Blog

Tax Season Is Done Now What?

April 25, 2019 4:45 AM

Many tax professionals find themselves virtually strapped to their desks between Christmas and Easter, preparing returns for corporate and individual clients by the April 15 tax deadline. Now that this frenzied pace has slowed down a bit, it can be tough to regroup—but reflecting on what went wrong (and right)...

New Fees and Requirements Levied on Income Tax Preparers in 2019

April 25, 2019 4:10 AM

If you're a tax preparer who is still winding down from Tax Day 2019, you may be interested in two major developments coming down the pike for those who plan to help others prepare their 2019 federal or state income taxes. IRS Can Start Charging for Preparer Tax Identification Numbers (PTINs) In...

Tweaking Taxes for 2019 and Beyond

April 11, 2019 5:42 AM

For many whose tax returns are fairly static from year to year, the changes brought by the Tax Cuts and Jobs Act (TCJA) threw a monkey wrench into things. Even for those who will ultimately pay less in taxes for the 2018 tax year, the uncertainty as to how the TCJA will impact their total tax bill—and whether...

Tax Extensions Save Clients Money

April 4, 2019 6:13 AM

For many tax preparers, April 15 seems to roll around earlier each year. But when clients seem set toowe the IRS money at tax time, a tax preparer’s failure to timely request an extension can lead thetaxpayer to incur a hefty failure-to-file penalty of 5 percent of the unpaid bill per month.Once a taxpayer is...

Two US States Have Tax Day On April 17th?

March 28, 2019 4:03 AM

If you work as a tax preparer for individual clients, the date "April 15" is likely etched into your mind. But are you aware that—for two states—Tax Day 2019 falls on April 17 instead? Read on to learn more about the reasons behind this delayed tax due date for certain Northeasterners and how you can file...