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

What Is the IRS 1040-X Form? All You Need To Know

Understanding the IRS 1040-X form is essential for taxpayers who need to make changes or corrections to their previously filed tax returns. This form, also known as the amended U.S. Individual Income Tax Return, plays a crucial role in rectifying errors, claiming...

Tax Preparation Resources for Small Business

Tax preparation can be a complex and time-consuming process, especially for small businesses. Understanding the intricacies of tax regulations and properly managing financial records are crucial for maintaining compliance and optimizing financial health.  In this...