Labor Day is on Monday, September 3, 2012. Labor Day is an American Federal Holiday observed on the first Monday in September (September 3 in 2012) that celebrates the economic and social contributions of workers. Labor Day pays tribute to the contributions and achievements of American workers. It also symbolizes the end of summer for many […]

Please join us Tuesday for our webinar covering Education Credits & Tuition deductions, how to report them and which option is best for your clients.  This webinar will last approximately 2 hours, and for those of you who have signed up for an IRS continuing education package, will provide 2 CE credits in the General […]

Many businesses sell medical marijuana in the retail sector. Of course, having legalized marijuana on a state level, makes this business practice legitimate for state taxes but what about federal taxes? For federal tax purposes, since marijuana is still illegal, it prevents this business from being treated as a real business with deductible expenses. However, […]

Please join us next Tuesday for our webinar covering Education Credits & Tuition deductions, how to report them and which option is best for your clients.  This webinar will last approximately 2 hours, and for those of you who have signed up for an IRS continuing education package, will provide 2 CE credits in the […]

The IRS recently released a statement saying that EFIN applications by paper will no longer be accepted. Effective October 1, 2012, applications to become an IRS e-file provider must be submitted online. The IRS will no longer accept paper e-file applications. Become an e-file provider in 3 easy steps: 1. Create an IRS e-Services account. […]