My Tax Blog

  • A Guide to Selecting the Best Tax Preparation Program

    Being a professional tax preparer is a challenging role, but with the right tax preparation program, it can be much easier. In today’s digital age, numerous software solutions are available to simplify the process, but choosing the best one for your specific needs can be overwhelming. Let’s walk through the key considerations to help you […]

    How to Appeal an EFIN Rejection: A Step-by-Step Guide

    Obtaining an Electronic Filing Identification Number (EFIN) is crucial for tax professionals to electronically file tax returns on behalf of their clients. However, there may be instances where your EFIN application gets rejected or denied. While this can be disheartening, it’s essential to remember that you have the right to appeal the decision. In this […]

    IRS Destroys Thousands of Files

    The Internal Revenue Service (IRS) has found itself embroiled in a controversy that has sent shockwaves through the financial and legal communities. Reports have surfaced indicating that thousands of crucial files and documents have been destroyed, leaving taxpayers and the IRS itself in a state of dismay and disbelief. In this blog post, we delve […]

    Exiting a Tax Franchise

    Tax franchises can provide a convenient way for individuals to start a tax preparation business, but for some, they can be a hindrance to growth and profitability. If you find yourself in a tax franchise agreement that no longer serves your best interests, it is essential to explore your options for getting out. Here are […]

    Tax Refund Offsets Explained

    As tax season approaches, many people eagerly anticipate receiving a tax refund from the government. However, for some individuals, their refund may be subject to offset. This means that a portion or all of their refund may be withheld and used to pay off certain debts or obligations. In this blog post, we will explore […]

  • IRS Notice 2022-36 Waives Late Filing Penalties

    IRS Notice 2022-36 waives late filing penalties for 2019 and 2020 returns filed late but on or before Sept. 30, 2022. Applies to income tax returns:  1040, 1040NR  1041  1065, 1120, 1120S  990 PF  And more  Does not apply to estimated tax, underpayments, preparer penalties   If late filing […]

    IRS Changing E-file Application Fingerprint Process As of 8/15/22

    One component of becoming an e-file provider is getting fingerprinted for a background check. This has traditionally been completed with paper fingerprint cards which were mailed to the IRS and matched to the applicant’s application. However, as of September 25th the IRS will be implementing a new electronic fingerprinting process which will require an applicant […]

    Hub Testing Begins 1/18/2022

    Hot off the presses! IRS HUB Testing to start tomorrow, January 18th and continue through Friday January 21st.  Tax returns intended for early processing can be submitted now!  What is IRS HUB Testing? -This is when the IRS pulls and processes returns that have been submitted as part of a controlled test launch of the e-file […]

    Immigrant Tax Services in High Demand

    Tax and immigration services are in high demand as immigration reform is on the horizon. All undocumented immigrants living and working in the United States need an Individual Taxpayer Identification Number (ITIN) in order to file and pay their taxes. ITIN holders are eligible for various tax credits which can result in tax refunds, but […]

    Reminder: Filing Deadline Approaching

    For taxpayers who had previously requested extensions, the tax filing deadline is approaching. The filing deadline is October 15th and the IRS suggests that returns are e-filed as it is the easiest, safest and most accurate way to file, but if you chose to paper file, be sure that the tax return is postmarked by […]

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