Tax Preparer Blog

UltimateTax Blog

Program Update 3/18/21

Program Update 3/18/21

Your Program should be updated to 35.04 Packages should be updated to the following: 1040 Indirect Ver 6 1120 "C" Corporation Ver 2 1120S "S"...

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Update ? Unemployment & Tax Due

Update ? Unemployment & Tax Due

UNEMPLOYMENT The prior guidance on using worksheet 7 to put the unemployment is it not what the IRS wants at this time. We have heard that other...

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Extensions

Extensions

If you are filing corporate returns with our desktop package, here are a few pointers: If you need to file an extension, here is our solution...

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Stimulus Payment

Stimulus Payment

This is information was provided from the IRS. IRS begins delivering third round of Economic Impact Payments to Americans WASHINGTON – The Internal...

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American Rescue Plan Act

American Rescue Plan Act

The American Rescue Plan was signed today. What does that mean to us preparing tax returns? Here is the bill full text. You can use the links in the...

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Per Return Billing Starts Now

Per Return Billing Starts Now

Product: PPR and 1040 Packages Just a reminder that we are going to start our billing process for 2020 returns. We actually held off our billing by...

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Tax Software Current Versions

Tax Software Current Versions

This applies to: Desktop Version Online users - If you use the Desktop Version for corporate returns. Please be sure to Update Program and Update...

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Recent Posts

How to Get an Extension From the IRS, NY: All You Need To Know!

We all know that filing taxes can be a stressful ordeal. With the hustle and bustle of everyday life, it's not uncommon to fall behind on your paperwork. Whether it's due to a change in your financial situation, a health issue, or simply an oversight, needing an...

What Is My EFIN Number and Application Summary?

As a tax professional, it's important to clearly understand your Electronic Filing Identification Number (EFIN) and application summary. Your EFIN is a unique number that identifies your business as an authorized e-file provider with the IRS. It's essential to have an...

Becoming a Tax Preparer in California: Requirements and Steps

As the tax season approaches, the importance of knowledgeable and skilled tax preparers cannot be overstated. The state of California, which boasts the fifth-largest economy in the world, has a unique tax code that can be intimidating for even the most experienced tax...