Is your Tax Business setup the RightWay

Is your Tax Business setup the RightWay

As a tax preparer, you’re already well-versed in the tax laws that affect small business owners. This article is meant to serve as a guide to ensure you are compliant in your own business. From choosing a legal structure to collecting tax info for your employees,...
2021- PTIN Fees are back :(

2021- PTIN Fees are back :(

IRS announces 2021 PTIN Fees for tax return preparers  WASHINGTON — The Internal Revenue Service announced today the annual fee for 2021 that tax return preparers must pay to apply for or renew their Preparer Tax Identification Number (PTIN). In final...
E-file – 1040X

E-file – 1040X

IRS ANNOUNCES THE ABILITY TO ELECTRONICALLY FILE 1040-X We will be rolling out electronic filing for the 1040X over the next several weeks.  We anticipate enabling the ability in Pro Online by the end of September.   We will post updates as well roll this out across...
Refund Checks a little larger than Expected?!

Refund Checks a little larger than Expected?!

Over the last few weeks we received a number of calls regarding taxpayers refund checks being slightly larger than anticipated. We correctly concluded the difference had to be interest payments from the IRS. We have never seen so many payments with interest but...
E-file Shutdown/Cutover Date

E-file Shutdown/Cutover Date

1040 MeF Cutover Date and Time The IRS just put out a Quick Alert for Tax Professionals alerting everyone to the upcoming e-File Shutdown. Every year the IRS shuts down the e-File system to prepare for the upcoming tax season. The date for this years cutover is...