Tax Preparer Blog

UltimateTax Blog

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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
Tax Software Update

Tax Software Update

We are just a couple days away from the IRS opening e-file for everyone. Though you may have started seeing acks yesterday. The IRS is Hub testing...

read more

Recent Posts

The Essential Guide to Bank Products for Tax Preparers

As a tax preparer, it's essential to keep up-to-date with the latest banking products available to your clients. Not only will it help streamline your job and improve efficiency, but it can also provide a range of benefits for your clients.  From direct deposit to...

Best Tax Software for Accountants in 2023

As we usher in yet another tax season, tax software has become an indispensable tool for accountants in facilitating efficient and accurate tax preparations. In today's fast-paced world, where clients demand quick and reliable financial solutions, a good tax software...

Here’s How to Opt-Out of the Child Tax Credit Payments

As part of the recently signed American Rescue Plan, major changes were made to the Child Tax Credit (CTC). For the 2021 tax year, families will have the option to receive advance payments of up to $300 per child, per month, starting in July.  These payments could...