Tax Preparer Blog

Ultimate Tax Software 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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Yes, You Can Start a Tax Business While Working Full-time!

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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Recent Posts

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...

Learn How to Do Taxes: Easy Steps for Beginners

Tax season can be a stressful time for many individuals, filled with uncertainties and misconceptions about the process of filing taxes. However, understanding how to do taxes is not as complicated as it may seem.  In this article, we will debunk common myths...