Tax Talk

  • Tips for Getting Unclaimed 2014 Tax Refunds

    The IRS reminds taxpayers they may have money waiting for them. About 1 million taxpayers who did not file a 2014 federal income tax return have unclaimed tax refunds totaling about $1.1 billion. Here are some things taxpayers should know about these unclaimed refunds: To collect the money, taxpayers must file their 2014 tax return […]

    Upcoming Deadlines for TY2017, Processing year 2018

    Reminder – Federal Partnership and S Corp Returns Deadline is March 15, 2018 Remember, the federal filing deadline for federal calendar year partnership (1065) and S Corporation (1120S) returns is Thursday, March 15, 2018. For returns that are rejected on March 15, the return will be considered timely filed if it is re-transmitted and accepted […]

    IRS Funding for EITC returns & Clients effected by the Extenders Bill

    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 […]

    Hub Testing Closed & Upcoming Outages

    -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 […]

  • Lauryn Hill Convicted of Tax Evasion & Compares It to Slavery…

    Singer/Songwriter Lauryn Hill has been sentenced to three months in prison and three months of home confinement for failing to file tax returns for five years and not reporting more than $2.3 million in income. In addition to being a singer and actress, Hill owned and operated four S corporations, and her primary source of […]

    Late Tax Filers May Qualify for Abatement of Penalties

    The IRS has a program called the First Time Abate which allows for a taxpayer to have the late filing penalties waived. The IRS abatement of penalties only applies if the taxpayer has been compliant for the past three years. This means paying on time, filing on time, etc. This also includes the penalty for […]

    Taxpayer Protection and Preparer Fraud Prevention Act of 2013

    Over the past few years we’ve seen the number of cases of fraud go from an occurrence that happened to “someone we know” to something that you can’t avoid reading or hearing about. It’s happening to hundreds of thousands of people in many different forms, but one of the most common forms in the tax […]

    IRS Closing for 5 days Due to Furloughs

    Due to budget cuts and sequestration, the IRS will be closing down all of its operations for 5 days, one at a time, from now to August. This will include all operations, including the call centers. The goal is to save money on utilities and man-power on slower days. Keep in mind that the IRS […]

    1 More Day to Timely File Rejected Returns

    Just a reminder that tomorrow, 4/20/2013 is the last day to timely file returns that were previously rejected. Also, be sure not to cause undue alarm to your clients that are getting refunds; there is no late filing penalty for filing a return after 4/15 if you are claiming a refund!  

  • Nothing Found

    Sorry, but there are no articles in this category


  • Be your clients’ hero! Our in-house Sure & Secure IRS Audit coverage makes you a true Problem Solver!


  • Ready to offer tax services to undocumented aliens? We have the training and support to make it happen!


  • Federal Direct provides back office support to free your business up to GROW!


  • Federal Direct knows the focus and dedication it takes to grow your tax business!


Want more info? We will contact you back within 1 business day