We all know self-employed clients are immensely valuable. Want insider tips on how to maximize their business deductions, without relying on risky mileage estimates? Have questions about your small business, independent contractor or freelance clients? Wondering how other tax preparers are using Everlance to improve their practice?
Learn insider tips from the creators of Everlance – the highest-rated mileage tracker for both iPhone and Android and TaxAct Professional's newest partner – and ask your burning questions at this 30-minute, quick-hitting webinar.
Everlance + TaxAct Professiona...
Read More
Your TaxAct 2014 Preparer’s Enterprise Edition(s)
The online data backup service included with your TaxAct 2014 Preparer's Enterprise Edition(s) expires May 1, 2018. After this date, you will no longer be able to access your 2014 client data online.
We recommend downloading your client data from our secure servers before May 1, 2018.
Open your TaxAct 2014 Preparer’s Enterprise Edition software.
Select File, then Restore.
Select Client Returns to launch the Restore Wizard.
Select Online to sign in with your 2014 Online Backup credentials (this is likely different than your current software sign in) and the wizard wil...
Read More
Tip: Filing Extension + Direct Debit for Taxes Due
With the IRS extending the filing deadline an extra day, there’s a workaround for those of you filing extensions and requesting a direct debit for your client’s tax due.
On this screen in the e-filing steps, it will default to today’s date of 04/18/2018, but it will need to be updated to 04/17/2018 in order to pass alerts and be e-filed. The IRS is accepting returns with yesterday’s date.
Read More
IRS Extends Deadline Through Wednesday, April 18
Via the Internal Revenue Service -- The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and businesses with a filing or payment due date of April 17 will now have until midnight on Wednesday, April 18. Taxpayers do not need to do anything to receive this extra time.
Read entire IRS release.
Read More
(Corrected) Intermittent Issues with VPS Systems
We’ve been seeing intermittent issues with VPS systems not being able to process credit card payments of taxes due when attempting to “Pay Now” during the filing of the return. If you are seeing issues with this payment option, please have your clients pay their tax due by an alternate method:
Pay by Debit or Credit Card online- Pay by debit or credit card online (convenience fees will apply).
Direct Pay- Pay directly from a checking or savings account free.
Mail Paper Check - Print the Form 1040-V (Payment Voucher) and mail your amount due to the IRS.
Visit gov/payments for all ...
Read More
IRS Modernized E-File System Temporarily Down
*UPDATE (4/17/18 at 6:30pm central)*
The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and businesses with a filing or payment due date of April 17 will now have until midnight on Wednesday, April 18. Taxpayers do not need to do anything to receive this extra time.
Read IRS news release.
*UPDATE (4/17/18 at 4:23pm central)*
On April 17, 2018, the IRS Modernized e-file system went down and was unable to process income tax retur...
Read More
Helpful Resources on Tax Day
*UPDATE (4/17/18 at 6:30pm central)*
The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and businesses with a filing or payment due date of April 17 will now have until midnight on Wednesday, April 18. Taxpayers do not need to do anything to receive this extra time.
Read IRS news release.
*ORIGINAL POST (4/17/18 at 7:30am central)*
Not that you need a reminder, but it’s tax day -- the deadline for most taxpayers to file an exte...
Read More
Tips to Efficiently Track Your Clients’ E-Filed Returns
As we close in on the final week before the April tax filing deadline, we wanted to pass along some quick tips on how you can efficiently track your clients’ e-filed returns.
We highly suggest utilizing the “Fed EF Status” column as a quick and easy way to check the status of your client’s e-filed returns. This is a more timely way to receive the status of your e-filed returns since the e-file status emails could be slightly delayed during peak times leading up to the filing deadline. (more…)
Read More
Scheduled Maintenance for 4/5/2018
TaxAct will be performing regular maintenance between 3:00 AM and 7:00 AM central on Thursday, April 5th, 2018.
As a TaxAct Professional user, you may experience intermittent connection issues during that time. Maintenance is expected to conclude by 7 AM central.
Thank you for your patience!
Read More
Support Hours for Remainder of Tax Season
Listed below are the updated hours for TaxAct Professional Support. These hours are effective immediately and will run through the end of tax season (April 17, 2018). (more…)
Read More
Benefits of Automatic Mileage and Expense Tracking
We all know self-employed clients are immensely valuable to a tax prep office. Their returns tend to be longer and more complex than the average client’s and, therefore, more profitable.
(more…)
Read More
How to File an Extension in TaxAct Professional
TaxAct Professional supports the completion of Form 4868 (Automatic Extension of Time to File U.S. Income Tax Return) for your client's federal return, as well as any necessary extension forms for states, if applicable. Form 4868 must be filed by the regular due date of the return.
Please Note: Filing an extension ONLY extends the time to file the return and does not extend the time to pay any taxes due.
To complete a federal and/or state extension:
From within the Q&A view of the return, click on the Filing tab
Click the File Extension link directly below the tabs
...
Read More
Notice About Massachusetts Refunds
The Massachusetts Department of Revenue (DOR) has issued the following notice:
"DOR has just released a number of income tax refunds via paper check where direct deposit had been requested on the tax returns. DOR sometimes changes the refund delivery method from direct deposit to paper check as an additional security measure and this action was taken in an effort to honor these early refund requests more quickly. We apologize for any inconvenience this may cause."
Again, this only affects Massachusetts returns.
Read More
Support Center: Program Not Running After Update
If you recently updated the TaxAct program, security software may be interfering, interpreting the modification of the program .exe file as an unwanted takeover. You can try temporarily disabling your security software. You may have to re-install TaxAct.
If you recently updated Windows, especially Windows 7 or 10, this may also have affected the software. (more…)
Read More
TaxAct Scheduled Maintenance for 2/21/2018
TaxAct will be performing regular maintenance between 5:00 AM and 6:00 AM central on Wednesday, February 21st.
As a TaxAct Professional user, you may experience intermittent connection issues during that time. Maintenance is expected to conclude by 6 AM central.
Thank you for your patience!
Read More
TaxAct is not responsible for, and expressly disclaims all liability and damages, of any kind arising out of use, reference to, or reliance on any third party information contained on this site.
© 2024 TaxAct, Inc., a Taxwell company. All Rights Reserved