EFIN- Electronic Filing Identification Number Is your EFIN approved? If not, where are you in the process? Have you started your registration for your tax business? PTIN- Preparer Tax Identification Number Is your PTIN renewed for the upcoming season? Are PTINs renewed for all the tax preparers in your tax business? Are you AFSP? […]
Federal Direct will close at 6 pm EST tonight, Nov. 22nd, and we will reopen on Monday, Nov. 27th, at 9 am EST. We want to wish you all a warm and wonderful Thanksgiving holiday. Spending time with our families is one of the things that we are most thankful for, especially as we prepare […]
Every tax office should have a system of self-audit to ensure that all returns are filed timely. Use form 9325 to stay organized and prevent any clients from falling through the cracks. Check your tax software for reporting tools that will allow you to separate out un-filed and/or rejected returns. Following up on the acceptance […]
Last day to e-file returns will be November 18th, 2017. Until that day, you can e-file tax returns from 2014, 2015, and 2016. Once e-filing opens back up for the coming season, then you will be able to e-file returns for 2015, 2016, and 2017.
Another day, another lawsuit. This time the plaintiffs argued that the IRS’s interpretation of the ACA was contrary to the statute, which, they asserted, authorizes tax credits only for individuals who purchase insurance on state-run exchanges, but not on federal exchanges. The court ruled “that the plain text of the statute, the statutory structure, and […]
The IRS is working on switching over to more automated tax payer services intended to reduce the cost of manpower required to handle tasks that can be easily handled with online applications. Amendments are now trackable on the IRS’s website. Your refund can be tracked, as well. You can get your transcripts on the website. […]
Last tax season marked an increasing level of noncompliance by tax preparers with the Internal Revenue Service’s due diligence reporting requirements for the Earned Income Tax Credit, according to a new report reviewing the IRS’s performance during the delayed tax season. The report, from the Treasury Inspector General for Tax Administration, found that as of […]
According to IR-2013-100, the IRS plans to open the 2014 filing season on January 31. The IRS cautioned that it will not process any tax returns before January 31, so there is no advantage to filing on paper before the opening date. Until tax season officially begins, the stockpiling rule doesn’t apply. The April 15 […]
John Koskinen, a 74-year-old multimillionaire with a resume full of accomplishments, will be the new Commissioner of the IRS. The Senate Finance Committee approved his nomination Friday.
EFIN- Electronic Filing Identification Number Is your EFIN approved? If not, where are you in the process? Have you started your registration for your tax business? PTIN- Preparer Tax Identification Number Is your PTIN renewed for the upcoming season? Are PTINs renewed for all the tax preparers in your tax business? Are you AFSP? […]
Federal Direct will close at 6 pm EST tonight, Nov. 22nd, and we will reopen on Monday, Nov. 27th, at 9 am EST. We want to wish you all a warm and wonderful Thanksgiving holiday. Spending time with our families is one of the things that we are most thankful for, especially as we prepare […]
Every tax office should have a system of self-audit to ensure that all returns are filed timely. Use form 9325 to stay organized and prevent any clients from falling through the cracks. Check your tax software for reporting tools that will allow you to separate out un-filed and/or rejected returns. Following up on the acceptance […]
Last day to e-file returns will be November 18th, 2017. Until that day, you can e-file tax returns from 2014, 2015, and 2016. Once e-filing opens back up for the coming season, then you will be able to e-file returns for 2015, 2016, and 2017.