TaxAct Professional Blog Tax Preparation

Discover the latest content as it relates to tax law changes, IRS news, TaxAct Professional products & partners, and more. Subscribe to the blog today!

 

Veterans Can Claim Refund of Taxes Paid on Disability Severance Payments

The Internal Revenue Service (IRS) is advising certain veterans who received disability severance payments after January 17, 1991, and included that payment as income, that they should file Form 1040X, Amended U.S. Individual Income Tax Return, to claim a credit or refund of the overpayment attributable to the disability severance payment. This is a result […]

Read More


Are You Marketing Your Services to the Self-Employed?

Global consulting firm McKinsey found that there are roughly 68 million freelancers in the US. Think about that for a second, the gig economy (Uber, Lyft, Doordash, .etc) has revolutionized freelancing for 1/5 of America and it’s only going to grow larger. The unfortunate part about statistics on freelancing is that the BLS (Bureau Of Labor & Statistics) […]

Read More


Enhancements Coming to Our 2018 Software

As you’re preparing and planning for the next tax season, you may be interested in what enhancements are coming to the 2018 version of TaxAct Professional. With more details to come, here’s a high level overview on what we’re working on for tax year 2018 so far:

Read More
tax preparer invitation taxact professional
tax preparer invitation taxact professional


IRS Working on Shorter, Simpler 1040 Tax Form

In an effort to streamline the filing of Form 1040 for both taxpayers and tax professionals, the IRS is crafting a shorter, simpler form for tax year 2018 returns. The intent of the new 1040 is to replace the current versions of Form 1040, Form 1040A and Form 1040EZ. This consolidated approach enables the IRS […]

Read More


Infographic Breaks Down the Tax Cuts and Jobs Act

Major tax reform was approved by Congress on December 22, 2017, aptly named the Tax Cuts and Jobs Act (TCJA). And while there are countless articles on the details of the reform, few concisely recap it in a way that is understandable to taxpayers. That’s why we put together this short infographic to help you and […]

Read More
Tax Cuts and Jobs Act Infographic for Tax Professionals
Tax Cuts and Jobs Act Infographic for Tax Professionals


Webinar: Earn Your Enrolled Agent (EA) Credentials This Year

Becoming an Enrolled Agent might seem like a huge undertaking, but with the right plan in place, you can you can get on track to ace the exam this year. Enrolled Agent (or EA) is a type of tax advisor who is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury. The enrolled […]

Read More
IRS EA Enrolled Agent Tax Preparation
IRS EA Enrolled Agent Tax Preparation


Understanding the Tax Cuts and Jobs Act as a Tax Preparer

In late December of 2017, Congress passed the Tax Cuts and Jobs Act, the most extensive piece of tax reform legislation implemented since the Reagan era. Because media buzz surrounding this reform has caused a substantial number of questions from many taxpayers and tax preparers, we’re here to break down the fundamentals in a way […]

Read More


Is Your Account Missing Information?

When setting up your TaxAct Professional account, please make sure to provide the proper information: first and last name, full mailing address, e-mail address, mobile phone number and answers to security questions. If you received an invitation from another preparer, your name and address may be missing from the account. You can add or update […]

Read More


Guaranteed Lowest Prices of the Year End Soon

Time is running out to lock in the guaranteed lowest prices of the year on TaxAct 2018 Professional bundles. By prepaying for your tax preparation software, you can receive the following discounts:

Read More
Professional tax preparation software 2018
Professional tax preparation software 2018


New & Updated Features to TaxAct 2017 Professional

Overview on some of the new features in the tax preparation software With tax season here, we wanted to remind you of time-saving features in the TaxAct Professional software. These features are built to make your job more efficient while putting your clients in the best possible financial situation. Ability to automatically lock returns after […]

Read More
new-taxact-professional-feature
new-taxact-professional-feature