Tax prep Tips

New Process for e-filing returns with ITINs and SSN mismatches

In past tax seasons, returns filed with an ITIN (Individual Taxpayer Identification Number) reporting wages paid had to have the…

14 years ago

Itemized Returns Now Being Accepted

The IRS is now accepting returns with Itemized deductions, First Time Home Buyer Credits, Educator Expenses, etc, that were previously…

14 years ago

2011 Standard Mileage Rates Announced

The Internal Revenue Service today issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating…

14 years ago

EITC Compliance Letters Being Sent out from IRS

Offices preparing returns that have had the Earned Income Tax Credit denied will be receiving compliance letters stressing the importance of operating…

14 years ago

American Opportunity Credit Expires this year!

When reviewing your clients' prior year tax returns be sure to check to see if they claimed any college expenses,…

14 years ago

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