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

5 Key Features You Want For Your Tax Business Software

Selecting tax preparation software for your business is critical in ensuring profitability and success. Quality software will help you deliver accurate returns on time, offer great support, and be easy to navigate. Anything less could cost you business. Here is a list...

Safeguard Your Clients And Business By Monitoring Your EFIN

In 2020, many businesses transitioned from solely brick-and-mortar businesses to hybrid companies. Many employees worked from home due to COVID restrictions and health concerns. But that shift meant more opportunities for hackers. Cyber attacks increased by 358%...

7 Frequently Asked Questions About EFINs

When filing taxes, you would typically use your social security number to file your taxes as an individual. However, when preparing taxes for other people or business entities, you need a specific number to identify yourself as a tax preparer instead of a taxpayer....