Tax News
TIME TO PREPARE FOR NEW E-FILE RULES
[October 2011]

WARNING! If you or your firm do not yet have Electronic Filing Identification numbers (EFNs), now the time to get started. You MUST have an EFN in order to comply with new e-file requirements for 2012.

Beginning in January of 2012, any paid preparer or firm that reasonably anticipates preparing and filing 11 or more Form 1040 series returns, Form 1041 returns, or a combination of Form 1040 series returns and Form 1041 returns generally must use IRS e-file, the agency said.

To become Authorized IRS e-file Providers, preparers must create an e-Services account, submit an EFIN application, and pass a suitability check. The approval process can take 45 days or more, IRS said. For a firm or an individual, only one EFIN is needed.

Observation: The IRS release that explains the process and has links to FAQs on the e-file mandate and the 3 phase sign up process can be viewed at: http://www.irs.gov/newsroom/article/0,,id=247190,00.html .

[IR 2011-100]

 

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2012 EARLy REGISTRATION
STARTS IN april

16 CPE Hours
(13.5 CLE Hours)

2 Hours of Ethics+

REGISTER EARLY
Save up to $175*

Early Registration begins APRIL 1st
and ends July 31st

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+CFPs will receive 8 hour of CE credit. None of those hours will be CFP ethics hours. Ohio attorneys must have taken Ohio's three-hour basic ethics course in order to receive ethics credit.
* Save $175 when compared to registering separately for both sessions after July 31st.

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Basics & Beyond, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site: www.nasba.org.