Tax Talk

We all had our suspicions regarding the reasons for the recent announcement of the Interim Period during which drastic changes are affecting the ITIN process. Some of our early guesses circulated around fraud, of course, but it was only based on the fraud potential on the  “taxpayers” part, and not necessarily confirmed fraud.  A man, […]

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 […]

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 […]

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.

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; […]