Billing Clients

  • IRS Issues “Plus $500” Last Call for SSI, VA Beneficiaries with Dependents

    May 5, 2020, is the EIP-reporting deadline for SSI and VA beneficiaries with qualifying dependents. The Internal Revenue Service today issued a “plus $500” last call for Supplemental Security Income and Veterans Affairs beneficiaries who can claim dependents. After May 5, they will not be able to use the Non-Filers: Enter Payment Info Here tool…

  • May 2020 Enrolled Agent Exam Cancelled due to Coronavirus

    The Internal Revenue Service says it had to delay the Special Enrollment Examination (SEE) tests for Enrolled Agents that was slated for May due to the coronavirus pandemic. Prometric, the company that does SEE testing for the IRS has closed its testing centers in the US and Canada through May 31 because of the pandemic.…

  • Hunting, Fishing Tax Hits the Mark

    It’s not often that a federal tax gets high marks for its results, but the Tax Foundation points to one in particular that hits the bullseye. The foundation’s Ulrik Boesen writes that an excise tax on firearms and other hunting and fishing gear is feeding tax proceeds back into projects that ultimately benefit outdoorsmen paying…

  • Can I Buy OTC Medication with FSA, HSA, and HRA Funds?

    The CARES Act removes an ACA limitation on using FSA, HSA, and HRA funds to pay for over-the-counter medication. The CARES Act—famous for authorizing the $1,200 Economic Impact Payments that Americans have begun receiving—also includes important, coronavirus-related changes for flexible spending accounts (FSAs), health savings accounts (HSAs), and health reimbursement arrangements (HRAs). This isn’t the…

  • IRS Announces Suspension of CAF Service

    The Internal Revenue Service last week announced yet another service that will be temporarily closed due to social-distancing measures the agency has put in place to protect employees from the COVID-19 outbreak. In addition to the growing list that includes the Income Verification Express Service (IVES), IRS National Distribution Center, live phone support, and paper-tax-return…

  • Change Coming for PTIN User Fees?

    Paid tax return professionals may soon have to pay $21 to apply for a PTIN. In the “Don’t have a PTIN and need to obtain one?” section of the “PTIN Requirements for Tax Return Preparers” page on IRS.gov, there is a key phrase that may be about to change: “There is no fee to obtain…

  • “Get My Payment” Goes Live on IRS.gov

    Last week saw the IRS announce two new online resources for Economic Impact Payments (EIPs): the Non-Filers: Enter Payment Info Here and Get My Payment tools. On Wednesday, April 15, Get My Payment went online, providing EIP recipients a convenient way to set up direct deposit for and track the status of their payment. Why…

  • IRS Announces Online EIP Registration Tool for Non-Filers

    The IRS unveiled a new online tool to help non-filers register to receive an Economic Impact Payment (EIP): the “Non-Filers: Enter Payment Info Here” feature on IRS.gov. This new resource was quickly developed to help more qualifying Americans receive their payment, since the Treasury will begin sending EIPs next week. While the IRS has repeatedly…

  • Working from Home – And State Taxes

    One of the ways American business changed with the coronavirus is that thousands—if not millions—of employees are now working from home. The good news is that they’re getting the job done while practicing social distancing. The bad news may be that both workers and employers might be a little closer to state and local tax…

  • IRS Explains the Coronavirus Stimulus Scam

    Last Saturday, Taxing Subjects spotlighted a phishing scam that emerged after legislators passed the CARES Act, which distributes economic impact payments to help recover from financial hardships caused by COVID-19. Today, the IRS outlined common tactics used by these scammers, as well as briefly explaining the economic impact payment process. What is the ‘coronavirus stimulus…