Selecting the name of your new tax office can seem a little overwhelming but it does’t need to be so complicated. Many, if not most, franchises require you to use that name. After all, you are essentially buying the goodwill that accompanies that tax service name. However, if you are a Federal Direct partner or […]
The IRS has announced the return of fees for a Preparer Tax Identification Number (PTIN). Additionally, they have outsourced processing of applications and payments so there is an additional fee on top of the basic application fee. The IRS fee is set to be $21 per application or renewal plus a $14.95 fee to the […]
There are many IRS payment options that they will accept. Pay your balance due at the time of filing. (No cost to set up beyond preparation fees) Direct Pay (No cost if it’s from a checking or savings account) Businesses can use EFTPS (The electronic federal tax payment system) Taxpayers can pay with a credit […]
Michigan businesses may be eligible for a recovery grant or a business microloan to help them during this time of uncertainty. There are several requirements for eligibility but most are easy to meet. There is even a webinar to help potential applicants gather and complete their required documents for a grant or loan. Grant money can […]
The non-filer tool, developed in partnership between the IRS and the Free File Alliance, provides a free and easy option designed for people who don’t have a return filing obligation, including those with too little income to file. The feature is available only on IRS.gov, and users should look for Non-filers: Enter Payment Info Here […]
What is the hottest topic this off season? ObamaCare! This Affordable Care Act webinar will go over the latest provisions of the Patient Protection and Affordable Care Act to get your office up to speed for the coming tax season. Be able to answer the most common questions that your clients will be asking when […]
The Internal Revenue Service’s Return Preparer Office said it is sending letters to 3,000 tax preparers who failed to use a valid Preparer Tax Identification Number. Letter 4731 is being sent to more than 1,100 people who are using old PTINs that were obtained prior to September 2010 and have never been renewed in the […]
IRS e-services will be unavailable Saturday August 27th through Sunday August 28th for implementation of a system wide upgrade.
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 […]
Jail time is coming for a Californian man who is a former manager of an H&R Block. Damon Charles Dubose was convicted and sentenced for filing 12 false tax returns and pocketing the money after withdrawing it from “his clients” H&R Emerald Card. The victims of Mr. Dubose’s tax scheme were previous clients at that […]