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...
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...
Did You Notice?

Did You Notice?

DID YOU NOTICE? For all of our pro-online users, we’ve added a little surprise. If you already noticed what were about to share prior to this post, get yourself a cookie   Wait? Notice What?   As a refresher… In the past, the platform has always...
2021 Tax Season PTIN Registration – OPEN

2021 Tax Season PTIN Registration – OPEN

FYI – PTIN Registration is Open! The IRS published a News Release on July 15, 2020 stating in summary: The IRS set a $21 fee per Preparer Tax Identification Number (PTIN) application or renewal (plus a $14.95 fee payable to a contractor). Anyone who prepares or...