IRS Update: PTIN Renewal and Fingerprinting Update

All Federal tax return preparers who registered last year are required to renew their PTINs for calendar year 2012 by December 31, 2011.

Renew your PTIN as follows:

1. Go to www.irs.gov/ptin and click on the "Renew or Sign Up Now" button.
2. Login to your PTIN account that you set up when you originally registered last year.
3. Complete the online renewal application.
4. Pay the 63.00 dollar renewal fee online via credit card or debit card.

Click here to continue reading the entire CrossLink Tax Update that includes information on PTIN renewal and fingerprinting requirements.

Proud to Partner with Insight Tax Solutions!

CrossLink is proud to partner with Insight Tax Solutions for the 2012 Tax Season.

Insight is a leading provider of financial solutions for the millions of overlooked consumers who lack a traditional bank account. Insight provides consumers with a broad spectrum of products and services that address the reality of their financial lives.

Insight combines a deep understanding of the tax prep industry with significant opportunities for you to increase revenues, while providing your customers the most options available at tax time.

For more information about Insight Tax Solutions, visit CrossLinkTax.com.

If you would like to apply for ERO Bank Enrollment with Insight Tax Solutions, contact your CrossLink Sales Representative today at 800.345.4337. Current CrossLink customers can also enroll online by clicking here.

Proud to Partner with Advent Financial!

Based in Kansas City, MO, with an additional support center in Tampa Bay, FL, Advent Financial is focused on providing the Independent Tax Preparer with high quality products for their clients, along with the service and support to improve their business. Their settlement products offer your clients an opportunity to not have to pay out of pocket for your services; Advent deducts and pays all appropriate fees from the client’s refund and distributes the net proceeds to your clients on settlement day in one of three ways: checks, ACH deposit, or by a year-round Get It prepaid MasterCard® issued at the tax desk, the easiest and fastest way for your client to receive their money.

They are a team of passionate individuals, with over 100 years combined experience in the e-File industry, who are committed to your success and to saving families money.

For more information about Advent Financial, visit CrossLinkTax.com.

If you would like to apply for ERO Bank Enrollment with Advent Financial, contact your CrossLink Sales Representative today at 800.345.4337. Current CrossLink customers can also enroll online by clicking here.

IRS UPDATE: IRS EITC Preparer Compliance Update

In a continuing effort to improve preparer due diligence requirements for preparers of EITC returns, the IRS will be requesting that additional information be attached to the return for the upcoming filing season. They will also be performing their yearly letter campaign, educational "Knock and Talk" visits, and due diligence audits for EITC preparers.

Starting with the upcoming filing season, the Form 8867 (Paid Preparers Earned Income Tax Credit Checklist) will be required to be attached and filed with a return that is completed by a paid preparer, and is claiming EITC.

Beginning this month (October 2011), EITC return preparers that have been identified as “at risk” for potentially filing TY 2010 returns with errors when claiming the Earned Income Tax Credit will receive either a letter, an educational visit, or be subject to a due diligence audit.

The IRS uses a risk-based scoring model to classify preparers of 2010 EITC returns.

Click here to continue reading the entire CrossLink Tax Update that includes information on the IRS EITC Preparer Compliance and what an EITC return preparer may be subject to.

Proud to Partner with SBTPG!

Building on a legacy of nearly 20 years of industry leadership and superior customer support, TPG, in cooperation with their banking partners, provides fairly priced quality financial products which deliver true value and satisfy consumers' needs.

TPG is a nationally known leader in the electronic filing industry. They provide quality financial products and services that will enhance your tax preparation and electronic filing business. Their portfolio of financial services and their commitment to superior customer support will meet your business needs now and in the future.

For more information about TPG, visit CrossLinkTax.com.

If you would like to apply for ERO Bank Enrollment with TPG, contact your CrossLink Sales Representative today at 800.345.4337. Current CrossLink customers can also enroll online by clicking here.