Tax professionals can find the new “Submit Forms 2848 and 8821 Online” on the IRS.gov/taxpro page. Tax professionals must have a Secure Access account, including a current username and password, or create an account in advance of submitting an online ...
To keep client data safe when working from home this tax season, it is important to understand potential risks when sharing information electronically, and how to manage these risks effectively. Consider the following.
This automation of information will give tax professionals the ability to complete 80% of tax planning for their clients when collecting tax preparation documents. The tax planning calculation covers dozens of strategies, multiple entities, and ...
Three state chapters of the National Association of Tax Professionals (NATP) will celebrate major milestones in 2021: the New Mexico NATP chapter is celebrating 25 years as a chapter; the Maine NATP chapter is celebrating 25 years as a chapter; and the...
The fastest way to get a tax refund is by filing electronically and choosing direct deposit. Direct deposit is free, fast, simple, safe and secure. Taxpayers can even split their refund to have it deposited into one, two or three different accounts. Eight out of 10 taxpayers get their refunds by using direct deposit. The […]
2020 made one thing extremely clear to tax professionals: the ability to manage their practices online is now an operational and competitive necessity. Thanks to a new partnership between TaxAct and TaxDome, tax professionals are now able to modernize ...
Employers have the option to defer certain employees’ Social Security taxes from Sept. 1, 2020, to Dec. 31, 2020. Any taxes deferred under Notice 2020-65 are withheld and paid ratably from employee wages between Jan. 1, 2021, until April 30, 2021.
This chart shows an estimated date for when you may receive your refund: The Covid stimulus payments you received in 2020 (and the second check whether you received it in 2020 or 2021) will NOT decrease your tax refund.