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 system on...
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 faster. We compared...
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 already...
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...
Recent Posts
How do I get an IP PIN from the IRS?
In today's increasingly digital world, protecting personal information is of utmost importance, especially regarding financial and tax-related matters. The Internal Revenue Service (IRS) has implemented an effective tool known as an Identity Protection Personal...
Why Is It Necessary to Have a W-2 or 1099 Form When Using Tax Preparation Software?
Tax documentation plays a crucial role in the tax filing process, ensuring accurate reporting and compliance with tax laws. Tax preparation software has gained popularity in recent years for its convenience and efficiency. However, when using tax preparation software,...
Can I Get an EFIN with Bad Credit? A Comprehensive Guide to Application
In the ever-evolving world of tax preparation, the Electronic Filing Identification Number has become an essential tool for tax professionals. With an EFIN, tax preparers can electronically file tax returns on behalf of their clients, streamlining the process and...
Small Business Tax Preparation Checklist: Simplifying Your Tax Management
Effective tax preparation is essential for small businesses, offering long-term benefits and ensuring compliance with tax laws. In this comprehensive guide, we will discuss the key steps involved in small business tax preparation. From understanding your tax...
What Do You Need to Be a Tax Preparer? Essential Qualities and Top Traits
In today's ever-changing economic landscape, taxes are becoming increasingly complex and challenging to navigate. As individuals and businesses struggle to decipher the intricate tax codes and regulations, the demand for tax preparers has surged. To succeed as a tax...