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 […]

With the passing of HR1, also known as One Big Beautiful Bill Act or OBBBA, there are several new tax items that may impact your clients in the coming year, there are changes to provisions from TCJA, all new provisions, and there are retroactive changes to current tax law. One of the changes to a […]

Just yesterday, Dec 3rd, there has been a nation wide preliminary injunction against enforcement of the upcoming mandatory BOI reporting deadline of January 1st 2025.  This is a preliminary injunction and we do assume the government will be appealing the decision, but as it stands now, the reporting deadline of January 1st 2025 is now […]

The Internal Revenue Service (IRS) will be shutting down its Modernized e-File (MeF) system on November 18th, 2023, for annual maintenance. This means that taxpayers will not be able to e-file their individual income tax returns during this time. The MeF system is used by both taxpayers and tax preparers to e-file individual income tax […]

The PTIN portal is officially open for new 2024 PTINs and for PTIN renewals for 2024. A little bit of good news is that the price is a little less than it was last year. The fee to renew or obtain a PTIN for 2024 is $19.75. The fee is set at $11 per application […]