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...
Efile Start Date for 2021 Returns
We are announcing that the IRS will be accepting 2021 returns starting on Monday January 24, 2022. As expected the IRS will begin accepting returns for the 2021 season about the normal time they do each year. As with any start date, we anticipate the first day to be...
Start a Tax Preparation Business Now
The 2022 tax season will begin less than a month from now. If you are going to set up your own tax practice, now is the time to do it! But how do you start a tax preparation business? You’ve done your research, you’ve made a plan… what more do you need to...
Pre Ack Loans Available Now
If you have applied for bank products and pre ack loans, they are available now. In our online program, the forms are now available. No updates are required. If you have our desktop program you will have to update your program and get module updates. Program Update:...
IRS Child Tax Credit Payments – Letter 6419
The IRS will be sending taxpayers who received Advanced Child Tax credit payment/s in 2021, the letter will be sent out January 2022, Notice 6419. This letter will show the total amount of payments received. The client can also see their payments in their CTCUp...
EFC Shut Down
IRS has announced its MeF (e-file) shutdown and cutover for Tax Year 2021. To ensure that all business tax returns e-filed through the MeF system are processed in a timely manner, submissions must occur before IRS shuts down the system on Sunday, December 26, 2021, at...