Leaderboard

It only matters on the year that your license ends. Two days ago, while renewing my PTIN, I saw that I have to renew my license in March 2023, which I completely forgot. I panicked because this year I had only 18 credits. In my head, I said... "I am short if every year I have don't the minimum requirement". Luckily, on that website they have my CPE credits and I had a lot in one year so I had exactly 72 credits. I am happy you noticed it now because 48 hours later, it would be too late. Everybody, please double check if your license expires in March, so you still have time to pass the CPE exams.

Yesterday, I received my IRS Annual Filing Season Program Certificate of Completion from the PTIN Website. We are already set to start and ready to go.

Oregon requires 30 Hours every year with an annual renewal . Oregon doesn't allow carryover hours so it easy to add up your hours. Oregon License renews on May 31st so I end up doing about half of my hours in May.

The IRS hasn't announced yet. They just announced biz e-filing for 12 January, and that's been as early as the 1st week, has the shortest shut-down. A wild guess would put 1040 e-filing at least a week later. I have seen professional organizations guess 20 January and even 28 January. Maybe IRS is holding its breath to see if any more laws are voted on! You'll see the date in all your tax newsletters the minute it's announced.

Nevada has a rolling 2 year calendar year certification. I actually noticed it 2 days ago and have been working on the course I found. But I can only do so much before my brain explodes.

I don’t think it would be hobby expenses but gambling losses.

It's interesting how the IRS trails the changes in gas prices. I remember paying $5.65 per gallon in the second week of June. Today I paid $3.79 per gallon. On the other hand, Auto Insurance Premiums are rising and the cost of auto repairs have really gone up!

Since hobby expenses are not currently allowed, it makes sense that the taxpayer insists on Schedule C. As his preparer, I would be inclined to report it as a hobby.

In early November, I figured how much CPE I needed for the year. And proceeded to get that much CPE. But when renewing my license…I’m 14 hours short. Can I no longer subtract? Should I be doing taxes? so anyways, I’m working on completing a self study course by tomorrow. I hate self study because I’m a great procrastinator. Oh well, back to the grind…