Blog

1099K Explosion! Recording and presentation materials from Education Forum hosted in October of 2024. On November 7th, we hosted a 2-hour virtual event, where Amy Wall presented 1099K Explosion! A special thanks to everyone that joined us live! With the reduced filing requirement for the filing of Form 1099-K effective for Tax Year 2024, you […]

2024 Individual & Business Tax Update! Recording and presentation materials from Education Forum hosted in October of 2024. On October 28th, we hosted a 2-hour virtual event, where A.J. Reynolds presented 2024 Individual & Business Tax Update. A special thanks to everyone that joined us live! Tax changes never rest, nor should tax professionals. In […]

To participate in this year’s Refund Transfer Incentive Program, you must enroll.  It is a quick and easy process and you can fill out the form below. As a previous customer, once you enroll for TY24 and are approved through one of our participating banks to offer refund transfers, you will receive the $5 incentive […]

Schedule E for Residential Real Estate Activities Recording and presentation materials from Education Forum hosted in August of 2024. On September 5th, we hosted a 2-hour virtual event, where Amy Walls presented Schedule E for Residential Real Estate Activities including vacation rentals. A special thanks to everyone that joined us live! Because Residential Real Estate […]

An Essential Overview on S-Corp & Partnership Basis Recording and presentation materials from Education Forum hosted in August of 2024. On August 8th, we hosted a 2-hour virtual event, where A.J. Reynolds presented on basis rules and calculations for clients who are shareholders or partners in pass-through entities and how this basis affects their individual […]

TaxAct Professional has partnered with Drake Pay to enable our customers to accept payments securely and conveniently in the TaxAct Professional software. Visit our website to enroll in Drake Pay today! https://www.taxact.com/professional/integrated-payments Once enrolled and approved, you will be able to accept payments quickly. Invoicing, client payments, and reporting are all available now. Please contact […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]