If you do not yet have an EFIN for your tax office, this should be the number one priority for getting your office set up for the coming tax season. An EFIN is your tax office’s equivalent of an IRS license. This number allows you to electronically file tax returns for profit. Without an EFIN […]

H&R Block is suing their exclusive RAL banking partner HSBC for failure to properly preparer to offer Refund Anticipation Loans this season. Bad news travels fast as H&R saw its stock price drop nearly 11% following the news.

Time to start motivating clients to sign those 8879s so you can get their returns electronically filed.  the e-file deadline of 10/15/2010 is only 2 days away!

Preparers identified as being “at risk” for filing 2010 returns with EITC errors, will get letters, visits and due diligence audits. The contacts are focused primarily on education and are aimed at improving compliance with regulations. IRS will monitor returns and continue to ramp up enforcement if improvement isn’t evident.

The e-filing season will be wrapping up this Friday, 10/15.  All 2009 return completed after that will have to be paper filed.  There is a couple of additional days to send returns through that were rejected, but for all practical purposes, get those returns completed and send in ASAP!