Tax Professionals Meet The Gambler Scam
I’m sure as a tax professional you’ve heard a few tall tales that made you chuckle. Well wait until you hear about the new scam aimed at the IRS involving losing lotto tickets. Those creative gamblers have come up with a way to avoid paying taxes. A winning gambler...
Professional Tax Software Stop Playing Price Wars
When potential customers call looking for professional tax software information, one of the 1st questions we are asked is “How much does it cost?” We like to answer questions before you ask them. The Guessing Game – Sometimes it can be a guessing game of whom?...
Hackers Easily Create IRS Accounts
We have another reason for your clients to value their favorite tax professional! We are always looking to build our relationship with you by helping you help your clients. The latest hacker news – It’s eerie how simple it is for hackers to create an IRS account. It...
The College Student Tax Scam
The IRS is warning college students and other taxpayers to be aware of a new federal tax refund scam luring students to give their personal information to file tax returns claiming fraudulent refunds. In the southeast region of the US the American Opportunity...
Pros and Cons of Refund Anticipation Checks
We all know that there are some crooked tax preparers out there. Heck there are crooked people in every profession. It seems like these bad preparers are giving refund anticipation checks a bad name for everyone. If you don’t know what they are, they are similar to a...
Quick Reference for Tax Professionals ? Casualty and Theft Loss
Not much can ruin someone’s day faster than coming home from a long day at work, ready to relax, then walk inside the house and realize someone broke in, invaded their privacy, and stole their favorite things. The only thing that can make someone feel better in that...
No IRS Shutdown, Tax Professionals Exhale
With less than a month before the April 15th filing deadline, it turns out the IRS budget cuts won’t cause the Internal Revenue Service to shut down for two days as they had previously predicted. Back in January, IRS Commissioner John Koskinen had warned that the...
Quick Reference for Tax Professionals ? Child Care Tax Credit
Child care is not cheap whatsoever, and most pay additional costs for someone they like and trust instead of the cheapest – just like your professional tax software! Here are some tips to help see if your clients qualify for this deduction. Child Dependent or...
Tax Zombies
Unlike The Walking Dead Zombies wondering the streets starving for flesh, these zombies are hungry for tax refunds. They are attempting to bring the dead back to life financially. NBC News reports – “During tax years 2006 to 2011, 66,920 people filed using a Social...
IRS Sending Many ID Theft Letters
Our sources at the IRS sent us some important information we would like to share with you, our professional tax software friends. There are 3 identity theft letters that you need to know about. It seems that the Identity Theft Filters at the IRS are working hard on...
Recent Posts
The Benefits of Using the Right Tax Software
Tax season can be daunting, even for someone who files their taxes every year. The complexity of the tax code and the ever-changing tax laws make it difficult to keep everything straight. If you own your own business or plan on doing so in the coming year, you’ll need...
Running a Successful Tax Practice – What does it take?
The majority of tax preparers hope to one day own their own tax business. You can choose your clients and set your own schedule when you own your own tax practice. You can also hire people to help you with your work. Furthermore, there is no greater fulfillment than...
How to choose the Best professional Tax Software
The modern business world relies heavily on technology and various software packages to complete tasks. Similarly, in the accounting and taxation industries! Professional tax software that is both powerful and easy to use is now required for tax firms. Almost every...
How does Refund Advantage help tax professionals
UltimateTax offers a variety of services and banking products to its customers to help them stay competitive in their respective industries. Refund Advantage is one of these bank products that can be extremely beneficial to tax preparation businesses. It is a bank...
UltimateTax’s Step-by-Step Process for Professional Tax Preparation
Are you considering working as a tax preparer for a living? Maybe you're just curious about how things work in the real world. In any case, you've come to the right place! Advanced tax professionals are in high demand in the accounting and tax industries. This...