February 28th is last day to apply for Tax Refund Advance
Tomorrow, Feb. 28th 2018, is the last day to apply for Fast Cash Advances, but traditional bank products will continue to be available through the end of October.
Tomorrow, Feb. 28th 2018, is the last day to apply for Fast Cash Advances, but traditional bank products will continue to be available through the end of October.
The first large IRS funding for the tax season should hit this week, with early filed clients starting to see refunds posting as early as tomorrow evening. We suggest directing taxpayers to the IRS’ “Where’s My Refund” tool on the IRS’ webpage: www.irs.gov for information on their individual refund dispersal. Confirm that you have an […]
-IRS HUB testing officially closed at 5PM Eastern Today. -Returns can still be “e-filed” but no acks will be coming back until Monday Upcoming Outages: -1/30/18 from 5AM – 9AM TWO will be offline for maintenance = Unavailable. -1/30/18 the EFC will be offline from 10pm – 2AM for maintenance, returns can still be […]
If you have not already signed into your e-services account and gone through the Secure Authentication process to add 2-Factor Authentication to your e-services account, you are doing yourself and your tax business a real disservice. 9 out of 10 e-services users can complete this process online and in less than 10 minutes. To initiate […]
In light of the government shut down, we would like to share pertinent information regarding IRS efiling and return processing. It is important to know that you should continue to e-file returns and advise your customers to file as well. Here are potential impacts to return processing from the IRS: -Guidance on 2017 Tax Act would stop […]
The IRS is appealing the court’s decision in the case of Loving vs the IRS. While their defense calls upon an 1884 law, the judges were noted to have been “engaged.” There is no doubt that this ability for the IRS to regulate preparers is long over due and much needed, but if this appeal […]
Due to continuous budget cuts for the IRS, the Agency has proposed plans to raise fees for programs that help taxpayers who are struggling with enormous tax debt. These proposed raise will be on fees which are charged for an Offer in Compromise or fees to set up payment installation agreements. These fees have not […]
Remember that report stating that folks with out bank accounts were going to face a ton of problems? Well, that crisis has been avoided. The Obama administration said Wednesday that there will be a rule preventing health plans from not accommodating households that do not have traditional bank accounts. An estimated 8.5 million people without […]
This week the IRS Return Preparer Office is mailing letters to approximately 3,000 return preparers who are preparing tax returns without a valid preparer tax identification number (PTIN). Letter 4731 is being sent to 1,100+ people who are using a legacy PTIN that was obtained prior to September 2010 and has never been renewed in the new […]
The IRS has set preliminary rules for disclosing taxpayer tax return information to the insurance exchanges, also called “marketplaces” (not currently set up), to help in determining who is and who is not eligible for the “premium tax credit.” For taxpayers whose income is relevant in determining eligibility for an insurance affordability program, Medicaid, CHIP, […]