Stimulus Payment
This is information was provided from the IRS. IRS begins delivering third round of Economic Impact Payments to Americans WASHINGTON – The Internal Revenue Service announced today that the third round of Economic Impact Payments will begin reaching Americans over the...
American Rescue Plan Act
The American Rescue Plan was signed today. What does that mean to us preparing tax returns? Here is the bill full text. You can use the links in the site to go to sections. https://www.congress.gov/bill/117th-congress/house-bill/1319/text Included is the unemployment...
Tax Software Current Versions 35.03
This applies to – Desktop Version Please be sure to Update Program and Update your Modules. On the desktop version you have to get Acks to have the most recent version of the tax return. You can click Get Acks & Forms as much as you would like through out...
[Update] ? Software Online Acks
This evening the program was updated so that the current status of acknowledgements have been posted to your accounts. We apologize for any inconvenience this may have caused you. We do appreciate your patience over the last couple of days. At this point the returns...
Per Return Billing Starts Now
Product: PPR and 1040 Packages Just a reminder that we are going to start our billing process for 2020 returns. We actually held off our billing by a couple weeks due to the late start of the season. If you have billable items, you will receive an invoice today or...
Tax Software Current Versions
This applies to: Desktop Version Online users – If you use the Desktop Version for corporate returns. Please be sure to Update Program and Update your Modules. On the desktop version you have to get Acks to have the most recent version of the tax return. You can...
1099R – 10% Penalty – 3 Year Averaging
We have gotten a few questions with the tax code change this year. (There are many.) Cashed out Retirement they receive a 1099R. They can avoid the 10% penalty if they took the money out because of the pandemic. Also they can choose to average the tax treatment over...
Tax Software Update
We are just a couple days away from the IRS opening e-file for everyone. Though you may have started seeing acks yesterday. The IRS is Hub testing now. Acks will be slow in coming. Pre-Acks are now just regular advances now. You must get an IRS ack before you can get...