My Tax Blog

  • Tips on Basic Online Security & Identifying Tax Related Email Scams

    Start by knowing that the IRS or software vendor will never ask you for your personal information and security questions via email.   Always be suspicious of unexpected emails, even if it appears to come from a legitimate source.  Triple check emails before ever opening/downloading an attachment or clicking a link in an email. Do […]

    Alert: Watch for Scam/Phishing Emails!

    Please be on the alert for fraudulent email messages requesting sensitive personal and business tax information.  These emails can appear to come from many different sources pretending to be the IRS, Federal Direct, State Departments of Revenue, Tax Software Companies, etc.  One such recent scam email has been identified as coming from a fake email […]

    ITIN Credit Rules Enforced. Here are some tips.

    No, an ITIN holder cannot claim credits for back year’s returns. The law changed in Dec. 2015 with HR2029.  This means no Child Tax Credit or American Opportunity Credit (among others) for any year beyond a current and timely filed tax return. If you file late, as in after April 15th, you will NOT get […]

    e-file deadline close approaching!

    Be aware that the IRS annual e-file shutdown for rolling their systems over to the next year’s tax calculations is coming next week, November 30th.  The IRS will not accept returns electronically from this date on until they turn back on for filing in mid January 2017.  The IRS’ goal is to always accept 3 […]

    IRS User Fees to Increase

    Overdue tax installment payments are about to become more expensive. The service is proposing a stiff IRS user fee hike to go into effect on Jan. 1 2017. The charge for new installment plans will be $225… a $105 jump from today’s cost. The outlay for direct debit installment agreements will more than double to […]

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  • Online Tax Software vs. Desktop Tax Software

    Benefits of Online Tax Software Online tax prep software can be used on any computer – Mac or PC Online tax software auto updates and is self-maintaining Acknowledgments automatically applied No need to back up files since they are stored in the cloud Functionally similar to desktop versions Fluid movement between software years Several preparer roles […]

    Benefits of Becoming a Tax Professional

    Should I become a tax preparer? That is a common question that we get to discuss with entrepreneurs on a daily basis. Becoming a tax professional is not glamorous, but it does place you into an industry that has proven over the years to be stable and in demand. Become your friends, family, and clients’ […]

    California Declares Uber Drivers ARE Employees

    If you haven’t heard of Uber by now, let me briefly explain. Uber is a car service cheaper than that of a regular taxi because Uber drivers user their own car and choose when they work. Think of a ride-share or carpool that you pay for,but you don’t pay as much as a taxi. Long […]

    Tax Preparation for Immigrants – The Rules Change Again…

    Just as quickly as we update our ITIN materials and guidelines the ITIN policy office within the IRS has changed their stance yet again! Just released: ITINs (Individual Taxpayer Identification Numbers) will expire after 5 consecutive years of non-filing use.  This is a change from the services’ previously stated policy of automatically expiring ITINs after […]

    Want to pay less tax? Keep these receipts during the year.

    Want to know how to pay less taxes? One of the easiest ways to reduce one’s tax liability is to itemize his or her deductions. While not everything is tax deductible, saving receipts for taxes is pretty easy and will help you keep good track of your deductions without doing any work! I suggest (for the […]

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  • Tips on Basic Online Security & Identifying Tax Related Email Scams

    Start by knowing that the IRS or software vendor will never ask you for your personal information and security questions via email.   Always be suspicious of unexpected emails, even if it appears to come from a legitimate source.  Triple check emails before ever opening/downloading an attachment or clicking a link in an email. Do […]

    Alert: Watch for Scam/Phishing Emails!

    Please be on the alert for fraudulent email messages requesting sensitive personal and business tax information.  These emails can appear to come from many different sources pretending to be the IRS, Federal Direct, State Departments of Revenue, Tax Software Companies, etc.  One such recent scam email has been identified as coming from a fake email […]

    ITIN Credit Rules Enforced. Here are some tips.

    No, an ITIN holder cannot claim credits for back year’s returns. The law changed in Dec. 2015 with HR2029.  This means no Child Tax Credit or American Opportunity Credit (among others) for any year beyond a current and timely filed tax return. If you file late, as in after April 15th, you will NOT get […]

    PTIN System Open and Free

    Today, the IRS re-opened the PTIN System and is again issuing PTINs. Since the IRS is enjoined from charging a fee, it will issue the PTINs at no cost to the preparer. If you currently have a PTIN, you can now log into your account to make changes and view CPE information as normal.

    Email Scam Targeting IRS E-Services Users

    Another IRS scam email has been plaguing the tax preparation industry for months now, scammers have crafted a fake IRS s-services page that is identical to the real one. They blast password expiration/reset emails to everyone who has a PTIN as that info is open information and many PTIN holders are also EROs or hold active […]

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