One component of becoming an e-file provider is getting fingerprinted for a background check. This has traditionally been completed with paper fingerprint cards which were mailed to the IRS and matched to the applicant’s application. However, as of September 25th the IRS will be implementing a new electronic fingerprinting process which will require an applicant […]
The corporate offices of Federal Direct Tax Services will be closed on Friday, 5/27/2022 through Monday, 5/30/2022 in observation of Memorial Day. The office will reopen on Tuesday, May 31st, 2022 at 9 am eastern time.
The IRS is currently in works to migrate all of the following e-services products and applications to an online portal serviced by ID.me (an IRS trusted technology provider): • Affordable Care Act (ACA) for Transmitter Control Code (TCC) • Application Program Interface (API) Client ID Application • e-File Application • Information Returns (IR) for TCC […]
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 […]
Hot off the presses! IRS HUB Testing to start tomorrow, January 18th and continue through Friday January 21st. Tax returns intended for early processing can be submitted now! What is IRS HUB Testing? -This is when the IRS pulls and processes returns that have been submitted as part of a controlled test launch of the e-file […]
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.
According to Accounting Today, average fees for tax prep are rising. While it certainly does depend on which forms you need, all tax prep fees are steadily increasing a few percentage points, and will very likely continue to rise as the individual mandate is facilitated through tax filing.
John Koskinen, President Barack Obama’s nominee to run the U.S. Internal Revenue Service, said at a Senate panel’s confirmation hearing that he would work to restore the public’s trust in the tax agency. “With 95,000 employees and the range of challenges the agency faces, mistakes will happen,” Koskinen said today in prepared testimony for the […]
The IRS is starting this year’s Earned Income Tax Credit due diligence compliance audits of return preparers. To select preparers for audits, the service will “look at returns with a high chance of errors competed by the same preparer,” according to the IRS.gov. The audits review at least 25 EITC returns for the preparer’s due-diligence […]
This coming tax year will be host to some new tax forms that will probably be around for the long haul. The new forms relate to the impending facilitation of the Patient Protection and Affordable Care Act (Obamacare) and the child tax credit. New forms to the 1040 series package: -Form 8959, Additional Medicare Tax […]