February 2012                      Newsletter                       Issue No. 1019
Platinum Professional Services

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In This Issue
Important Updates for Tax Preparer
Notary Public Tidbits
CPA Tidbits
Platinum Promo!
and two



We hope your tax season is going smoothly. 

We are pleased to announce that we have been approved by the IRS to offer the 15 hour continuing education course.  Remember, you must complete 15 hours of continuing education annually once you obtain a PTIN, even if you are waiting to be tested.  

We are so excited about our approval that we are offering the 15 hour IRS cpe course to our customers for 15 dollars. Please use promo code 15 when checking out to receive this amazing offer.  Please see below for more details.

We have also included some tax updates please read below for more information especially in regards to the new form 1099-k. 

Lastly, as I mentioned in the last newsletter, have you ever thought of adding a tax school to your tax preparation service?  Platinum is now offering two ways for you to do so.  The first one is if you have a website you can add a link to your website to Platinum's website and you can become an affiliate of Platinums and receive a referral fee for each course purchased.  The second way, if you have multiple offices with at least a staff of 100, we can design a tax school website using your existing website's template.  If you are interested, please contact me directly.

Lauren Zago                                                           
Platinum Professional Services

Latest News

Important Updates for Tax Preparers 


Platinum Professional ServicesThe 1099-K is a new IRS information return for reporting electronic financial transactions to improve voluntary tax compliance. You should get a 1099-K by the end of January 2012 if, in 2011 you received payments from:

  • merchant card transactions (e.g., debit or credit cards) OR,  
  • in settlement of third party payment networks (e.g., PayPal or Google Checkout) at or above our minimum reporting thresholds
    -gross payments that exceed $20,000, AND
    -more than 200 such transactions.

The Internal Revenue Service has increased its forecasts for the number of information-reporting forms it expects to receive this year and in subsequent years as a result of increased reporting requirements. For more information check out our blog.


The Internal Revenue Service and the Justice Department announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft.


For more information check out our blog.  








Latest News

Notary Public



Beware Difference between 'Notario' and 'Notary Public'


In others, this title denotes someone who holds public office.  In the United States, however, a notary is simply someone legally empowered to witness and certify documents and take affidavits and depositions. 





CPA Tidbits

CPA Trendlines Post: NEW SURVEY RESULTS: Busy Season Prices Heading Up 4.1%

Their survey shows that overall, CPA firms are starting to increase fees a bit more in 2012.  Some holding stable.  Some increasing a bit.  Some increasing fees for problem clients.  Overall though, a 4.1% increase.  Average increases in 2010 were reported at 3.2%.

Their survey also shows CPAs are expecting a better busy season in 2012 than 2011. 






Referral Rewards 

Platinum Promo!


Special Offer; 15 cpe hours for 15 dollars. This promo is only available until July 31st, 2012. Offer only applies to the IRS RTRP 15 Hour CE Tax Course - The Personal Tax Return (ready  February 29th).


Please use promo code 15 for the IRS RTRP 15 Hour CE Tax Course - The Personal Tax Return.  


Please contact Platinum Professional Services at 877 315-1772 or email us at admin@platinumprostudies.com if you have any questions.


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