by RightWay | Mar 31, 2021 | Uncategorized
IRS WILL AUTO RECALCULATE TAXES ON UNEMPLOYMENT Quick Summary: Taxpayers who filed prior to change to the handling of Unemployment Benefits IRS will AUTO Recalculate IRS will refund any resulting overpayment or apply to outstanding taxes owed The first refunds are...
by RightWay | Mar 17, 2021 | Uncategorized
IRS Announces Filing Deadline has been extended till May 17. Click Here to read full IRS Bulletin
by RightWay | Jan 9, 2021 | Software, Uncategorized
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...
by RightWay | Dec 31, 2020 | Uncategorized
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...
by RightWay | Dec 9, 2020 | Uncategorized
IRS: Tax Tip 2020-168 Identity Protection PIN Program will soon be available to Taxpayers Nationwide IP Pins can present challenges/frustrations for both you and your client. We recommend familiarizing yourself with the options these tools present. Link to the full...
by RightWay | Nov 18, 2020 | Uncategorized
1099-NEC = NEW FORM Form 1099-NEC is used by payers to report payments of $600 or more made in the course of a trade or business to others for services. Prior to 2020, these payments were reported in box 7 on Form 1099-MISC. Payers must provide a copy of 1099-NEC to...
