Information for Tax Return Preparers

Treasury Tipped Occupation Codes (TTOC)

For the purposes of the No Tax on Tips deduction on Schedule 1-A, the taxpayer must work in an occupation that customarily receives tips.

How is professional gambling reported?

When preparing the individual income tax return for an individual who is self-employed as a professional gambler, report their winnings, losses, and expenses on Schedule C.

Restricted Stock Units and Stock Options

A restricted stock unit, or RSU, is a form of nonqualified deferred compensation, a promise to pay an employee in stock sometime in the future.

Material Participation

For purposes of the passive activity rules, the IRS has seven tests to determine if a taxpayer materially participated in the operation of a trade or business activity.

2026 IRS Nationwide Tax Forums

The IRS Nationwide Tax Forum is the marquee IRS outreach event to the tax professional community.

2025 IRS Nationwide Tax Forums

The IRS Nationwide Tax Forum is the marquee IRS outreach event to the tax professional community.

Filing Season 2025: IRS Reject Code R0000-225 before February 2, 2025

Reject Code R0000-225 This submission contains a form or schedule that is not currently supported for electronic filing.

Can I mask the PTIN on a tax return?

At the end of every tax and information return that can be prepared in Tax Processors Plus (Forms 1040, 1040-SR, 1040-SS, 1040-NR, 1041, 1065, 1120, 1120-S, 706, and 709) is a section labeled "Paid Preparer Use Only".

IRS Form 1139 - Corporation Application for Tentative Refund

IRS Form 1139 is not filed with the corporation's income tax return.

Verifying Your EFIN e-File Application Information

The IRS requires software providers to validate the EFINs of EROs who will be transmitting returns electronically using their software.

Can the EFIN Be Prevented From Printing on Form 8879?

The IRS assigns an EFIN to an individual or firm that is an approved electronic return originator.

What is IRS notice CP503?

The IRS will send notice CP503 when a taxpayer has an unpaid balance of tax owed for the indicated tax year.

Form CCC-1099-G: What is this form?

A farmer may receive payments from the Farm Service Agency (FSA) reported on Form CCC-1099-G.

Foreign Currency Conversion

When converting foreign currency to US Dollars, you will generally use the prevailing exchange rate, i.e., the spot rate, when the taxpayer received the income.

In 2021, the IRS Will Send Recovery Rebate Credit Letters to Some Taxpayers

The IRS announced that they will begin sending letters to taxpayers who claimed the Recovery Rebate Credit (RRC) on their 2020 tax return and may be getting a different amount than expected.

American Rescue Plan Act of 2021

The act makes the first $10,200 in unemployment benefits tax-free on the 2020 tax return.

The Engagement Letter

In a tax preparation business, an engagement letter communicates, from the tax preparer's perspective, the work the preparer will do as well as what they won't do and the terms and conditions of performing that work.

2020 Federal Tax Rate Schedules

The following tables list the 2020 federal marginal tax rates along with the 2019 rates for comparison.

Uncollected Tax Reported in Form W-2 Box 12

IRS Publication 4557 - Safeguarding Taxpayer Data

The Federal Trade Commission has developed specific processes and best practices for tax preparers, data processors, their affiliates, and service providers who are significantly involved in providing products or services.

E-Services Tax Return Transcript Delivery Service

e-Services is a suite of web-based tools that allow tax professionals and payers to complete certain transactions online with the IRS.

IRS Direct Pay Now Available on IRS.gov

Let your clients know they can now pay their tax bills directly from their checking or savings accounts using IRS Direct Pay .

States With Special Transmission Fee Laws

Legislation in each of these states also specifies other obligations on tax preparers regarding disclosures and notices to their clients.

Credit Card Payments on Amount Due Returns

The IRS offers several alternatives to paying taxes by check, money order or direct debit.

Foreign Country Codes