Be aware that the IRS annual e-file shutdown for rolling their systems over to the next year’s tax calculations is coming next week, November 30th. The IRS will not accept returns electronically from this date on until they turn back on for filing in mid January 2017. The IRS’ goal is to always accept 3 […]
From all of us here at Federal Direct we would like to wish you a Happy Thanksgiving Holiday! The corporate office will be closed Thursday through Sunday and will reopen Monday morning at 9am Eastern! Also, don’t forget that November 30th is the deadline for e-filing, until the IRS turn their system back on in […]
Research Costs- Thinking about starting a tax preparation business? Or, do you need tax business help as a preparer? Or, do you need tax business help as a preparer? Perhaps you have already decided and are doing cursory research. If you do your homework on the steps to starting a tax preparation business, it […]
Benefits of Online Tax Software Online tax prep software can be used on any computer – Mac or PC Online tax software auto updates and is self-maintaining Acknowledgments automatically applied No need to back up files since they are stored in the cloud Functionally similar to desktop versions Fluid movement between software years Several preparer roles […]
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 […]
Released yesterday was news the tax preparers, along side a libertarian justice group, won it’s case against the IRS. Essentially, the lawsuit challenged the IRS, stating that it had no right to impose such regulations on tax preparers and that it was giving itself more authority than it had. The judgement opinion was that until […]
The IRS has made official that they will be delaying the start of the electronic filing season to 1/30/2013. This relates to 1040, Individual tax returns. The IRS also indicates that they expect additional delays associated with less common individual forms that they will be releasing a list of later. We will keep you […]
Well, with this new deal we averted the cliff or did we? Maybe we had a parachute that kept us safe for a while, gave us a nice feeling that we’d land softly and smoothly, but then, half the way down we noticed large hole in the chute. The Good- The deal restores the top […]
Not only has the IRS announced that they will not be releasing a funding cycle, they will also only tell callers, requesting refund dates, that they should see their refund within 23 days. The IRS has been fighting with itself over maintaining it’s two main goals: Identity protection and the quick disbursement of refunds. Well, […]
The Freedom From Religion Foundation is suing the IRS for failing to enforce the ban on churches contributing to/intervening with political campaigns. Separation between Church and State? Not lately. The IRS says that the audits are on hold until finalizing rules that requires “high-level” official to approve the examinations. The Freedom From Religion Foundation believes […]