule D in the Real World

    The Schedule D got a major facelift a few years ago, along with the introduction of Form 8949. This webinar will cover various aspects of reporting the sale of capital assets on Schedule D including: When is the Schedule D required? When is Form 8949 required?  How do you read that Form 1099-B? How do you use Form 8949 “Adjustment Codes”? It will present scenarios and provide resources you need so you can be confident when you file the Schedule D and Form 8949 in the real world of your practice.

    NASBA CE: 1 Hour/Taxes
    IRS CE: 1 Hour/Federal Tax Law

    Presented by Kathy Hettick, EA, ABA, ATP and Gene Bell, EA, ATA, CFP

     

    July 9, 2015

    Alternative Minimum Tax for Individuals-Planning Issues

    The alternative minimum tax (AMT) continues to snare more and more individual taxpayers in its web each year. This webinar will address a variety of planning strategies that either help avoid the AMT or minimize its impact if the events causing the AMT have already occurred. A comprehensive case study is used to first introduce the nuances of the AMT computation and the related AMT credit.  This is followed by a discussion of key planning ideas.

    IRS CE: 2 Hours/Federal Tax Law
    NASBA CE: 2 Hours/Taxes

    Presented by John Everett and Cherie Hennig

     

    July 14, 2015

    Social Security: Basics to Maximizing Strategies

    This webinar about Social Security will cover information from the most basic to the most sophisticated. It will cover rules for worker benefits and others who can receive benefits, including divorced spouses; filing options before, at and after full retirement age; maximizing strategies; and how work affects payments and benefits. It will also offer other information about survivors, disability and Medicare

    NASBA CE: 1 Hour/Taxes 
    IRS CE: 1 Hour/Federal Tax Law

    Presented by James Pavletich

     

    July 16, 2015

    Preparing Ministers’s Taxes

    This session will cover the ins and outs of preparing this specialty niche client, considering such topics as proper treatment of housing allowance, self-employed vs. church employee, proper W2 preparation, estimated taxes, and other considerations.

    NASBA CPE: 2 Hours/Taxes
    IRS CE: 2 Hours/Federal Tax Law 

    Presented by Kay Mortimer, EA

     

    July 28, 2015

    Post-DOMA Tax Issues for LGBT Clients

    IRS Revenue Ruling 2013-17 stated that the IRS will look to the laws of the state in which a couple was married to determine their federal marital status. Prior to these events no legally married same-gender couple could file jointly. This webinar will discuss the issues LGBT couples (married and not married) are facing from a tax perspective, including the possible need for amended income tax returns, how to recover payroll taxes, and state level taxation issues for non-marriage equality states. We will also economic and tax issues that should be considered when helping clients quantify the financial impact of marriage.

    NASBA CPE: 2 Hours/Taxes
    IRS CE: 2 Hours/Federal Tax Law

    Presented by Rosalind Sutch, CPA, MT 

    All upcoming NSA ConnectED webinars start at 2:00 pm Eastern Time. One hour webinars are $35 for members and $65 for non-members. Two hour webinars are $65 for members and $95 for non-members. Order four or more live or archived webinars in one order and receive a 20 percent discount.

    A complete list of webinars can be found at webinars.nsacct.org, including a full lineup of recorded, on-demand CPE webinars that are available for purchase. More information is also available by calling NSA at 800-966-6679.

    # # #

    NSA and its affiliates represent 30,000 members who provide accounting, auditing, tax preparation, financial and estate planning, and management services to approximately 19 million individuals and business clients. Most members are sole practitioners or partners in small- to medium-size accounting firms. NSA protects the public by requiring its members to adhere to a strict code of ethics and maintain an annual continuing education regimen. Learn more at www.nsacct.org.


  • 16 Jun 2015 1:32 PM | Anonymous

    Contact:   Al Rickard

                     703-402-9713

                     arickard@associationvision.com

    NSA Proposes Tax Practitioners Bill of Rights

    Proposed $838 million cut in IRS funding drives new initiative

    ALEXANDRIA, VA, June 16, 2015 — In the wake of a proposed $838 million cut in funding for the Internal Revenue Service (IRS), the National Society of Accountants (NSA) has issued a “Tax Practitioners Bill of Rights.”

    NSA hopes this Bill of Rights, developed during the past few months, will establish timely enactment of tax laws and regulations and reasonable levels of IRS service for tax practitioners, who file 60 percent of the tax returns received by the IRS each year.

    The U.S. House of Representatives Appropriations Committee Financial Services and General Government Subcommittee voted June 11 to cut the IRS budget by $838 million (7.7 percent), continuing a multi-year decline in IRS funding.

    “The tax system is breaking down, and these funding cuts mandated by Congress are a big part of the problem,” said NSA President Marilyn Niwao, a CPA and attorney. “IRS customer service is at an all-time low, and tax practitioners cannot get timely responses from the IRS for questions we pose on behalf of our clients because the IRS cannot afford the staff it needs to answer the phones.”

    NSA Executive Vice President John Ams added, “The IRS also needs to change its procedures and respect the needs of taxpayers and tax practitioners. For example, the IRS has scheduled computer maintenance and downtime in the few days before returns are due. This has nothing to do with funding – it has to do with common sense.”

    NSA tax practitioners have also complained that IRS agents want to meet with them during March and April. Ams said, “Everyone, including IRS agents, knows that returns are due on April 15, so why not schedule something in May or June instead? Again, a lack of common sense.”

    “Congress has to enact tax legislation in a more timely manner,” Niwao said. “Last year, a tax bill was enacted on December 19, giving no one – not taxpayers, tax return preparers or the IRS – sufficient time to learn about the changes in the tax law, or even get tax forms out in time for the beginning of the tax filing season” Niwao added.

    “The entire tax system is built on Congress passing tax law and appropriating funding, the IRS implementing the law, and tax practitioners and taxpayers complying with the law,” Ams added. “But two-thirds of this system is broken – Congress is not appropriating enough money for the IRS to function properly and so the IRS is not able to do its job.” Niwao declared, “That’s why we need this Tax Practitioners Bill of Rights.”

    The IRS already has a Taxpayer Bill of Rights, but NSA officials note that this does not address the many challenges that tax practitioners face when preparing returns for the 60 percent of U.S. taxpayers who hire them to prepare their tax returns. Niwao stated that among the provisions in the IRS Taxpayer Bill of Rights are the right to be informed, the right to quality IRS service, and the right to not pay more than the correct amount of tax.

    “These so-called ‘rights’ are meaningless if a taxpayer’s representative cannot get the information needed from the IRS because Congress has not appropriated sufficient funds to allow the agency to function properly,” Niwao said.

    The NSA Tax Practitioners Bill of Rights includes the following:

    1.     THE RIGHT TO HAVE TAX LAWS AND RULES PASSED IN A TIMELY MANNER , INCLUDING:

    a.     The right to have tax laws affecting the current tax year enacted no later than September 1 of that year.

    b.     The right to have IRS forms reflecting any new tax laws for the current year available no later than October 1 of that year.

    2.     THE RIGHT TO QUALITY SERVICE FROM THE IRS, INCLUDING:

    a.     The right to have telephone calls answered within 15 minutes, on a practitioner-only hotline, staffed by competent/knowledgeable employees.

    b.     The right to have taxpayer correspondence answered within 20 days.

    c.     The right to have any collection action on the taxpayer’s account frozen while the IRS is considering a taxpayer’s timely filed response to IRS collection activity.

    d.     The right to have one IRS representative deal with a tax issue from start to finish until the issue is resolved.

    e.     The right to request a supervisor be involved in resolving a matter if the initiating IRS representative is unwilling or unable to resolve an issue.

    f.      The right for practitioners with Practitioner Tax Identification Numbers (PTINs) to communicate electronically with the IRS on taxpayer matters in a secure manner.

    3.     THE RIGHT TO PRACTICE WITHOUT UNDUE IRS DEMANDS DURING TAX FILING SEASON, INCLUDING:

    a.     The right to have an IRS audit moratorium during the three weeks immediately before major tax deadlines such as March 15, April 15, September 15, October 15 of each year.

    b.     The right to have an IRS moratorium on collection actions or collection information requests during the three weeks immediately before major tax deadlines such as March 15, April 15, September 15, October 15 of each year.

    c.     The right to have an IRS moratorium on planned software maintenance and computer downtime periods during the three weeks immediately before major tax deadlines such as March 15, April 15, September 15, October 15 of each year.

    “The continuing slowdown in IRS customer service due to ongoing budget cuts affects hundreds of millions of taxpayers who are voters and constituents in every state and Congressional district in the nation,” Ams explained. “What’s even worse is that the budget cuts actually cost the nation billions of dollars in lost tax revenue because the IRS doesn’t have the resources to enforce the tax law. This is the epitome of being penny-wise and pound-foolish.”

    For more information contact NSA at 800-966-6679 or members@nsacct.org. Learn more about NSA at www.nsacct.org.

    # # #

    NSA and its affiliates represent more than 30,000 practitioners who provide accounting, auditing, tax preparation, financial and estate planning, and management services to approximately 19 million individuals and business clients. Most members are sole practitioners or partners in small- to medium-size accounting firms. NSA protects the public by requiring its members to adhere to a strict code of ethics. For more information, visit www.nsacct.org.


  • 15 Jun 2015 1:07 PM | Anonymous

    FOR IMMEDIATE RELEASE

    Contact:        Al Rickard

                        703-402-9713

                        arickard@associationvision.com

    NSA Scholarship Foundation

    Announces 2015 Scholarship Winners

    Alexandria, VA, June 15, 2015 — A total of 39 students have earned scholarships from the National Society of Accountants (NSA) Scholarship Foundation. Together, they will receive $45,875 in scholarship awards.

    The Foundation has provided more than $1 million since 1969 to deserving undergraduate and graduate students who are committed to pursuing a career in accounting, helping to develop more qualified young accountants.

    The scholarships range from $500 - $2,000. Recipients were selected on the basis of an overall outstanding academic record, demonstrated leadership and participation in school and community activities, honors, work experience, stated goals and aspirations, and financial need.

    “The future of the accounting profession is critically important, and these scholarships will help ensure that we have highly qualified young people coming up through the ranks,” explains NSA Scholarship Foundation President Sharon Cook, EA, ABA, ATA, ATP, ARA, Saint Louis, MO.

    The 2015 scholarship recipients are listed below with their universities, the NSA Affiliated Organizations or the named scholarships that provided funding, and the amount of each scholarship:

    Catherine Acosta
    Florida International University
    Florida Society of Accounting & Tax Professionals: $500

    George Aldhizer
    Wake Forest University
    North Carolina Society of Accountants: $2,000

    Emily Babski
    Virginia Polytechnic Institute and State University
    $1,500

    Dominique Bauer
    Saint Leo University
    Florida Society of Accounting & Tax Professionals Peace River Chapter: $500

    Taylor Beach
    Montana State University-Billings
    Montana Society of Public Accountants: $775

    Alexander Brosseau
    Webster University
    Missouri Society of Accountants: $1,000

    Olivia Conaty
    Lee University
    Alabama Association of Accountants and Tax Preparers: $1,250

    Mark D'Annunzio
    Pennsylvania State University-Main Campus
    Milton Brown Award: $1,000

    Daniel Dunnigan
    Saint Bonaventure University
    New York Society of Independent Accountants: $1,000

    Lane Estes
    University of Central Oklahoma
    Oklahoma Society of Accountants: $1,000

    Nicole Files
    Lebanon Valley College
    Pennsylvania Society of Tax and Accounting Professionals: $1,000

    Shaylyn Goodall
    Gonzaga University
    Washington Association of Accountants: $2,000

    Rachel Gustafson
    University of Denver
    Public Accountants Society of Colorado: $1,000

    Christal Hall
    Washington State University
    Washington Association of Accountants: $2,000

    Jordan Hamada
    University of Oregon
    Oregon Association of Independent Accountants: $2,000

    Jordyn Herzog
    Carroll College
    Wisconsin Association of Accountants Southeast Chapter: $1,000

    Heidi Huff
    Central Virginia Community College
    Millard D. Ashley Memorial Award: $1,000

    Joseph Hunt
    Marywood University
    New Jersey Association of Public Accountants: $1,000

    Alexia Jentgen
    Brigham Young University
    Steven Desdier Memorial Award: $1,000

    Shay Johnson
    Athens State University
    Alabama Association of Accountants and Tax Preparers: $1,250

    Aaron Koehne
    Grand Canyon University
    Arizona Society of Practicing Accountants: $500

    Justin Korth
    University of Nebraska at Omaha
    Nebraska Society of Independent Accountants: $1,000

    Thao Le
    University of Phoenix-Southern Arizona Campus
    Arizona Society of Practicing Accountants: $2,000

    Shelby Lewis
    Upper Iowa University
    Accountants Association of Iowa: $1,000

    James Mastria
    Virginia Polytechnic Institute and State University
    Sager Award: $1,000

    Eric Mertens
    Missouri State University
    Independent Accountants Association of Illinois: $1,600

    Briana Moore
    Louisiana Technical College-Ruston Campus
    Louisiana Society of Independent Accountants: $500

    Katelyn Otradovec
    Concordia University-Wisconsin
    Wisconsin Association of Accountants: $500

    Juliana Polson
    University of Wisconsin-Superior
    Wisconsin Association of Accountants: $500

    Delaney Rader
    University of Arizona
    Arizona Society of Practicing Accountants: $1,000

    Jared Richter
    North Dakota State University-Main Campus
    North Dakota Society of Accountants: $1,000

    Dawn Schiller
    University of Wisconsin-Parkside
    Wisconsin Association of Accountants Southeast Chapter: $1,000

    Allison Smith
    Clarke College
    Accountants Association of Iowa: $1,000

    Ashlee Sutterfield
    Arkansas State University-Main Campus
    Arkansas Society of Accountants: $1,000

    Taryn Tenkley
    Whatcom Community College
    Washington Association of Accountants: $2,000

    Mary Tomlinson
    Harding University
    Ronny Woods Memorial Award: $1,000

    Gloria Wu
    University of Massachusetts Amherst
    $1,500

    Sherman L. Standberry of Georgia State University and Jessie Levno of Eastern Washington University also received renewals of the $2,000 NSA Stanley H. Stearman Award.

    To learn more about the NSA Scholarship Foundation program or to make contributions, visit www.nsacct.org/scholarships. The next window to apply for scholarships is January-March 2016.

    # # #

    NSA and its affiliates represent more than 30,000 practitioners who provide accounting, auditing, tax preparation, financial and estate planning, and management services to approximately 19 million individuals and business clients. Most members are sole practitioners or partners in small- to medium- size accounting firms. NSA protects the public by requiring its members to adhere to a strict code of ethics. For more information, visit www.nsacct.org.

     

    The National Society of Accountants (NSA) Scholarship Foundation is a 501(c)3 tax-exempt organization formed in response to NSA member commitment to education and the accounting profession. Through its national scholarship program, the Foundation encourages the next generation of accountants by providing financial assistance to college students majoring in accounting.  The Foundation also administers an Educational Grant Program which provides grant funding for the development or enhancement of educational programs, surveys, research and other education activities for those currently in the profession. The NSA Scholarship Foundation, a tax-exempt organization, relies on voluntary, tax-deductible contributions received from individuals, businesses and organizations to fund the activities necessary to sustain its programs.


  • 04 Jun 2015 10:22 AM | Anonymous

    FOR IMMEDIATE RELEASE

    Contact:   Al Rickard

                     703-402-9713

                     arickard@associationvision.com

    NSA Offers Live Enrolled Agent Exam Review Course

    ALEXANDRIA, VA, June 4, 2015 — The National Society of Accountants (NSA) is offering an intensive live NSA Enrolled Agent (EA) Exam Review Course August 7-9, 2015, in Minneapolis, MN. Designed to give tax professionals the best opportunity to pass the EA exam on the first try, the course provides in-depth review of all the key components of the exam.

    Enrolled Agents (EAs) are authorized to represent taxpayers before the IRS and tax professionals who hold the EA credential can command higher fees. They must pass a three-part IRS exam covering individual and business tax returns, adhere to ethical standards, and complete 72 hours of continuing education courses every three years.

    “When we offered this course last year, we received rave reviews from many attendees who said it delivered the knowledge they needed and motivated them to study even harder,” said NSA Executive Vice President John Ams. “We heard back later from many of them who successfully passed the exam and they credited the course as the key element in their preparation.”

    The NSA course includes 24 hours of review on the following dates and times:

    • ·         Friday, August 7: Part 1: Individuals
    • ·         Saturday, August 8: Part 2: Businesses
    • ·         Sunday, August 9: Part 2 continued (morning). Part 3 (afternoon): Representation, Practices and Procedures.

    The course will be taught by two leading experts:

    • ·         John O. Everett, CPA, Ph.D., Professor Emeritus of Accounting at Virginia Commonwealth University in Richmond, VA. His teaching specialty is federal taxation. Everett has authored or co-authored over 90 articles in academic and professional journals and is the coauthor of several textbooks, including CCH Practical Guide to Schedule M-3 Compliance, The HBJ Federal Tax Course, Income Tax Fundamentals, and Tax Planning with the Computer.
    • ·         Bill Duncan, CPA, Ph.D, Associate Professor of Accounting at Arizona State University. He was formerly a Director with Ernst & Young where he guided tax education for the firm. Duncan is the author or co-author of three textbooks and has published a number of articles on a variety of tax topics in publications including Taxes, The CPA Journal, and The Journal of the American Taxation Association. He has taught in the AICPA National Tax Education program for over 20 years.

    Detailed study notes will be provided for each topic, including figures and charts that prove the old adage that “. . . a picture is worth a thousand words.”

    Hundreds of past exam questions from the open-exam era and many more potential questions on newer topics are incorporated into the study notes and each is reviewed in class so the real exam itself will look like an old friend. Study tips, tricks and shortcuts are a staple of this course.

    Participants will also receive:

    • ·         The 3-Volume NSA Enrolled Agent Review Course in print in addition to the online and PDF versions.
    • ·         Detailed handouts, notes, examples, illustrations to follow the course step-by-step.
    • ·         18 (6 per part) detailed study lessons and review questions to help you master each section of the materials.
    • ·         Proven exam taking tips, tricks and strategy guides with tips for passing each part of the exam.
    • ·         Top 150 questions per part—essential questions on topics that you will absolutely need to master.
    • ·         Interactive online review and practice questions with explanations and analysis.
    • ·         Final Review Cards—super summaries for each part of the exam—the perfect last-minute memory-jogger to review immediately before the exam.
    • ·         Weekly study guide with detailed assignments and time allocations.
    • ·         Comprehensive study aids that summarize the tax law related to a particular subject. These aids should prove valuable in last-minute reviews prior to the exam.
    • ·         Access to an online EA study community to post your questions and comments, respond to other commenters, and interact with the presenters. Get access to even more sample questions and study tips.
    • ·         A complete sample EA exam to help students gauge their progress prior to taking the exam.

    The fees for the course are as follows:

    • ·         Complete course (all three parts): $625 for NSA members and $725 for nonmembers
    • ·         Part 1: $225 for NSA members and $275 for nonmembers
    • ·         Part 2: $349 for NSA members and $399 for nonmembers
    • ·         Part 3: $119 for NSA members and $169 for nonmembers

    For more information and to register, visit http://www.nsacct.org/eacourse or contact NSA at 800-966-6679 or members@nsacct.org. Learn more about NSA at www.nsacct.org.

    # # #

    NSA and its affiliates represent more than 30,000 members who provide accounting, auditing, tax preparation, financial and estate planning, and management services to approximately 19 million individuals and business clients. Most members are sole practitioners or partners in small- to medium- size accounting firms. NSA protects the public by requiring its members to adhere to a strict code of ethics. For more information, visit www.nsacct.org.


  • 10 Apr 2015 11:07 AM | Anonymous

    The IRS Office of Professional Responsibility named practitioners subject to recent disciplinary actions and the specific misconduct involved in each case in Announcement 2015-7.   

    The announcement, which was published in Internal Revenue Bulletin 2015-13, lists attorneys, certified public accountants, enrolled agents, enrolled actuaries, enrolled retirement plan agents, and appraisers—professionals subject to the rules of Circular 230—sanctioned by OPR, along with the effective dates of the disciplinary actions described.   

    OPR said disbarment or suspension from practice, censure and monetary penalties are among the sanctions to be imposed for violation of the rules.   

    NSA notes that Section 10.24 of Circular 230 precludes practitioners from knowingly accepting assistance from—or giving assistance to—any person who is under disbarment or suspension from practice before the Internal Revenue Service if the assistance relates to a matter or matters constituting practice before the Internal Revenue Service.   

    A copy of Announcement 2015-7 is available here


  • 10 Apr 2015 11:05 AM | Anonymous

    The American Institute of CPAs is appealing a district court that it lacked standing to sue the IRS about the IRS tax preparer program.  Of course, the underlying reason the suit was originally filed is the AICPA claim that the tax preparer program is hurting the accounting group's business by giving the impression that all tax preparers are equal. 

    The district court in October 2014 held that the AICPA lacked standing to bring the case and dismissed it under Federal Rule of Civil Procedure 12(b)(1). 

    In its brief filed this week in the U.S. Court of Appeals for the District of Columbia Circuit, the accounting group said the IRS's annual filing season program "harms its members by distorting the competitive marketplace," in addition to saddling them with new administrative tasks. 

    In its lawsuit, the accounting group focused on the fact that the IRS has said preparers who obtain a record of completion and are listed in an IRS directory "stand out from the competition because they will have a recognizable record of completion that they can show their clients," and that IRS Commissioner John Koskinen has said these preparers "will stand out from the competition." 

    The AICPA alleged that the program is invalid because the IRS lacks statutory authority to adopt it; because the IRS denied the public its notice and comment rights under the Administrative Procedures Act; and because the guidance related to it is arbitrary and capricious, including the fact that the IRS failed to consider "the important fact that the program will confuse consumers." 

    Although the program is presented as if it were voluntary, the AICPA said it is de facto mandatory in part because "preparers face overwhelming competitive incentives to comply with it to avoid losing business." 

    However, the court said the agency's competitive harm argument was without foundation and speculative, and that there is nothing inherently confusing about a new, voluntary designation that allows so-called unenrolled tax preparers—those without CPA, attorney or enrolled agent credentials—to distinguish themselves in relation to other unenrolled preparers. 


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