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 […]
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 […]
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’ […]
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 tax season tips that we try to adopt in our office to help stay at our best during the busy time! Get Enough Sleep […]
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 […]