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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
Professional Tax Software & Service
For Growing Your Tax Preparation Business
Recent Posts
How Much Does Tax Software Cost? A Detailed Cost-Benefit Analysis for Businesses
Managing finances and ensuring compliance with tax regulations are vital aspects of running a successful business. As tax-filing becomes increasingly complex, businesses face the challenge of efficiently managing their taxes. This article explores the costs...
How to Get a PTIN: Requirements for Tax Return Preparers
As a tax preparer, obtaining a Preparer Tax Identification Number (PTIN) is a crucial step in establishing your credibility and compliance with the Internal Revenue Service (IRS). In this article, we will delve into the details of what a PTIN is, why it is necessary,...
The Pros and Cons of Professional Tax Preparation
Tax preparation is a critical aspect of managing one's finances and ensuring compliance with tax laws. Taxpayers often find themselves facing a dilemma: should they tackle their taxes themselves or hire a professional tax preparer? In this article, we will explore...
E-file Software for Tax Professionals in 2023
In today's digital era, the landscape of tax services is undergoing a significant transformation. The advent of electronic tax filing, facilitated by e-file software, has revolutionized tax practices for professionals. This article explores the increasing importance...
Retrieve Your Identity Protection PIN (IP PIN)
Protecting your identity during tax-filing season is of paramount importance. One crucial piece of information that plays a vital role in safeguarding your personal data is the Identity Protection PIN (IP PIN). In this article, we will delve into the significance of...