The Importance of Cybersecurity & Security Plans for Tax Preparers
Recording and presentation materials from Education Forum hosted in July of 2024.
On July 18th, we hosted a 2-hour virtual event, where A.J. Reynolds presented on the importance of understanding the ins and outs of cybersecurity and developing an effective, well thought our Data Security Plan (also known as a Written Information Security Plan (WISP)). A special thanks to everyone that joined us live!
Because WISPs are such an important topic in the tax industry right now and because they are complex to develop, we kn...
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Exciting Announcement – New Partnership with Drake Accounting!
You Don't Have to Choose Between Functionality and Affordability.
TaxAct Professional is excited to announce that we have partnered with Drake Accounting to bring our customers an affordable, fully featured accounting and payroll product, at the discounted annual rate of $295 $795. This tool lets you manage basic client financial records with double-entry accounting. Plus, a number of reports are provided, including multi-column profit and loss reports, pre-posted reports, comparative or single column balance sheets, and payroll reports. To take a look at all of the Drake Accounting features,...
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How to Setup a Referral Marketing System for Your Practice
How to Setup a Referral Marketing System for Your Practice
Recording and presentation materials from webinar hosted in June of 2024.
On June 5th, we hosted a 1-hour webinar, where Will Hamilton of SmartPath.co, presented on how to develop a referral marketing system, unique to your tax practice. A special thanks to everyone that joined us live!
Because referrals are the number 1 way tax preparers grow their practice, we knew it was important to record this content and make it readily available to all, in preparation for the upcoming tax season. If you are interested in accessing this co...
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The Art of Properly Pricing Your Tax Services
The Art of Properly Pricing Your Tax Services
Recording and presentation materials from virtual event hosted in May of 2024.
On May 23rd, we hosted a 2-hour Education Forum virtually, where Will Hamilton of SmartPath.co, presented on how to properly price your tax services to align with today's unique environment. A special thanks to everyone that joined us live!
Because so many tax professionals aren't fairly paid for their tax knowledge and don't know how to approach price increases with their clients, we felt it was important to make the recording from this event readily available to a...
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Free Tax Calendar, May 2024 – April 2025
Free, Downloadable Tax Calendar
May 2024 - April 2025
Being a tax professional is stressful, busy, and sometimes… just downright exhausting. Especially this time of year!
That’s why TaxAct Professional believes it’s so important for our team to create helpful, free content that works to save you time and energy. As you begin to prepare for TY24, we encourage you to download our new and improved tax calendar. Let us help you remember all of the important dates you have coming up between now and April 2025.
Downloading our free tax calendar:
Upon downloading this PDF, you will receive a p...
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Save the Date: 2024 Conference & Event Season
Save the Date: 2024 Conference and Event Season
With Tax Day behind us… it’s time for tax preparers to shift their attention to extension season and preparing for TY24.
And with that, comes attending conferences, webinars, and training courses to gather your required allotment of continuing education credits, and ensure that you’re up to date on all tax laws, credits, deductions, industry best-practices, and more.
We understand that this time of year can be overwhelming for many, so to help simplify the search for this content, TaxAct Professional has put together a list of conferences we w...
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Basics and Beyond of Crypto Taxation: What Preparers Need to Know
Basics and Beyond of Crypto Taxation: On-Demand Webinar Crucial Knowledge Tax Preparers Need to Know
Cryptocurrency, or virtual currency, is a digital representation of value currently used both as a medium of exchange and as an investment. The IRS considers virtual currency to be property; in many cases, basic property tax law works well for virtual currency. Unfortunately, there are also many crypto activities for which property tax law just doesn’t apply and there is no IRS guidance to support a tax position. Understanding the concepts underlying cryptocurrency helps th...
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IRS Tax Pro Account: Another Line of Defense Against Data Theft
The IRS and the Security Summit partners remind you that another way to help protect sensitive information from identity thieves is with secure online tools such as Tax Pro Account.
Tax Pro Account is a secure, mobile-friendly, digital self-service that enables you to act on a taxpayer’s behalf, view their information and manage their authorizations more efficiently.
You can use Tax Pro Account to send Power of Attorney and Tax Information Authorization requests directly to a taxpayer’s individual IRS Online Account. Once the taxpayer approves the request, it’s processed in real time.
For d...
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When to File a Business Identity Theft Affidavit with the IRS
The IRS and its Security Summit partners continue to see identity theft schemes targeting businesses. Report possible business identity theft to the IRS with Form 14039-B, Business Identity Theft Affidavit.
File Form 14039-B if your business receives a notice about a:
Rejected e-filed return because a return on file for that same period.
Tax return your business didn’t file.
Form W-2 filed with the Social Security Administration that your business didn’t file.
Balance due that isn’t owed.
For more details, visit Identity Theft Information for Businesses.
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1099-B, TAEF Recording
1099-B: Reporting Income from Securities and Bonds
Recording from virtual event hosted in December of 2023.
On December 7th, we hosted a 2-hour virtual event live from Savannah, GA, where Amy M. Wall presented on 1099-B. A special thanks to everyone that joined us live!
Because 1099-B: Reporting Income from Securities and Bonds is such a complex topic, we felt it was important to make the recording from this event readily available to all tax preparers before TY23 officially kicks off. If you are interested in accessing this content, simply follow directions below. We hope you find th...
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Watch Out for Tax Scams and Report Fraudulent Messages
The IRS and its Security Summit partners remind you to watch out for a variety of aggressive schemes that may arrive in email, by text, over the phone or through the mail.
If you get one of these messages, don’t reply or click the link. Report the scam by sending the email or a copy of the text to phishing@irs.gov:
Phishing: An email sent by fraudsters claiming to come from the IRS. The email lures the victims into the scam with a variety of ruses such as enticing victims with a phony tax refund or frightening them with false legal or criminal charges for tax fraud.
Smishing: A text...
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Stop Chasing Paper, Start Offering eSignature – Webinar Recording
Stop Chasing Paper - Start Offering eSignature
Recording from webinar hosted by TaxAct Professional and DocuSign®.
On December 14th, TaxAct Professional partnered with DocuSign® to host a brief 1-hour virtual event on eSignature. A special thanks to everyone that joined us live!
Because we continue to grow and improve our integrated eSignature tool, we felt it was important to make the recording from this webinar readily available to all TaxAct Professionals as the next tax season nears. Interested in accessing this content? Simply follow the directions below...
What's Included:
V...
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Tax Pros: Encourage Your Clients to Create an IRS Online Account
The IRS and its Security Summit partners ask you to encourage your clients to create an IRS Online Account.
This tool provides your clients with a simple and secure way to go online and get their latest payment history, balance and more. They can even approve and electronically sign Power of Attorney and Tax Information Authorization requests, which can make your job easier.
An IRS Online Account usually takes only 5 to 10 minutes to set up. It uses a two-factor authentication process that protects personal information. Once your client creates an account, scammers can’t create a fraudulent ...
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Avoid Fraud and Tax-Related Identity Theft with an IP PIN
The IRS and the Security Summit partners encourage you to join the Identity Protection Personal Identification Number (IP PIN) program.
An IRS IP PIN is a special six-digit number that helps prevent criminals from filling fraudulent federal income tax returns or stealing refunds using your personal information. IP PINs are unique because they are known only to the you and the IRS.
You can get an IP PIN if you have a Social Security number (SSN) or an Individual Taxpayer Identification Number (ITIN) and can successfully verify your identity.
The easiest and fastest way to get an IP PIN is wi...
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Protect Your Business Against Data Loss and Fraud
The IRS and its Security Summit partners encourage you to follow these data loss and fraud best practices from the Federal Trade Commission:Set security software to update automatically.Back up important files.Require strong passwords for all devices.Encrypt devices.Use multi-factor authentication.Cyber criminals target businesses of all sizes. Knowing some cybersecurity basics and putting them in practice will help you protect your business and reduce the risk of a cyber-attack.For more details, visit the FTC's Cybersecurity for Small Businesses.
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