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...
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...
[UltimateTax] – E-Filing Shutdown

[UltimateTax] – E-Filing Shutdown

Nov 7, 2020

We are informing you that the IRS intends to shut e-filing on November 21st. We will stop accepting returns on November 18th. This includes individual returns for all years. No returns will be accepted until the IRS turns e-file back on in early January 2021. This is...
Services New Tax Preparers Can Offer

Services New Tax Preparers Can Offer

Feb 3, 2020

It’s tax season once again! Are you a new tax preparer? Do you plan on starting your own business? Well, now is the perfect time to start your business. The best feature about starting your own tax preparation business is how easy it is. You don’t have to rent out an...
Tax Professionals, Here Are The 2020 Deadlines You Need To Keep Track

Tax Professionals, Here Are The 2020 Deadlines You Need To Keep Track

Jan 29, 2020

It’s tax season once again! For tax professionals, the next three to four months can be the busiest time of the year. Aside from meeting with both old and new clients, you need to gather your clients’ financial documents, start preparing income taxes and file prepared...