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 […]

Disclosure authorization and electronic account resolution programs will be closing as previously scheduled on August 11th, 2013.  Over 4,000 tax pros have signed petitions urging the service to reconsider, to no avail.  As it looks at this point be sure to get your POAs and document request forms filed ASAP, before these time saving services […]

Just a reminder that tomorrow, 4/20/2013 is the last day to timely file returns that were previously rejected. Also, be sure not to cause undue alarm to your clients that are getting refunds; there is no late filing penalty for filing a return after 4/15 if you are claiming a refund!  

There are more than 11 million taxpayers who have requested an automatic six-month extension this year and have yet to file. October 15 is the deadline, but there are exceptions. There are always exceptions. Are you serving in Iraq or Afghanistan or a combat zone? If so, you can stop reading, but the majority of […]