According to Accounting Today, the IRS will be extending the time before the retirement of the Electronic Account Resolution services on the IRS’s website. The IRS plans to extend the applications for three more weeks. There has been and continues to be much outrage over the shutting down of the system when there are drastic […]
New York Governor Andrew M. Cuomo announced a new initiative Monday to encourage individuals who owe significant back taxes to the state to pay their bills by suspending their New York State driver licenses when their past-due tax liability exceeds $10,000. The crackdown is the result of legislation introduced as part of the executive budget […]
What is the hottest topic this off season? ObamaCare! This Affordable Care Act webinar will go over the latest provisions of the Patient Protection and Affordable Care Act to get your office up to speed for the coming tax season. Be able to answer the most common questions that your clients will be asking when […]
The Internal Revenue Service’s Return Preparer Office said it is sending letters to 3,000 tax preparers who failed to use a valid Preparer Tax Identification Number. Letter 4731 is being sent to more than 1,100 people who are using old PTINs that were obtained prior to September 2010 and have never been renewed in the […]
IRS e-services will be unavailable Saturday August 27th through Sunday August 28th for implementation of a system wide upgrade.
Many offices have clients who have been struggling to get official W2s from their employers. Now that we have hit February 14th the IRS will accept these returns with a substitute W2 form attached (form 4852). This will allow you to e-file the tax return as long as you have the employers EIN, which can […]
The first week of the tax season has seen some interesting actions taken by the IRS. They have actively taken aim at both high fraud tax offices and check cashing facilities that seem to consistently be in the middle of of these problematic returns. In prior years, the IRS has taken more of a reactionary […]
The IRS released insight that tax returns filed between the 17th and 24th are experiencing delays in funding, but returns filed after that 24th should be back inline with the standard funding cycle. IRS fraud detection systems are at the root of the delays. Over $800,000 in fraudulent tax filings were said to have been […]
The IRS’ PTIN website for renewing and obtaining Preparer Tax Identification Numbers has been a challenge this year, to say the least. Ever since mid December, the PTIN site has been broken and under maintenance more than it has been up. New PTIN applicants have not been able to complete the process and pay for […]
Due to previously scheduled maintenance on IRS systems, the PTIN system will be unavailable for NEW applications from 5:00 PM ET on Friday, December 23 until approximately 9:00 AM ET on Monday, January 9. Preparers are still able to renew existing PTINs during this window. We sincerely apologize for the inconvenience.”