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...
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...
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...
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...
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...
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...
Anthem Admits Being Hacked
UltimateTax loves to share information that can help you help your clients. We want to be more than your professional tax software provider, we want...
Quick Reference for Tax Professionals ? Hobby or Income?
As a tax professional, you know find there is no solid line drawn between a hobby and income. To help establish the difference with your clients,...
Quick Reference for Tax Professionals ? Medical and Dental Deductions
As a tax professional, sometimes you need an answer right now. At UltimateTax we want to offer your more than professional tax software, we want to...
Affordable Care Act at Risk
It sounds like the Affordable Care Act is in serious jeopardy. The fate of health insurance for an estimated 9.6 million people lies in the hands of...
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Recent Posts
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...
Becoming a Tax Preparer in California: Requirements and Steps
As the tax season approaches, the importance of knowledgeable and skilled tax preparers cannot be overstated. The state of California, which boasts the fifth-largest economy in the world, has a unique tax code that can be intimidating for even the most experienced tax...
Filing an Extension for Massachusetts Taxes: Everything You Need to Know
As tax season rolls around, many Massachusetts residents may find themselves in need of additional time to prepare their returns. Whether due to complex financial situations or simply a busy schedule, filing for an extension can provide much-needed breathing room. ...
Getting a Copy of Your W2: What to Do If You’ve Lost It
The W2 form is a crucial piece of paperwork necessary for accurately filing taxes. It contains important information about an individual's yearly wages and taxes withheld by their employer. Unfortunately, losing this document can cause a lot of problems during tax...
Tax Preparation Software for Professionals: Streamline Your Tax Season
As the end of the year approaches, tax season looms large for professionals across a range of industries. It is a time when businesses and individuals must take stock of their finances, gather documents, and navigate the complex, ever-changing tax code. It is a time...