Tax prep Tips Archives - Federal Direct Tax https://www.federaldirecttax.com/blog/category/tax-tips-information/tax-prep-tips/ Helping Individuals & Businesses Enter The Tax Preparation Industry Thu, 14 Dec 2023 14:03:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Online Tax Software vs. Desktop Tax Software https://www.federaldirecttax.com/blog/online-tax-software-vs-desktop-tax-software/ Thu, 29 Sep 2016 19:08:58 +0000 http://www.federaldirecttax.com/?p=2863 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 […]

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]]> Benefits of Becoming a Tax Professional https://www.federaldirecttax.com/blog/benefits-becoming-tax-professional/ Thu, 07 Jul 2016 17:07:24 +0000 http://www.federaldirecttax.com/?p=2792 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’ […]

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]]> California Declares Uber Drivers ARE Employees https://www.federaldirecttax.com/blog/california-declares-uber-drivers-are-employees/ Thu, 18 Jun 2015 14:19:34 +0000 http://www.federaldirecttax.com/?p=2208 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 […]

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]]> Tax Preparation for Immigrants – The Rules Change Again… https://www.federaldirecttax.com/blog/tax-preparation-for-immigrants-the-rules-change-again/ Mon, 14 Jul 2014 16:12:11 +0000 http://www.federaldirecttax.com/blog/?p=1617 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 […]

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]]> Want to pay less tax? Keep these receipts during the year. https://www.federaldirecttax.com/blog/want-to-pay-less-tax-keep-these-receipts-during-the-year/ Thu, 08 May 2014 17:42:42 +0000 http://www.federaldirecttax.com/blog/?p=1598 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 […]

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