Professional tax software costs range from lower cost, a few hundred dollars, to very high cost, several thousands of dollars. Tax software costs stem from the extensive input from developers and total overall functionality of the program. Will you be paying thousands for no-cost unlimited e-filing or will you be paying hundreds for the program […]
Tax season for tax filing year 2025 is rumored to be starting late this year. The new IRS commissioner, Billy Long, was quoted in July 2025 stating that tax season could start around President’s Day in 2026. That would mean tax season 2026 would start in mid-February. This is approximately 3 weeks later than we […]
Preparing for the incoming tax season doesn’t have to be time consuming. Here is a checklist to make you are able to effectively cover all your bases for the 2026 tax season. 1. Check Your EFIN Status– One of the biggest surprises to tax pros happens when they discover via e-file rejection acknowledgement that […]
Identity Theft Protection Unit: 800-908-4490 Refund Offset Questions: 800-304-3107 IRS Refund Hotline: 1-800-829-1954 ITIN Line: 1-800-908-9982 Internal Revenue Service: 1-800-829-1040 Social Security Administration: 1-800-772-1213 E-Services: 866-255-0654 PTIN Line: 877-613-7846 IRS CE Line: 1-888-316-7581 IRS Business EIN Division: 1-800-829-4933 Tax Forms & Instructions: 1-800-829-3676
If you own a tax business, you may have encountered taxpayers who have no bank account. In financial arenas these folks are referenced as “the unbanked.” These clients are the taxpayers who may request a refund transfer check or, if they are able to pay up-front, may request a tax refund check from the IRS. […]
The Internal Revenue Service (IRS) has announced that it will reopen the Certifying Acceptance Agent (CAA) program in late 2023. The CAA program allows certain organizations to help taxpayers obtain Individual Taxpayer Identification Numbers (ITINs). ITINs are tax processing numbers issued to individuals who are not eligible for a Social Security number (SSN). The CAA […]
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 […]
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 […]
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 […]
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 […]
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 […]
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’ […]
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 […]
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 know how to pay less taxes? One of the easiest ways to reduce one’s tax liability is by keeping receipts for taxes. 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! So, what is the best […]