Shutdown begins on Saturday, November 18th, 2020, at 11:59 p.m. Eastern time, in order to prepare the system for the upcoming Tax Year 2020 Filing Season. Any returns not in accepted status will either need to be mailed or e-filed after e-filing turns on for the upcoming tax season in January. ***Revision to the e-file […]
IRS.gov/ptin is open for renewals for the coming year. Log into or, if you’re a new preparer, create your PTIN account, verify personal information, and pay for your PTIN. Payment is now required again after many years of no charge. Pay the $35.95 renewal fee via credit/debit/ATM card or eCheck. Upon completion of your application […]
Under the Protecting Americans from Tax Hikes (PATH) Act, ITINs that have not been used on a federal tax return at least once in the last three consecutive years and those issued before 2013 will expire. This year ITINs with middle digits 88 will expire Dec. 31, 2020. Additionally, ITINs with middle digits 90, 91, […]
Having a well-rounded training program is important for any tax office, but it is vital for a tax office looking to penetrate the market. Independent tax offices have several areas of training on which to focus. No one comes to a tax professional with the easy stuff! They come to you because you are versed […]
Current Federal Direct Discounts: *30% off all Tax Partnerships through July 4th, 2022 *Federal Direct 10% Military Discount on all partnerships *Professional courtesy discount available to EAs, CPAs and Attorneys with current license is $1,000 discount on Platinum, $400 discount on Gold *All 2020 Gold & Platinum partnerships include Tax Messenger and Electronic Signature utilities […]
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.