IRS ITIN Operation info regarding ITIN Renewal Confirmation with relation to e-filing your 2016 returns in early 2017. Q. Will the IRS be sending out ITIN renewal confirmation letters after renewal? If so, what is the time frame for when a taxpayer should expect to receive one? A. IRS will issue Notices to taxpayers renewing […]
Federal Direct will be closed Saturday December 24th through Monday December 26th in observation of the holiday season and will reopen at 9am Eastern on Tuesday December 27th. We will also be closed Monday January 2nd in observation of the New Year’s holiday and will reopen at 9am Eastern on Tuesday January 3rd. Happy Holidays […]
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? 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 will pay off big time. Being prepared for your new […]
It’s a story we’ve come to know so well. The friendly tax preparer who you think you can trust ends up filing false returns and having your money deposited into his account. Once again, we see another preparer, this time unlicensed, doing the wrong thing the wrong way. Job Lopez was sentenced to 6 months […]
This morning the Supreme Court upheld the constitutionality of the Affordable Care Act. The most debated issue was the individual coverage mandate element of the law which levies penalties to taxpayers who are required to purchase insurance coverage but fail to do so. Administration of the Affordable Care Act will be serviced by the IRS; […]
The IRS announced today that it has put in place new “interim procedures” designed to “help protect the integrity” of the ITIN process. During this interim period, no ITINs will be accepted or assigned without original documentation, such as passports and birth certificates, or certified copies of these documents from the issuing agency. Even Certifying […]
The Department of Homeland Security has announced a new initiative regarding discretion on a case by case basis with younger illegal immigrants. Many illegal immigrants are brought over as children and live the lives of immigrants even though many of them have spent their entire lives in the United States, in some cases, even graduating […]
IRS will be conducting Disaster Recovery exercises on Saturday June 9th and again on Saturday June 16th . They will not be processing returns beginning at 6PM Eastern on Friday June 8th, and they intend to bring the system back on line at 8:00 AM Eastern on Monday June 11th. The Same procedure and timeline […]