IRS Common Mistakes – 2022

IRS Common Mistakes – 2022

Jan 22, 2022

UltimateTax is Reposting a good email from the IRS: Common tax return mistakes that can cost taxpayers Tax laws are complicated but the most common tax return errors are surprisingly simple. Many mistakes can be avoided by filing electronically. Tax software does the...
Efile Start Date for 2021 Returns

Efile Start Date for 2021 Returns

Jan 10, 2022

We are announcing that the IRS will be accepting 2021 returns starting on Monday January 24, 2022.  As expected the IRS will begin accepting returns for the 2021 season about the normal time they do each year.  As with any start date, we anticipate the first day to be...
Start a Tax Preparation Business Now

Start a Tax Preparation Business Now

Jan 3, 2022

The 2022 tax season will begin less than a month from now. If you are going to set up your own tax practice, now is the time to do it! But how do you start a tax preparation business? You’ve done your research, you’ve made a plan… what more do you need to...
Keep an Eye on These Expiring Tax Breaks

Keep an Eye on These Expiring Tax Breaks

Dec 27, 2021

As 2021 draws to a close, a number of tax breaks are set to expire. Tax preparers need to be aware of which tax breaks will be going away—but also keep in mind the possibility that they could come back. The expiring provisions could be renewed through legislation....
IRS Child Tax Credit Payments – Letter 6419

IRS Child Tax Credit Payments – Letter 6419

Dec 20, 2021

The IRS will be sending taxpayers who received Advanced Child Tax credit payment/s in 2021, the letter will be sent out January 2022, Notice 6419.  This letter will show the total amount of payments received.  The client can also see their payments in their CTCUp...