Tax Preparation Industry News Archives - Federal Direct Tax https://www.federaldirecttax.com/blog/category/tax-news/tax-preparation-industry-news/ Helping Individuals & Businesses Enter The Tax Preparation Industry Tue, 16 Jan 2024 17:17:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 IRS to End Moratorium on CAA ITIN Program https://www.federaldirecttax.com/blog/irs-to-end-moratorium-on-caa-itin-program/ Fri, 06 Oct 2023 16:13:01 +0000 https://www.federaldirecttax.com/?p=5051 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 […]

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]]> IRS Notice 2022-36 Waives Late Filing Penalties https://www.federaldirecttax.com/blog/4827-2/ Mon, 26 Sep 2022 20:17:19 +0000 https://www.federaldirecttax.com/?p=4827 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 […]

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]]> IRS Changing E-file Application Fingerprint Process As of 8/15/22 https://www.federaldirecttax.com/blog/irs-changing-e-file-application-fingerprint-process-as-of-8-15-22/ Wed, 29 Jun 2022 16:50:48 +0000 https://www.federaldirecttax.com/?p=4760 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 […]

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]]> Hub Testing Begins 1/18/2022 https://www.federaldirecttax.com/blog/hub-testing-begins-1-18-2022/ Mon, 17 Jan 2022 17:40:01 +0000 https://www.federaldirecttax.com/?p=4688 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 […]

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]]> Immigrant Tax Services in High Demand https://www.federaldirecttax.com/blog/immigrant-tax-services-in-high-demand/ Tue, 18 May 2021 18:45:37 +0000 https://www.federaldirecttax.com/?p=4289 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 […]

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