5 Mistakes Preparers Make When Buying Tax Software
1. Refusing To Adopt Cloud-based Software The tax preparation software industry is probably one of the slowest industries to embrace cloud...
Refund Timing for Earned Income Tax Credit and Additional Tax Credit Filers
The tax industry stakeholders are projecting refunds will begin hitting accounts mid-week, Feb 22nd. This is just an estimate and not a guarantee...
IRS Announces Tax Refund Delays For 2017
Expecting to spend that tax refund early? IRS has announced Tax Refund – Delays for 2017 What You Need To Know Mike Steele, owner of Ultimate Tax...
Tax Preparer Education Requirements
Thought that maybe the required continuing education hours might change this year? Well they have not. The requirements for 2016 continuing...
Afternoon Feb. 13th – IRS Funding
So far this year, as of 4pm Eastern, the IRS has released almost no refunds. Current estimates are that the IRS has released refunds for fewer than...
Health Care Basics For Preparing Your Clients Returns
We got this from the IRS site about what you need to file for the ACA (Affordable Care Act). We are just sending this out for your information.We...
Tax Season Starts Jan 20th, 2014
Tax Season Opens As Planned Following Extenders Legislation Following the passage of the extenders legislation, the Internal Revenue Service...
Urgent Electronic Filing Center Information
The Electronic Filing Center stops sending E-files at 6pm EST on Friday November 20th. This includes 2014, 2013, and 2012 efiles The IRS shuts down...
Professional Tax Software ? When the IRS Sends Letters
We don’t always talk about professional tax software. Today is about your clients. Would your client know what to do if he/she received a letter...
Professional Tax Software ? IRS Withheld FOIA Information
If you are not familiar with the Freedom of Information Act (FOIA), it is a law that gives you the right to access information from the federal...
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Recent Posts
4 Ways to Find Out How Much You Will Owe the IRS
As tax season approaches, one of the biggest concerns for most Americans is the amount they will owe the IRS. Determining your tax liability is crucial because underestimating or overestimating your tax bill can have serious consequences. The IRS may impose hefty...
How to File a Tax Extension for a Nonprofit: What You Need to Know
Nonprofits play an essential role in our society, offering services, support, and resources to communities in need. As a nonprofit organization, you are bound to meet a series of deadlines, including submitting tax returns each year. However, there may be times when...
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...
Why Your Amended Return is Not Showing: Common Reasons and Solutions
Filing taxes can be a daunting task, and mistakes happen even to the best of us. Luckily, the Internal Revenue Service (IRS) allows taxpayers to amend their tax returns if they realize they made errors or omissions. An amended return is a corrected version of a...