Federal Direct’s next webinar will be covering Tax Office Marketing.  This webinar will go through the custom marketing programs available in your partner portal, debut the new partner website design, and break down the new low cost “To Every Door” direct mail campaign that any tax office marketing on a budget should be aware of!  […]

The IRS will be filing all returns through the new Modernized E-File (MEF) system this coming tax season.  This translates to your clients getting their refunds in as little as 5 days.  This represents a reduction in refund delays by 2 days.  The IRS reserves the right to delay returns with questionable Earned Income Tax […]

PTIN renewal for the coming tax season is now available.  The 2011 system was made operational October 20th.  All paid tax return preparers must obtain or renew Preparer Tax Identification Number (PTIN). If you have a PTIN that was issued in 2010, the renewal fee is $63.00.  If you are applying for the first time, […]

As well as registering with the IRS on a federal level NY state tax return preparers must also register with the New York Department of Finance and Taxation.  You must register if you are a tax preparer who prepares at least 1 New York state tax return, or if you will be offering bank product […]

The IRS incorrectly distributed approximately 80,000 notices to taxpayers stating that they needed to begin repayment of their first time homebuyer’s credit.  Many of these mistakenly sent out statements were sent to taxpayers who purchased their homes in 2009, who do not need to repay the credit at all.  Also the IRS attempted to identify […]