To all California tax preparers: Stay up-to-date with CTEC renewal deadlines. Sunday the 15th is the last day to renew your CRTP license with CTEC for the coming season! Preparers with access to our California renewal package should verify that they have obtained five (5) hours of California credits, and fifteen (15) hours of Federal […]
IRS ITIN Operation info regarding ITIN Renewal Confirmation with relation to e-filing your 2016 returns in early 2017. Q. Will the IRS be sending out ITIN renewal confirmation letters after renewal? If so, what is the time frame for when a taxpayer should expect to receive one? A. IRS will issue Notices to taxpayers renewing […]
Federal Direct will be closed Saturday December 24th through Monday December 26th in observation of the holiday season and will reopen at 9am Eastern on Tuesday December 27th. We will also be closed Monday January 2nd in observation of the New Year’s holiday and will reopen at 9am Eastern on Tuesday January 3rd. Happy Holidays […]
Be aware that the IRS annual e-file shutdown for rolling their systems over to the next year’s tax calculations is coming next week, November 30th. The IRS will not accept returns electronically from this date on until they turn back on for filing in mid January 2017. The IRS’ goal is to always accept 3 […]
From all of us here at Federal Direct we would like to wish you a Happy Thanksgiving Holiday! The corporate office will be closed Thursday through Sunday and will reopen Monday morning at 9am Eastern! Also, don’t forget that November 30th is the deadline for e-filing, until the IRS turn their system back on in […]
It was no surprise that IRS Commissioner Shulman announced today that he is ending his term. We knew he planned on it. He ends his term just after the presidential election. Shulman has been the Commissioner since March 24, 2008 and his term ends on the 9th day of November of this year. He leaves […]
About five years ago, Walmart decided it really only needed two major tax preparation firms to satisfy the needs of its patrons, H&R Block and Jackson Hewitt. Before this decision, Liberty had operated 30-40 seasonal kiosks in Walmarts around the country. In a crazy game of tax-franchise “wife-swapping,” Jackson Hewitt recently assumed all of the […]
There are more than 11 million taxpayers who have requested an automatic six-month extension this year and have yet to file. October 15 is the deadline, but there are exceptions. There are always exceptions. Are you serving in Iraq or Afghanistan or a combat zone? If so, you can stop reading, but the majority of […]
The IRS has two main goals when it comes to ideal operations: fraud prevention and fast disbursements of refunds. These two distinctly different goals can be difficult to attain as the application of one could hinder the other. Essentially, the DOJ plans to take information from local prosecutions to identify patterns in the cases and […]
Information from the Return Preparer Office: The Return Preparer Office will be mailing more than 312,000 letters this week to people who have not yet scheduled an appointment to take the Registered Tax Return Preparer test. (SAMPLE RTRP NOTICE LETTER) This summer the RPO sent two different emails on this topic, but the RPO Office […]