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  2. Circular 230 - Wikipedia

    en.wikipedia.org/wiki/Circular_230

    Circular 230 contains rules of conduct in preparing tax returns. [14] Persons preparing tax returns must not: Take a position on a tax return unless there is a realistic possibility of the position being sustained on its merits. Frivolous tax return positions are prohibited. Unreasonably delay prompt disposition of any matter before the IRS.

  3. Preparer Tax Identification Number - Wikipedia

    en.wikipedia.org/wiki/Preparer_Tax...

    The Preparer Tax Identification Number (PTIN) is an identification number that all paid tax return preparers must use on U.S. federal tax returns or claims for refund submitted to the Internal Revenue Service (IRS). Anyone who, for compensation, prepares all or substantially all of any federal tax return or claim for refund must obtain a PTIN ...

  4. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1] If an expense is not deductible, then Congress considers the cost to be a consumption expense. Section 162(a) requires six different elements in order to claim a deduction.

  5. The IRS is going after scammy firms pushing a small business ...

    www.aol.com/finance/irs-going-scammy-firms...

    The ERC is a legitimate tax credit established to help businesses with the cost of keeping staff employed during the pandemic, enacted by the Coronavirus Aid, Relief, and Economic Security Act, or ...

  6. All-events test - Wikipedia

    en.wikipedia.org/wiki/All-events_test

    The all-events test, under U.S. federal income tax law, is the requirement that all the events fixing an accrual-method taxpayer's right to receive income or incur expense must occur before the taxpayer can report an item of income or expense. [1]

  7. National Association of Tax Professionals - Wikipedia

    en.wikipedia.org/wiki/National_Association_of...

    The NATP publishes: TAXPRO Weekly – Each week members receive this e-mail with information about tax alerts and news briefs.; TAXPRO Monthly – A newsletter covering current events and exploring critical new developments in federal tax laws while providing explanations of tax laws and procedures, “how to” articles, and summaries of court cases and rulings.

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    related to: astps form 2848 and 8821 for business interest credit and expense on tax return