Best Tax Software

  • From the Shoebox to the Tax File

    It’s the client most dreaded by tax preparers – the individual or small business manager who literally shows up to have their taxes prepared armed with only a boxful of receipts and unorganized statements.  The issue is not whether it is a box, or a file, or even a handful of paper.  It is, rather,…

  • Press Release: Filing Fake Documents to Hide Income Is Again on the IRS “Dirty Dozen” List of Tax Scams

    WASHINGTON — Hiding taxable income by filing false Form 1099s or other fake documents is a scam that taxpayers should always avoid and guard against, the Internal Revenue Service said today. This scheme is one of those on the annual “Dirty Dozen” list of tax scams for the 2015 filing season.  “The mere suggestion of…

  • Press Release: Fake Charities Among the IRS “Dirty Dozen” List of Tax Scams

    WASHINGTON — The Internal Revenue Service today warned taxpayers about groups masquerading as a charitable organization to attract donations from unsuspecting contributors, one of the “Dirty Dozen” for the 2015 filing season.  “When making a donation, taxpayers should take a few extra minutes to ensure their hard-earned money goes to legitimate and currently eligible charities,”…

  • Press Release: IRS Launches Directory of Federal Tax Return Preparers; Online Tool Offers New Option to Help Taxpayers

    WASHINGTON—The Internal Revenue Service today announced the launch of a new, online public directory of tax return preparers. This searchable directory on IRS.gov will help taxpayers find a tax professional with credentials and select qualifications to help them prepare their tax returns. “This new directory will be a practical tool for the millions of Americans…

  • IRS Technical Guidance and Notices

    Notice 2015-3 provides rules for claimants to make one-time claims for the retroactively extended 2014 biodiesel mixture and alternative fuel excise tax credits.  It also provides guidance for claimants to claim the other retroactively extended credits for 2014, including the alternative fuel mixture excise tax credit. This will appear in IRB 2015-6 dated February 9,…

  • IRS Letters to Tax Preparation Professionals

    Beginning in November 2014, the Internal Revenue Service began its sixth year of a hands-on effort to improve the accuracy and quality of tax returns and to heighten awareness of preparer responsibilities. Letters sent for this tax season currently include: 

  • NYS Tax Department Launches NY’s First Tax Preparer Continuing Education Program

    Continuing education is phase two of New York’s first tax preparer regulations; training is vital because 70% of New Yorkers hire tax preparers each year. The New York State Department of Taxation and Finance today launched the continuing education component of New York’s historic regulations to protect consumers who hire tax preparers.   The training program…

  • Two Styles; One Successful Practice

    The Challenge: Melding two management styles and different levels of experience into a single, client-focused tax practice. The Solution: Recognizing that clients have differing needs, firms need a careful blend of professionalism, responsiveness and quality. Plus strong partnerships both inside and outside of the firm. If there is such a thing as a romantic tax…

  • IRS Publishes One-Page Guide to Exemptions to the Health Coverage Requirements of the ACA

    This provides information for taxpayers who qualify for and may claim exemption from minimum essential coverage so that they do not need to make individual shared responsibility payments when they file their federal tax returns. The Congressional Budget Office and Congress’s Joint Committee on Taxation estimated in a report they released last week that nearly…

  • Oregon Tax Preparers who Preyed on Immigrants are Shut Down…

    Oregon Tax Preparers who Preyed on Immigrants are Shut Down, officials say The Oregon State Board of Tax Practitioners, in cooperation with the Oregon Department of Justice, recently put two Oregon tax preparers out of business.   In February, the Board of Tax Practitioners levied a $22,350 fine against Aracely Hernandez of Hillsboro. She prepared…