With all the phishing emails relating to e-services we wanted to forward the authentic message that the IRS has been sending out today. Be on the lookout for this message coming to you fromn the IRS. It is legitimate. This Sunday, December 10th, IRS e-services will be switching over to their new Secure Access system. […]
EFIN- Electronic Filing Identification Number Is your EFIN approved? If not, where are you in the process? Have you started your registration for your tax business? PTIN- Preparer Tax Identification Number Is your PTIN renewed for the upcoming season? Are PTINs renewed for all the tax preparers in your tax business? Are you AFSP? […]
Federal Direct will close at 6 pm EST tonight, Nov. 22nd, and we will reopen on Monday, Nov. 27th, at 9 am EST. We want to wish you all a warm and wonderful Thanksgiving holiday. Spending time with our families is one of the things that we are most thankful for, especially as we prepare […]
Every tax office should have a system of self-audit to ensure that all returns are filed timely. Use form 9325 to stay organized and prevent any clients from falling through the cracks. Check your tax software for reporting tools that will allow you to separate out un-filed and/or rejected returns. Following up on the acceptance […]
Acknowledgements are taking longer than expected recently due to the modernized e-file system being swamped with returns coming in. Try not to worry too much about it, but rather, let your client know that the system is bogged down and that it should return to normal in the following week or so. The 8812 (Additional […]
There is nothing more financially terrifying than getting a letter from the IRS. Pranksters have long been able to superimpose the IRS’s logo onto a letterhead and mail it off for laughs, but now, these pranksters have grown up into identity thieving crooks using more than a letterhead. Identity thieves have an arsenal of weapons […]
The following tax forms will be accepted by the IRS during the first week of March after updating forms and completing programming and testing of its processing systems. A specific date will be announced in the near future. Form 3800 General Business Credit Form 4136 Credit for Federal Tax Paid on Fuels Form 5074 Allocation of […]
The IRS is experiencing high traffic on “Where’s My Refund?” as more tax returns come in. Because of the heavy volume of refund inquiries, the IRS anticipates “Where’s My Refund?” will have limited availability during busier periods. Due to the large number of inquiries and to avoid service disruptions, the IRS strongly urges taxpayers to […]
The Internal Revenue Service announced that it would begin accepting tax forms covering depreciation on Sunday, February 10, and forms covering education credits on Thursday, February 14, a.k.a Valentine’s Day. “This step clears the way for almost all taxpayers to start filing their tax returns for 2012,” the IRS wrote in a statement. “These forms […]