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This tax season has looked drastically different than any before it with the onset of COVID-19. Between the tax filing and payment deadline extensions and the majority of American workers—including tax preparation professionals and their clients— guided to work from home, it’s become a rather complicated few months. If you’re a tax professional, you’ve likely […]

After some short deliberation in Congress, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27. At TaxAct, we spend countless hours reading the law, viewing informative webinars, digging through analysis, and making direct contact with the IRS to understand the ins and outs of the plan. While there […]

Version 1.16 for 1040, 1.11 for 1065, 1120, & 1041, and 1.10 for 1120-S & 990 are now available for TaxAct 2019 Professional Federal Editions. These updates include: Minor bug fixes & optimizations

Many of the tax and accounting professionals we serve look to the Q&A portion of our software to determine whether or not a specific form is supported. If you’ve ever wondered if you can attach a particular form using TaxAct Professional products, there’s a quick and easy way to find out. Simply switch to the […]

Q: My client received a stimulus payment on behalf of their deceased relative. Should they cash it? A: According to the IRS FAQ page on its website, families who receive a stimulus payment on behalf of a deceased loved one should send the money back to the government. The FAQ answer specifically states: A Payment […]

Form W-4, Employee’s Withholding Certificate, received a makeover at the start of 2020. It’s the first major redesign of the form in 33 years, dating all the way back to 1987. The adjustments simplified the form and implemented the tax code changes that went into effect as part of the Tax Cuts and Jobs Act […]

TaxAct® Professional has updated its hours of business in order to provide the practices we serve with additional support through the extended filing deadline. Support hours are now as follows: April 1 – 10 Monday – Friday: 8am – 8pm Saturday: 9am – 5pm Sunday: 10am – 5pm April 11 – 15 April 11: 9am […]

While our country continues to come together — while staying responsibly distant — to fight COVID-19, many of us are feeling the impact of stay-at-home orders and mandated quarantine. Despite the unprecedented lengths to which we all must go to stay healthy and slow the spread of the virus, taxpayers across America must still find […]

The tumultuous nature of current events can and will attract the attention of data-hungry cyber criminals throughout tax season. It’s an unfortunate truth that when something as unprecedented as COVID-19 takes center stage worldwide, thieves see an opportunity to take advantage of unsuspecting victims. While you endeavor to support the filing needs of taxpayers in […]

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 […]

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 […]

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 […]