As it stands, not all states allow Enrolled Agents to use their credentials to encourage tax payers to use their services. This may not be the case in the future! The Enrolled Agents Credential Act has been re-introduced in Congress. This would allow Enrolled Agents...
The IRS has issued a warning to alert tax preparers about fraudulent emails that are being sent to target tax preparers specifically. The email asks you to update your e-Services information and the links included are to a phishing scam which will capture your...
The 1095-A is the tax statement in question and anyone who purchased a health care plan through the Marketplace will receive one. Included in this tax statement is the amount paid in monthly premiums, which is where the mistake was made. Some of the premiums figured...
As a Tax Professional, you will have to ask your clients a few questions when dealing with this situation. Is your client the custodial or noncustodial parent? When is the final divorce decree dated? If the divorce decree or separation agreement went into effect after...
Checking the status of any return is very easy to accomplish. Below are the steps in the program to ensure your statuses are up to date and correct. Inside the program – please go to Communications >> Get Acks & Updates or Click the “Get Acks & Updates”...