Reminder: Filing Deadline Approaching
For taxpayers who had previously requested extensions, the tax filing deadline is approaching. The filing deadline is October 15th and the IRS suggests that returns are e-filed as it is the easiest, safest and most accurate way to file, but if you chose to paper file, be sure that the tax return is postmarked by […]
IRS Warns of new Impersonation Email Scam
At a security summit held by the IRS and its security partners, IRS reminds everyone that they will not send unsolicited emails and they never email taxpayers about the status of refunds. The IRS warns of phishing email scams from bad actors pretending to be the IRS in a new, but not uncommon, scheme to […]
Federal Direct Tax Services Discounts & Coupons
Federal Direct Tax Services is happy to extend the various discounts on tax software & partnerships: Federal Direct 10% Military Discount on all partnerships. Professional Courtesy Discount is available to industry professionals, Enrolled Agents and CPAs with current licensure. The Professional Courtesy Discount is $1,000 off Platinum level partnership and $400 off Gold partnership.
“Can I still be a tax preparer if I owe the IRS?”
Yes, you can. However, if you owe the IRS, you will need to get compliant with your tax debt and get all your returns filed before you can become a tax preparer. File any previously unfiled returns, and pay your debt or set up payment arrangements. After a few months of regular payments on a payment […]
E-services & E-filing Down Over Memorial Day Weekend
If you have returns to send, send them today, tomorrow, or after the holiday. E-filing and e-services systems will be unavailable from midnight Eastern Time on Friday, May 24, through 7 a.m. EST on Tuesday, May 28.
DC District Court Upholds Obamacare Tax Credit Provisions
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 […]
IRS Using More Automation For Taxpayers
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. […]
IRS May Fine 122,133 Paid Tax Preparers $345 Million in Penalties
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 […]
2014 Tax Season Opens on January 31st
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 […]
New IRS Commissioner Koskinen Approved
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.