E-filing for taxes in 2018 will be shut down on November 17th at 10 pm filing center time. The shut down marks the beginning of preparation for the upcoming tax filing season which is slated to begin in mid to late January 2019. Once e-filing is turned back on, tax returns for 2016, 2017 and […]
If you are a FD partner and would like a nice pop up stand for your office or retail location, send an email to mkg@fd.tax. Be sure to give your shipping address. These marketing pop up stands are about 5 ft tall and about 2 ft wide. We will send these out free of charge […]
As the first major tax reform legislation in more than 30 years, the TCJA has made significant changes to the tax code which affects individuals, business and tax exempt organizations. The IRS is tasked with updating or creating about 450 forms, pubs and instructions. In addition to updating the forms, the IRS will also have […]
This tax season will be especially turbulent with the new pre-season tax loans and preparing estimates using the new tax law. Pre-season tax loans, up to $5,000, will be approved as a percentage of the refund and the approval will be based on return criteria (as in the past). However, this year, you will be […]
If you’re thinking about starting a tax preparation business from home, then you’re in good company. For many new tax preparers, this is a great way to get started and build some tax preparation experience while having the lowest amount of overhead as possible. In addition to reducing your overhead, you’ll be able to deduct […]
ITINs – Recent changes to the ITIN program and a general overview on the filing process. Join us for a Webinar on July 22 Space is limited. Reserve your Webinar seat now at: https://www4.gotomeeting.com/register/325968471 This course will cover the continuing changes to the ITIN program, affecting how to file and get ITINs for your […]
Tax Business Owners take note: The previously scheduled IRS furlough day due to budget constraints of Monday, July 22nd has been cancelled, and the IRS will be on the job. We will continue to update you on the status of the next scheduled agency-wide employee furlough day, August 30, 2013, as more info from the […]
The Internal Revenue Service has issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements. The White House and the Treasury Department posted announcements about the delay last week on blogs (see Obama […]
In a completely unsurprising turn of events, the GOP is proposing a 24% budget decrease for the IRS as punishment for recent events. The recent events that actually call for the reduction are up for speculation, but many things have been putting the IRS in a unwanted spotlight lately. For example, the 4.1 million dollar […]
The Internal Revenue Service plans to end the Disclosure Authorization and Electronic Account Resolution on August 11th 2013. The Service claims that these electronic services aren’t used much and account for only 3% of all account-related issues. Tax practitioners are irate. It’s a newer service much faster than calling and waiting on hold. After the […]