My Tax Blog

  • Tax Season Delayed & IRS Sorting 1.4 Million Letters

    Citing the need for “adequate time to program and test tax processing systems,” the service announced that it expected a one- to two-week delay in the start of tax season, and that it would start accepting and processing 2013 individual tax returns no earlier than Jan. 28, 2014, and no later than February 4. Tax […]

    IRS to delay 2013/2014 e-filing season…Again!

    Late breaking news:  IRS to delay the start of e-filing season again this year, blaming the recent government shutdown. While the IRS reserves the right to issue the final decision for the start of the 2014 filing season until December they are estimating the start date being pushed back from the original date of January […]

    IRS Attempts to Catch Up, Resumes processing refunds & Says Wait to Call

    The IRS has reopened phone lines and says that they expect an increased demand in phone services. Due to the back log of work due to the government shutdown, the Service politely requests that you wait to call or contact them based on the severity of your situation. The service expects to be caught up […]

    2014 PTIN Renewal Period Delayed Due to Lapse in Funding

    When asked about the status of the 2014 PTIN, the IRS stated, “Due to the lapse in government funding, the 2014 PTIN renewal season is delayed. An email or letter will be sent to all current PTIN holders notifying you when the 2014 renewal season opens.  The online PTIN system is still available for users […]

    Government Shutdown Over & IRS Open

    The government reopens! All governmental bodies should be open after the end of the shutdown and congress goes back to work. While offices are open, there is now a backlog of work for these governmental departments and workers, so keep in mind that call times could be longer than normal, even hours.  IRS phone lines […]

  • Time To Start Thinking About Your RTRP Test!!!

    Ladies and gentlemen, it is time to begin thinking about your plans regarding the impending Registered Tax Return Preparer exam.  As much as many of us unintentionally procrastinate, it is advisable to go ahead and begin preparing to take the test. Do not wait until the last minute. Here are a few facts about the […]

    Warning: Failure to File or Pay Penalties

    Here are eight important points about the two different penalties you may face if you file or pay late. If you do not file by the deadline, you might face a failure-to-file penalty. If you do not pay by the due date, you could face a failure-to-pay penalty. The failure-to-file penalty is generally more than […]

    IRS Warning: Congressional Inaction Risks 2013 Tax ‘Disaster’

    During the most recent Bush administration, individual income tax cuts passed which are now expected to expire at the end of this year. This year is an election year which means that politicians are waiting until after the election to decide whether or not the tax cuts will be extended. According to Accounting Today, most […]

    Another One Bites The Dust. TaxMasters Files For Chapter 11 Bankruptcy.

    Yet another company claiming to assist taxpayers with tax debt resolution files for Chapter 11 bankruptcy. From false claims of help to deceptive businesses practices, another national tax resolution company shows why it may best to go with a local tax professional. Many national tax resolution companies advertise negotiation help in resolving clients’ debt problems. […]

    Fraudulent Tax Return Could Lead To Deportation

    Two married resident aliens were convicted of willfully making, subscribing, and assisting in the preparation of a false tax return which caused the government a tax loss of over $10,000.  An immigration judge ordered the couple’s deportation. On February 21, 2012, the Supreme Court decided Kawashima v. Holder, holding that the offenses that make an […]

  • Federal Direct provides back office support to free your business up to GROW!

  • Ready to offer tax services to undocumented aliens? We have the training and support to make it happen!

  • Be your clients’ hero! Our in-house Sure & Secure IRS Audit coverage makes you a true Problem Solver!

  • Federal Direct knows the focus and dedication it takes to grow your tax business!

Want more info? We will contact you back within 1 business day