The Internal Revenue Service (IRS) will be shutting down its Modernized e-File (MeF) system on November 18th, 2023, for annual maintenance. This means that taxpayers will not be able to e-file their individual income tax returns during this time. The MeF system is used by both taxpayers and tax preparers to e-file individual income tax […]

The PTIN portal is officially open for new 2024 PTINs and for PTIN renewals for 2024. A little bit of good news is that the price is a little less than it was last year. The fee to renew or obtain a PTIN for 2024 is $19.75. The fee is set at $11 per application […]

Being a professional tax preparer is a challenging role, but with the right tax preparation program, it can be much easier. In today’s digital age, numerous software solutions are available to simplify the process, but choosing the best one for your specific needs can be overwhelming. Let’s walk through the key considerations to help you […]

Obtaining an Electronic Filing Identification Number (EFIN) is crucial for tax professionals to electronically file tax returns on behalf of their clients. However, there may be instances where your EFIN application gets rejected or denied. While this can be disheartening, it’s essential to remember that you have the right to appeal the decision. In this […]

Tax franchises can provide a convenient way for individuals to start a tax preparation business, but for some, they can be a hindrance to growth and profitability. If you find yourself in a tax franchise agreement that no longer serves your best interests, it is essential to explore your options for getting out. Here are […]