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...
IRS Common Mistakes – 2022

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...
IRS Common Mistakes – 2022

Pre Ack Loans Available Now

Jan 2, 2022

If you have applied for bank products and pre ack loans, they are available now. In our online program, the forms are now available.  No updates are required. If you have our desktop program you will have to update your program and get module updates. Program Update:...
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....
EFC Shut Down

EFC Shut Down

Dec 13, 2021

IRS has announced its MeF (e-file) shutdown and cutover for Tax Year 2021. To ensure that all business tax returns e-filed through the MeF system are processed in a timely manner, submissions must occur before IRS shuts down the system on Sunday, December 26, 2021, at...