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 […]
-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 […]
If you have not already signed into your e-services account and gone through the Secure Authentication process to add 2-Factor Authentication to your e-services account, you are doing yourself and your tax business a real disservice. 9 out of 10 e-services users can complete this process online and in less than 10 minutes. To initiate […]
In light of the government shut down, we would like to share pertinent information regarding IRS efiling and return processing. It is important to know that you should continue to e-file returns and advise your customers to file as well. Here are potential impacts to return processing from the IRS: -Guidance on 2017 Tax Act would stop […]
Tax Season officially begins on January 29th 2018, however you may be able to file early if you are participating in hub testing. Hub testing is set to begin approximately on the 22nd or 23rd. Returns will be due on April 17th 2018.
On Friday, Jan. 18, 2013, the United States District Court for the District of Columbia enjoined the Internal Revenue Service from enforcing the regulatory requirements for registered tax return preparers. In accordance with this order, tax return preparers covered by this program are not required to complete competency testing or secure continuing education. The ruling […]
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, […]