New for the 2011 tax season all W2s will require a manual entry of clients social security number.  Software companies will no longer be allowed to prepopulate SSN onto W2s.  The reasoning behind this is related cleints having ITINs (Individual Tax Identification Number) instead of Social Security Numbers.  In past years software programs would simply populate the […]

The IRS has just released its’ adjusted mileage rates for the second half of tax year 2011. These rates will be in effect for all clients returns this coming January. Be aware, taxpayers always have the option of calculating and using actual expenses for their vehicle, but typically the mileage rates offer taxpayers the most […]

Many tax preparers are unaware that the IRS accepts e-filed returns through October 15th.  This can be both for taxpayers who owe and those who are requesting a refund.  If you have any questions about e-filing after April 18th please feel free to contact our year round tax and technical support team at .

Many people are under the misconception that filing a tax extension will allow for a delay in having to pay tax liability.  This is not the case!  An extension simply allows a 6 month stay in having to submit a completed tax return.  An estimated tax payment must be submitted along with the extension filing […]

While most tax offices have already experienced a considerable slow down from the peak weeks of late January and early February, do not become complacent and overlook the revenue potential that can come from the last minute crowd!  While most of these last minute filers will not choose bank products, they certainly are worthy clients […]