Economic Impact Payments – Debit Cards

Economic Impact Payments – Debit Cards

IRS COVID Tax Tip 2021-02, January 14, 2021   Millions of taxpayers will receive their second Economic Impact Payments by Debit Card Quick Summary: The Treasury Department and the IRS are issuing millions of second Economic Impact Payments by prepaid debit card...

Software Updates : EIP | Income Look Back

Navigation Instructions In this brief post we are providing navigation instructions to new forms and worksheets related to Economic Impact Payments and the Relief Act, Income “Look Back” Provision for certain tax credits. Pro-Online – Click Links...

January 2, 2021 – Begin Accepting Live Returns

Accepting Transmissions – 01/02/2021 We will begin accepting live tax returns on January 2, 2021. Any returns that are transmitted prior to January 2, 2021 will be considered test returns and will be deleted from our transmission servers. Returns that are...
Cares Act – Potential Impacts on Clients 2020 Taxes?

Cares Act – Potential Impacts on Clients 2020 Taxes?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act may impact many American’s 2020 taxes. You might be asking, specifically, what are and who is affected? Well, those are the questions this article will address. 2020 Retirement Plan Distributions  One of...
2020 – IRS Tax Forms Update

2020 – IRS Tax Forms Update

In this article we have compiled the major IRS form updates for tax year 2020. Many of these forms are specific to dealing with Covid-19 and the reemergence of an old classic (1099-NEC) New tax forms for 2020    Form 1099-NEC The 1099-NEC disappeared in the early...