E-file Shut down for 2022 for Years 2019-2021
Last Day to e-File – November 22, 2022 IRS has announced its MeF (e-file) shutdown and cutover for Tax Year 2021. To ensure that all Form 1040 tax returns e-filed through the MeF system are processed promptly, submissions must occur before IRS shuts down the...
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...
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...
6 Skills That Every Tax Preparer Should Have
Tax preparation is a good choice of business for a motivated entrepreneur. You can be successful without too great of an investment! You can run a tax preparation business as a sole proprietor and even do it from a home office, if you choose. But if you want to...
IRS Common Mistakes – 2022
UltimateTax is Reposting a good email from the IRS: Common tax return mistakes that can cost taxpayers Tax laws are complicated but the most common tax return errors are surprisingly simple. Many mistakes can be avoided by filing electronically. Tax software does the...