More DIY Taxpayers This Year?
As reported by CPA Trendlines , as of February 27, 2015 total tax refunds are down 1.8%, which is 882,000 fewer refunds than this time...
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....
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Recent Posts
Verifying Identity with the IRS: How to Do It Without a Credit Card
Identity verification is a crucial step that every taxpayer must go through to comply with the Internal Revenue Service (IRS) regulations. The IRS requires individuals to verify their identity before they can access certain tax services, such as filing taxes...
Checking Child Tax Credit Payments: A Guide to Understanding Your Benefits
The Child Tax Credit (CTC) is a lifeline for many families struggling to make ends meet. It provides financial assistance to help defray the costs associated with raising children, including food, housing, and other basic needs. The CTC has undergone significant...
Contacting the IRS: How to Reach a Person for Assistance
Dealing with taxes can be a hassle, and trying to navigate the Internal Revenue Service (IRS) system is often confusing. Whether you have questions about your tax return or need help resolving an issue with the IRS, contacting a person for assistance can make all the...
Finding Your Business Activity Code: A Quick and Easy Guide
A principal business code is an indispensable part of conducting business in the United States. This six-digit number is a means of categorizing a company's main product or service, and it plays an important role in filing federal taxes with the Internal Revenue...
Using Last Year’s Earned Income Credit: Maximize Your Tax Refund
When filing a state tax return, it is important to be aware of the Earned Income Tax Credit (EITC) as this credit may reduce your overall tax liability. The Earned Income Credit (EIC), also known as Earned Income Tax Credit (EITC), is a valuable tax credit for...