Drake vs. Ultimatetax UltimateTax: In Search of the Best Professional Tax Software
Your company’s success is dependent on the use of reliable tax preparation software. You want tax software that won’t break the bank, won’t require a tax preparation expert to master, and will help you submit individual and business tax returns...
The Best Bank Products for Tax Professionals
Bank products are client solutions that all tax offices should offer. This benefits the tax office so that you can get paid for your services. They benefit clients as well since you offer a solution for your clients to not pay when they have you do their tax returns....
Understanding Tax Software with Bank Products
As a tax preparer, you may have noticed that some professional tax software products support bank products. Should this feature affect your decision of which tax software subscription to get? How important are bank products? What are bank products? To put it simply,...
Is It Time to Upgrade Your Tax Software Package?
When deciding to renew your tax software, you will want to ask yourself one important question. Should you upgrade your tax software package? As you consider this question, you will want to reflect on your needs for the coming tax season. Do you expect your business...
What Is a Refund Transfer?
The refund transfer is a deposit product that allows clients to settle their preparation fees or accounting fees without making an upfront payment. Instead of paying you directly for services, the clients agree to have your fee deducted from their tax refund. A refund...
8839 Qualified Adoption Expenses
We are aware of an issue with the IRS schema concerning the maximum adoption credit allowed on Form 8839 Qualified Adoption Expenses. Per the form and instructions, the maximum allowable credit is $14,440; however, the IRS schema has this value set as $14,400. Any...
State and Module Release Dates
We have published a solution article to are module and state release dates. This article will be updated around 11am central.  This article is the latest information we have available to publish. Form Readiness
CA e-File – Resolved
[UPDATE] – as of 2/2/22 this is resolved. We have identified a minor issue with the State of California eFiles returns. We expect a fix by end of day on Tuesday, February 1, 2022. Please hold on efiling CA State returns until a resolution is announced. If...