Tax Tips & Information

Medical Marijuana Business Deduction Surprise!

Many businesses sell medical marijuana in the retail sector. Of course, having legalized marijuana on a state level, makes this…

12 years ago

The Only EFIN-way: Online System to be Juggernaut of EFIN Acquisition.

The IRS recently released a statement saying that EFIN applications by paper will no longer be accepted. Effective October 1,…

12 years ago

Changes to the Online PTIN User System

Why does it seem that just before something is fully functional and working well that it needs to be changed?…

12 years ago

Next Webinar – ITINs: A General Overview and Changes to the Program

Federal Direct will be hosting a webinar covering significant changes to the ITIN program that effect all applicants in the…

12 years ago

Tax Preparer Implications of the Supreme Court Upholding Affordable Care Act

This morning the Supreme Court upheld the constitutionality of the Affordable Care Act.  The most debated issue was the individual…

12 years ago

Tax Filing Deadline Deadline Aproaches for US Taxpayers Living Abroad

US citizens working and living abroad received an extension to file of 2 months.  That deadline is just around the…

12 years ago

CAA/ITIN Application Update- Regarding Dependents

If you have a client who is attempting to get ITINs for dependents, he or she must be a parent…

13 years ago

2011 IRS Publication 17 now available

The IRS has released the final revisions to the 2011 tax year publication 17.  This publication is probably the most…

13 years ago

Earned Income Tax Credit – Preparer Fraud Penalty Increases

IRS released new information today highlighting increases in EITC preparer fraud penalties.  The standard monetary penalty has increased from $100…

13 years ago

Schedule C Clients and How Then Can Beat An Audit

IRS statistics show that approximately 4% of all returns including schedule C income eventually get audited.  Half of these returns…

13 years ago

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