Tomorrow is Last Day to File Corporate Returns…Ante Up or File Extension.
If you don’t have all your ducks in a row, don’t worry too much. You can always file a corporate return extension, BUT remember that filing an extension does not give you more time to pay what you owe. Penalties and interest will accrue, and those amounts are nothing to joke about. Corporate tax returns […]
Education Credits Causing Additional Delays for Taxpayers.
If you filed your tax return with form 8863 for Tax Education Credits, you might be receiving this 8863 Letter in the mail requesting more information. Typically, this is just a request for more information relating to credit eligibility. In this case, it seems that 4 of the questions on the form are either not […]
IRS MeF System Overwhelmed/ Update for 8812
Acknowledgements are taking longer than expected recently due to the modernized e-file system being swamped with returns coming in. Try not to worry too much about it, but rather, let your client know that the system is bogged down and that it should return to normal in the following week or so. The 8812 (Additional […]
Required Update Today for Desktop- All Forms Will Be Accepted 3/5/13.
The latest update to your software includes new schemas and forms which have previously not been released due to their not having not been approved by congress and the IRS. Call in to get updated! List of forms in start-up: Form 3800 General Business Credit Form 4136 Credit for Federal Tax Paid on Fuels Form […]
Fake IRS Emails, Calls, Letters More Prevalent.
There is nothing more financially terrifying than getting a letter from the IRS. Pranksters have long been able to superimpose the IRS’s logo onto a letterhead and mail it off for laughs, but now, these pranksters have grown up into identity thieving crooks using more than a letterhead. Identity thieves have an arsenal of weapons […]