Does opening a tax office really mean working only 4 months per year? The simplest answer is probably not. Can you earn a living wage salary in only 4 months? Yes, a seasonal tax preparer can earn a living wage salary in only 4 months, but that doesn’t mean that all the work stops after April. Some […]
Dos: 1. Find tax software that meets your needs. Do you need the ability do corporate returns or other special module types of returns? Do you need the ability to prepare prior year returns? Generally speaking, additional years and specialty modules are not included so be mindful of what you are actually getting in your […]
The Federal Direct office will be closed on Monday, May 29th in observation of Memorial Day. Office hours will resume Tuesday, May 30th at 9 am EST. Have a happy and safe Memorial Day!
The last few days the IRS released its largest funding ever. While our systems are functioning properly there may be times over the next 24-48 hours where delays are experienced due to high traffic on our Interactive Voice Response (IVR) check verification system. In order to streamline your customer’s experience with tax check cashing, we’d […]
An interesting question was posed this morning that made me think and question it myself. That question was “why does tax season seem to begin later and later every year?” My first thought was simply the day of the week that that date range falls on, but then I pulled up the calendar. Tax season […]
This notice is particularly for Certified Acceptance Agents. Hopefully, you all have kept appropriate documentation on returns which had W-7 applications for an Individual Taxpayer Identification Number. The word on the street is that the IRS is taking a sample pool of ITINs per CAA and investigating the appropriateness of the work done. By that […]
Our next webinar will be covering General Tax Law Updates for the coming tax season. The webinar will be hosted next Thursday, September 6th at 5:30pm Eastern. As always, if you are not able to attend the live webinar, it will be available for archive viewing on your partner portal 24-48 hours after the live […]
Many businesses sell medical marijuana in the retail sector. Of course, having legalized marijuana on a state level, makes this business practice legitimate for state taxes but what about federal taxes? For federal tax purposes, since marijuana is still illegal, it prevents this business from being treated as a real business with deductible expenses. However, […]
Please join us next Tuesday for our webinar covering Education Credits & Tuition deductions, how to report them and which option is best for your clients. This webinar will last approximately 2 hours, and for those of you who have signed up for an IRS continuing education package, will provide 2 CE credits in the […]