Snow and Professional Tax Software
We are taking a quick break from professional tax software to tell you about the most popular topic here in Iowa today – SNOW! Here are 10 Fun Facts...
Marketplace Tax Statement Mishap Could Benefit 50,000
Did you prepare returns for clients that had bad Obamacare subsidy data (Read our 800,000 Incorrect Tax Statements article) If so, you are about to...
Does the Fraud Stem from Intuit TurboTax? Forbes Tax Girl Talks of Scary Possibilities
After I read this article, What If Tax Refund Theft Isn’t Really About Refund Theft? By Forbes Contributor Kelly Phillips Erb also known as TaxGirl,...
ACA Special Enrollment Period
As Tax preparers, your clients may expect you to be their go-to-person for everything ACA (Affordable Care Act) related. You are the only live...
Lawmakers Re-Introduce Bill to Credit Enrolled Agents
As it stands, not all states allow Enrolled Agents to use their credentials to encourage tax payers to use their services. This may not be the case...
Scam Targets Tax Preparers
The IRS has issued a warning to alert tax preparers about fraudulent emails that are being sent to target tax preparers specifically. The email asks...
800,000 Incorrect Tax Statements
The 1095-A is the tax statement in question and anyone who purchased a health care plan through the Marketplace will receive one. Included in this...
Quick Reference For Tax Professionals ? Can Clients Use Divorce Decree To Claim Child?
As a Tax Professional, you will have to ask your clients a few questions when dealing with this situation. Is your client the custodial or...
Using The Return Query For Up To Date Return Info
Checking the status of any return is very easy to accomplish. Below are the steps in the program to ensure your statuses are up to date and correct....
2015 ? American Opportunity Credits ? DELAYED
From our inside sources we are hearing that the IRS will be holding refunds with the American Opportunity Tax Credit. The word is that the IRS is...
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Understanding Tax Garnishment: How to Check If Your Tax Return Will Be Affected
Tax garnishment is the process where a creditor can legally seize part of a taxpayer’s wages, bank accounts, or other assets to pay for an outstanding debt. During tax season, this garnishment process can cause complications and delays in receiving your tax return if...
Top Tax Preparation Software for Accountants: Streamline Your Tax Season
It's no secret that taxes can be a difficult and time-consuming task to complete. Without the proper knowledge and expertise, it is easy to make costly mistakes that lead to bad consequences. To help simplify this process, many tax preparation software programs are...
Cloud-Based Tax Preparation Software: The Future of Tax Filing
Tax software is an invaluable tool for anyone who needs to file their taxes each year. It helps users quickly and easily enter their financial information and e-file their federal and state tax returns. There are several highly recommended options available, from...
Checking the Status of Your Amended Tax Return: A Step-by-Step Guide
Filing a tax return can be a tedious process, but it is necessary to ensure that individuals pay the correct amount of taxes owed and receive any refunds that they are eligible for. However, it is sometimes easy to make mistakes when filing your taxes. An amended tax...
IRS Hub Testing what is it?
Each year the IRS will shut down and do a switchover. Usually, at the end of the year, late November, the IRS will shut down its e-file systems. They do this to switch over from year to year. You might think with technology today, that they would not have to shut...