My Tax Blog

  • IRS User Fees to Increase

    Overdue tax installment payments are about to become more expensive. The service is proposing a stiff IRS user fee hike to go into effect on Jan. 1 2017. The charge for new installment plans will be $225… a $105 jump from today’s cost. The outlay for direct debit installment agreements will more than double to […]

    IRS ITIN policy changes released 8/4/2016

    ITINs issued before 2013 will expire 12/31/2016.  Renewal process will open October 1st, 2016.  To identify if an ITIN was issued prior to 2013, the first individuals in this group are ITINs with 78 or 79 as the middle digits.    ITINs that have not been used on a US tax return for the past […]

    Benefits of Becoming a Tax Professional

    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’ […]

    11 Ways to Be More Efficient During Tax Season

    Tax office owners and tax preparers know all too well that preparing for tax season can be, well… Taxing! We work the long hours just like you. Here are 11 tips that we try to adopt in our office to help stay at our best during the busy time!   Get Enough Sleep Aside from […]

    Updated: When does tax season start in 2016?

    When does tax season start for 2016? The beginning of tax season 2016 will be January 19th, 2016. Since the bipartisan budget deal passed, there is no expected government shutdown which would have caused the beginning of tax season 2016 to be delayed. At this point, tax season 2016 will begin in late January. The […]

  • It’s Begun! Beware of Fake IRS Emails!

    Today I received an email, claiming to be from the IRS, stating that there was an additional sum of money to be refunded.  As a tax professional, I know I did my taxes right, but for those unaware of the system or too trusting of emails, this could be incredibly detrimental. Remember that the IRS […]

    Stop Procrastinating, April 15 is One Week Away! Time to File!

    Just a friendly reminder that tax season will NOT be extended even though it began late. You will have until April 15th, which is next Monday, to file your taxes or file an extension. Remember that if you paper file, your return must be postmarked by the 15th to be considered “timely,” and filing an […]

    You Can Now Track Your Amendment! Really? Yes!

    Beginning in March 2013, you can track the status of your amended return using a new web or toll-free application. Go to IRS.gov and click on “Where’s My Amended Return,” or call 1-866-464-2050. With either application, you will need to provide the following information: Your Taxpayer Identification Number (usually SSN), Your date of birth, and […]

    Tomorrow is Last Day to File Corporate Returns…Ante Up or File Extension.

    If you don’t have all your ducks in a row, don’t worry too much. You can always file a corporate return extension, BUT remember that filing an extension does not give you more time to pay what you owe. Penalties and interest will accrue, and those amounts are nothing to joke about. Corporate tax returns […]

    Education Credits Causing Additional Delays for Taxpayers.

    If you filed your tax return with form 8863 for Tax Education Credits, you might be receiving this 8863 Letter in the mail requesting more information.  Typically, this is just a request for more information relating to credit eligibility. In this case, it seems that 4 of the questions on the form are either not […]


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