COVID-19 and Your Taxes

Last updated: March 22, 2020 At TaxAct, nothing is more important to us than the health and well-being of our customers, employees, and the communities in which we live and work. During this time, we encourage you to make every effort to stay as protected as possible. Rest assured, we are equipped to continue offering all of our services without interruptions so you can continue to sucessfully operate your business. COVID-19 tax implications On March 20, the Secretary of Treasury announced the tax deadline to file federal income tax returns has been extended to July 15, 2020. You now have an e...
Read More

SurveyMonkey: Share Your Thoughts — Have Your Voice Heard

As a tax professional, you know that each season brings its own set of unique challenges and changes. Sometimes, it’s interesting to see how your fellow tax prep experts are faring this time of year, too — now you can take part and find out for yourself with this quick, two-question survey: Do you anticipate serving more customers this tax season as compared to previous years? Are you completing any returns virtually this tax season? We look forward to reading your answers — check out the results in next month’s newsletter!  
Read More

Quick Tips: Side-by-side Comparison and How to Check E-file Status

TaxAct® Professional is designed to enhance your every move as a tax preparer, aiming to make your days more productive, your practice more prosperous, and your clients ultimately more satisfied with your service. Especially at this time of year, we’d like to pass along some quick tips on how to efficiently compare customer returns and check their e-file status.   Side-by-Side Comparison Feature With TaxAct Professional’s easy-to-use Side-by-Side Comparison, you can view prior or current year returns right next to one another in TaxAct 2019 — allowing you to avoid the hassle of openi...
Read More

New PTIN Verification Requirements for Tax Preparation Professionals

As you may know, the IRS now requires all tax software to request additional PTIN verification from tax preparation professionals. It is necessary for each preparer to simply check a box verifying that their PTIN is accurate and that they are indeed the registered owner. Fortunately, TaxAct® Professional makes this step quick and easy: In the Basic Information section of the Preparer Info page, enter your name, SSN, and PTIN as normal. Directly to the right of the PTIN field, you’ll see an empty checkmark box accompanied by text that reads “I verify this PTIN is accurate and the associate...
Read More

Reminder: It’s Not Too Late to Get Ahead with TaxAct Professional

As first peak begins to wind down, you may find yourself wanting for a more streamlined and efficient way to serve your clients before second peak hits. The fact that most filers in the latter category aren’t expecting a refund plays a pivotal role in how smoothly and successfully your practice runs — not only as April 15 approaches, but right now. If you aren’t feeling as solidly prepared as you’d prefer, we’re here to help. TaxAct® Professional products are still available, ready to help boost your practice’s productivity and organization in meaningful, tangible ways all season long. If yo...
Read More

How to Back Up Data the Easy Way: A Quick Go-To List for Tax Pros

Performing regular backups of client information, returns, and preparer information is critical — not only to the growth and success of your practice, but to your general peace of mind as well. And as we all know, that peace of mind is next to priceless at this time of year. Back Up Client Returns to Your Local Computer – Non-Enterprise Editions TaxAct recommends backing up your client files to an external hard drive or USB drive for safe keeping in a secure location. To utilize TaxAct’s backup and restore functions, follow these easy steps:  Click File > Backup > Client Return(s). ...
Read More

IRS Opens E-filing on January 27

We know your clients are curious: “When will the IRS start accepting returns?” The Internal Revenue Service confirmed in early January that tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. With TaxAct Professional, you can submit returns as soon as they’re complete — we’ll hold them securely until the IRS begins processing on the January 27.  
Read More

4 Tips to Stay Healthy and Productive this Tax Season

Stress is hard on your immune system. Because of that, overworked tax professionals are at a higher risk of illness during the busies time: Tax Season. Staying healthy during tax season impacts your productivity, your practice, and your bottom line. Remember to take time for the little things. They can make a significant difference. Taking care of you means you can be at your best for your clients. (more…)
Read More