The Internal Revenue Service will open the doors to dozens of its Taxpayer Assistance Centers across the country this coming Saturday, July 16, 2011, to answer taxpayer questions and provide help with tax filing issues. This special event is particularly intended for people who want to make a “fresh start” by taking steps to have […]

Note to all offices preparing MN state tax returns – Minnesota has placed their state government offices and agencies on a skeleton schedule while they attempt to pass an acceptable budget.  This state processing shutdown will have an effect on any clients that are currently waiting for a MN state tax refund, as they are […]

New for the 2011 tax season all W2s will require a manual entry of clients social security number.  Software companies will no longer be allowed to prepopulate SSN onto W2s.  The reasoning behind this is related cleints having ITINs (Individual Tax Identification Number) instead of Social Security Numbers.  In past years software programs would simply populate the […]

Tax Preparers were required to get a Preparer Tax Identification Number last tax season.  Those PTINs were initially scheduled to expire one year, to the day, from when they were issued.  That time frame has been changed by the IRS, now all PTINs will expire on 12/31 of the following year.  This translates to anyone […]

The IRS has just released its’ adjusted mileage rates for the second half of tax year 2011. These rates will be in effect for all clients returns this coming January. Be aware, taxpayers always have the option of calculating and using actual expenses for their vehicle, but typically the mileage rates offer taxpayers the most […]