President instructs IRS to Change April 15 Tax Filing Deadline Due to Coronavirus. The President’s national address last night indicated that we will be seeing action by the Treasury Department and IRS to waive the late filing penalties & interest for those missing the April 15, 2020 deadline due to the Coronavirus. Specific details are […]
Microsoft’s Windows 7 operating system turns 10 years old this month! While this has been the “go-to” operating system for many years, Microsoft has decided to end the operating system’s support in January of 2020. Once this happens, Microsoft will no longer be providing technical assistance or software updates for Windows 7, including security updates. […]
For taxpayers who had previously requested extensions, the tax filing deadline is approaching. The filing deadline is October 15th and the IRS suggests that returns are e-filed as it is the easiest, safest and most accurate way to file, but if you chose to paper file, be sure that the tax return is postmarked by […]
At a security summit held by the IRS and its security partners, IRS reminds everyone that they will not send unsolicited emails and they never email taxpayers about the status of refunds. The IRS warns of phishing email scams from bad actors pretending to be the IRS in a new, but not uncommon, scheme to […]
Federal Direct Tax Services is happy to extend the various discounts on tax software & partnerships: Federal Direct 10% Military Discount on all partnerships. Professional Courtesy Discount is available to industry professionals, Enrolled Agents and CPAs with current licensure. The Professional Courtesy Discount is $1,000 off Platinum level partnership and $400 off Gold partnership.
Due to continuous budget cuts for the IRS, the Agency has proposed plans to raise fees for programs that help taxpayers who are struggling with enormous tax debt. These proposed raise will be on fees which are charged for an Offer in Compromise or fees to set up payment installation agreements. These fees have not […]
Remember that report stating that folks with out bank accounts were going to face a ton of problems? Well, that crisis has been avoided. The Obama administration said Wednesday that there will be a rule preventing health plans from not accommodating households that do not have traditional bank accounts. An estimated 8.5 million people without […]
This week the IRS Return Preparer Office is mailing letters to approximately 3,000 return preparers who are preparing tax returns without a valid preparer tax identification number (PTIN). Letter 4731 is being sent to 1,100+ people who are using a legacy PTIN that was obtained prior to September 2010 and has never been renewed in the new […]
The IRS has set preliminary rules for disclosing taxpayer tax return information to the insurance exchanges, also called “marketplaces” (not currently set up), to help in determining who is and who is not eligible for the “premium tax credit.” For taxpayers whose income is relevant in determining eligibility for an insurance affordability program, Medicaid, CHIP, […]
According to Accounting Today, the IRS will be extending the time before the retirement of the Electronic Account Resolution services on the IRS’s website. The IRS plans to extend the applications for three more weeks. There has been and continues to be much outrage over the shutting down of the system when there are drastic […]