by RightWay | Dec 10, 2019 | Tax Law, Uncategorized
Due Diligence Compliance is no joke! We have all heard the saying, “the best offense is a good defense”. Your best defense in a due diligence audit is knowing the rules and having the documentation/notes to back it up! Below is a summary of Preparer Due...
by RightWay | Oct 29, 2019 | IRS, Tax Law, Training
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...
by RightWay | Sep 27, 2019 | IRS, Tax Law
Not much to say on this topic but we though it was worth letting you know. For the upcoming filing season. the IRS recently announced the W-2 verification code will be going away. Why? Well, they implemented this thing called technology which makes things faster and...
by RightWay | Sep 12, 2019 | IRS, Tax Law, Training
Yeah, “Postcard” In 2018, the IRS introduced the “postcard” Form 1040. The new 1040 was promoted as a simpler version of the previous two‐pager. To “reduce” the size of the 1040, the IRS blew it apart and moved certain pieces to six new...
by RightWay | Aug 14, 2019 | IRS, Tax Law
2 Million ITIN’s set to Expire on 12/31/2019 The IRS just released a bulletin as a reminder that certain ITIN numbers need to be renewed before 12/31/2019. Click HERE to read the full article
by RightWay | Jun 10, 2019 | Business, Tax Law, Training
Right or wrong, it is common practice in the Tax Industry to classify “Tax Preparers” working for your business as Independent Contractors. But, are they really Independent Contractors? Quick side note: This is not intended as a legal opinion, nor are we...
