Next Webinar – ITINs: A General Overview and Changes to the Program
Federal Direct will be hosting a webinar covering significant changes to the ITIN program that effect all applicants in the process. This webinar will provide 1 IRS continuing education credit in the Tax Law Updates category. The webinar is scheduled for Tuesday July 17th at 5:30pm Eastern. Webinar invites have been to all Federal Direct […]
Tax Preparer Sentenced for Filing False Tax Refunds Using Client Identities
It’s a story we’ve come to know so well. The friendly tax preparer who you think you can trust ends up filing false returns and having your money deposited into his account. Once again, we see another preparer, this time unlicensed, doing the wrong thing the wrong way. Job Lopez was sentenced to 6 months […]
Federal Direct Closed on Friday in Observation of Independence Day
This Friday, July 6th, Federal Direct will be closed in observation of Independence Day. Whether you celebrate our nation’s day of independence on Wednesday or Friday, we wish you a safe and fun holiday! Normal office hours will resume on Monday, July 9th.
Tax Preparer Implications of the Supreme Court Upholding Affordable Care Act
This morning the Supreme Court upheld the constitutionality of the Affordable Care Act. The most debated issue was the individual coverage mandate element of the law which levies penalties to taxpayers who are required to purchase insurance coverage but fail to do so. Administration of the Affordable Care Act will be serviced by the IRS; […]
IRS Strengthens ITIN Requirements- What This Means For Your Office
The IRS announced today that it has put in place new “interim procedures” designed to “help protect the integrity” of the ITIN process. During this interim period, no ITINs will be accepted or assigned without original documentation, such as passports and birth certificates, or certified copies of these documents from the issuing agency. Even Certifying […]