Upcoming Deadlines for TY2017, Processing year 2018
Reminder – Federal Partnership and S Corp Returns Deadline is March 15, 2018 Remember, the federal filing deadline for federal calendar year partnership (1065) and S Corporation (1120S) returns is Thursday, March 15, 2018. For returns that are rejected on March 15, the return will be considered timely filed if it is re-transmitted and accepted […]
February 28th is last day to apply for Tax Refund Advance
Tomorrow, Feb. 28th 2018, is the last day to apply for Fast Cash Advances, but traditional bank products will continue to be available through the end of October.
IRS Funding for EITC returns & Clients effected by the Extenders Bill
The first large IRS funding for the tax season should hit this week, with early filed clients starting to see refunds posting as early as tomorrow evening. We suggest directing taxpayers to the IRS’ “Where’s My Refund” tool on the IRS’ webpage: www.irs.gov for information on their individual refund dispersal. Confirm that you have an […]
Hub Testing Closed & Upcoming Outages
-IRS HUB testing officially closed at 5PM Eastern Today. -Returns can still be “e-filed” but no acks will be coming back until Monday Upcoming Outages: -1/30/18 from 5AM – 9AM TWO will be offline for maintenance = Unavailable. -1/30/18 the EFC will be offline from 10pm – 2AM for maintenance, returns can still be […]
IRS e-services Secure Authentication – You need to do it!
If you have not already signed into your e-services account and gone through the Secure Authentication process to add 2-Factor Authentication to your e-services account, you are doing yourself and your tax business a real disservice. 9 out of 10 e-services users can complete this process online and in less than 10 minutes. To initiate […]
Say “Goodbye” to These Common Tax Deductions
Tax planning help may be needed for taxpayers who, through a combination of tax credits, usually receive a tax refund as opposed to owing, which may be just the opposite in the next couple of years as many common and often used tax credits are set to expire. The following common tax deductions and credits […]
4th Largest Tax Prep Chain in US Shut Down by Federal Gov.
Instant Tax Service has had their doors closed by US district court Judge Timothy Black. Instant Tax was said to have been promoting a “culture of fraud and deception” within its franchisee base. Along with promoting unrealistic and undeliverable refund options to clients, Instant Tax was also sited for filing returns based off of pay […]
2014 IRS PTINs Now Available!
Anyone who, for compensation, prepares or helps prepare any federal return or claim for refund must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on returns prepared. “We ask that you renew your PTIN as soon as possible to avoid a last-minute rush. It’s easy to let […]
Tax Season Delayed & IRS Sorting 1.4 Million Letters
Citing the need for “adequate time to program and test tax processing systems,” the service announced that it expected a one- to two-week delay in the start of tax season, and that it would start accepting and processing 2013 individual tax returns no earlier than Jan. 28, 2014, and no later than February 4. Tax […]
IRS to delay 2013/2014 e-filing season…Again!
Late breaking news: IRS to delay the start of e-filing season again this year, blaming the recent government shutdown. While the IRS reserves the right to issue the final decision for the start of the 2014 filing season until December they are estimating the start date being pushed back from the original date of January […]