Federal Direct Closed on Friday in Observation of Independence Day
This Friday, July 6th, Federal Direct will be closed in observation of Independence Day. Whether you celebrate our nation’s day of independence on Wednesday or Friday, we wish you a safe and fun holiday! Normal office hours will resume on Monday, July 9th.
Tax Preparer Implications of the Supreme Court Upholding Affordable Care Act
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; […]
IRS Strengthens ITIN Requirements- What This Means For Your Office
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 […]
2 FREE CE Credits – This Friday
We will be hosting a webinar this Friday at 5:30pm Eastern covering Circular 230 and tax preparer ethics. Attendance to this webinar and 2 CE credits are FREE for Federal Direct partners. The webinar will last for approximately 100 minutes and will attendance will provide 2 Ethics CE credits toward 2012 continuing education credits for […]
Immigration Policy Update: HSA Announces Deferred Action Process for Young People
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 […]