Tax Professionals, Here Are The 2020 Deadlines You Need To Keep Track
It’s tax season once again! For tax professionals, the next three to four months can be the busiest time of the year. Aside from meeting with both old and new clients, you need to gather your clients’ financial documents, start preparing income taxes and file prepared...
Tax Preparer Education Requirements
Thought that maybe the required continuing education hours might change this year? Well they have not. The requirements for 2016 continuing education are still here. I would say that, the hour requirement, if left to the last two weeks of the year, can be a bit...
Afternoon Feb. 13th – IRS Funding
So far this year, as of 4pm Eastern, the IRS has released almost no refunds. Current estimates are that the IRS has released refunds for fewer than 1% of returns filed in the first week of the e-file, and virtually no refunds from the second week. Many of the refunds...
Urgent Electronic Filing Center Information
The Electronic Filing Center stops sending E-files at 6pm EST on Friday November 20th. This includes 2014, 2013, and 2012 efiles The IRS shuts down at 11:59am Saturday November 21st Acks not retrieved by 11:59am Saturday November 21st will be unavailable until IRS...
Professional Tax Software ? When the IRS Sends Letters
We don’t always talk about professional tax software. Today is about your clients. Would your client know what to do if he/she received a letter from the IRS? Either way, this is helpful information for you to share with them. Initial concern: Is this letter authentic...
Professional Tax Software ? IRS Withheld FOIA Information
If you are not familiar with the Freedom of Information Act (FOIA), it is a law that gives you the right to access information from the federal government. It is often described as the law that keeps citizens in the know about their government. When a federal agency...
IRS Customer Service Angers Taxpayers
Part of our service of providing professional tax software is also providing you with information that will be helpful to your clients and prospective clients. Forbes reported that during the 2015 tax season approximately 83.2 million taxpayers contacted the IRS by...
Professional Tax Software ? Annual Filing Season Program
As it stands right now, the Annual Filing Season Program (AFSP) Certificate is not required. This could change based on what happens with the most recent proposal for the IRS and Finance House Committee to regulate all aspects of paid tax return preparers. Until that...