14 years after the terrible tragedy, we renew our promise to remember the victims and families of 9/11. The world lost two thousand, seven hundred and fifty-three people at the World Trade Center but it didn’t end there. Due to health problems stemming from the tragedy, the overall number of deaths caused by the the […]

What does PTIN stand for? PTIN stands for Preparer Tax Identification Number. What is the cost of a PTIN? The IRS PTIN cost is $64.25 for the first year and $63 each afterword. (Sidebar: There are CPAs that have filed a class action lawsuit against the IRS PTIN fees. If you remember, it used to […]

Federal Direct offices will be closed in observance of Independence Day on July 4th, 2014.  Our offices will reopen Monday July 7th, 2014 at the normal time of 9am EST. If you have an emergency during this time please contact your account representative directly or contact support at: support@federaldirecttax.com.  An after hours representative will contact […]

The U.S. Court of Appeals for the District of Columbia has upheld the District Court ruling in the case of Loving vs. IRS, affirming that the IRS does not have the authority to regulate tax return preparers. The ruling was issued on Tuesday, Feb. 11, 2014. This means that the IRS cannot require tax preparers […]

Tax planning help may be needed for taxpayers who, through a combination of tax credits, usually receive a tax refund as opposed to owing, which may be just the opposite in the next couple of years as many common and often used tax credits are set to expire. The following common tax deductions and credits […]