1099R – 10% Penalty – 3 Year Averaging

1099R – 10% Penalty – 3 Year Averaging

Feb 12, 2021

We have gotten a few questions with the tax code change this year. (There are many.) Cashed out Retirement they receive a 1099R. They can avoid the 10% penalty if they took the money out because of the pandemic. Also they can choose to average the tax treatment over...
Tax Software Update

Tax Software Update

Feb 10, 2021

We are just a couple days away from the IRS opening e-file for everyone. Though you may have started seeing acks yesterday. The IRS is Hub testing now. Acks will be slow in coming. Pre-Acks are now just regular advances now. You must get an IRS ack before you can get...
Software Update – 1/23/2021

Software Update – 1/23/2021

Jan 23, 2021

Now that season is going. We would like to update you on some additional helpful hints: – We do support by Calls, Tickets, Emails and Chat. During our business hours, the chat feature of our support widget gets directly to our customer support. After business...
Stimulus Payments EIP payments and forms

Stimulus Payments EIP payments and forms

Jan 8, 2021

Looks like this season is going to get off to a crazy start. The Economic Recovery Payment 2 paid end of December 2020 / First of January 2021. WILL BE reconciled on their 2020 tax return. So the “$600” payment will be paid on their tax return as a...
EPS Bank Update ? Cards and Checks

EPS Bank Update ? Cards and Checks

Jan 6, 2021

As a notice for EPS Checks and Cards – Only use cards and checks issued to your office this season. Do not use prior season checks and cards for 2021. Card Number Issue: There is an card issue that you have get the correct card number from your EPS portal. Click...