Quick Reference for Tax Professionals ? Hobby or Income?

Quick Reference for Tax Professionals ? Hobby or Income?

Mar 11, 2015

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, here are a few questions you can ask your client to help you differentiate between the two Do you conduct activities in a...
Anthem Admits Being Hacked

Anthem Admits Being Hacked

Mar 11, 2015

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 to be your go-to for everything your tax business needs! On Thursday, February 26th Anthem, Inc. Communications sent...
More DIY Taxpayers This Year?

More DIY Taxpayers This Year?

Mar 10, 2015

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 last year. Tax professionals have submitted 4.4% fewer e-files year over year with just 28,733,000 e-file receipts versus...
Marketplace Tax Statement Mishap Could Benefit 50,000

Marketplace Tax Statement Mishap Could Benefit 50,000

Feb 26, 2015

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 have some great news for them! Out of the 800,000 incorrect tax statements, the 50,000 taxpayers who already filed are...
Snow and Professional Tax Software

Snow and Professional Tax Software

Feb 26, 2015

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 that you probably didn’t know about snow: An average snowflake is made up of 180 billion molecules of water. Around 12%...