Blog

EIC Eligibility and Due Diligence The earned income tax credit (EIC) is a refundable tax credit that provides a tax break to taxpayers with low to moderate income. Tax professionals who prepare returns claiming the earned income tax credit (EIC) must comply with the IRS’s strict due diligence requirements for each return filed and understand […]

At TaxAct® Professional, we’re here to lighten your load. That’s why we’ve created a free, downloadable tax calendar designed to help you stay organized, informed, and one step ahead as you prepare for Tax Year 2025. Why Download Our Tax Calendar? Our newly updated May 2025 – April 2026 tax calendar is more than just […]

2025 New Federal Tax Legislation Update This course reviews any new federal tax law changes which impact 2025 tax law plus any retroactive changes to 2024 tax law. We’ll also cover the latest information on TCJA and any pending changes we may expect later this year. Receive up-to-date information on IRS’s EITC focus, changes to […]

Client retention and satisfaction for tax professionals​ Keeping your clients happy and loyal is more than good business—it’s essential for the long-term success of your tax practice. Now is the perfect time to evaluate how well your office is meeting client expectations and plan improvements that will help boost client retention. Why Client Retention Matters […]

What you need to know about the retirement enhancement act and how your clients can be impacted. The Setting Every Community Up for Retirement Enhancement (SECURE) Act has reshaped the retirement landscape not once, but twice. First passed in 2019 and followed by an extensive update in late 2022, these laws are packed with implications […]

Save the Date: 2025 Conference and Event Season With Tax Day behind us, it’s time for tax professionals to refocus — from filing season to extension season, and from wrapping up TY24 to getting ahead for TY25. This time of year is all about growth. Whether you’re staying current on the latest tax law changes, […]

Secure Acts 1.0 / 2.0 On July 19, the IRS released final regulations on post-SECURE 1.0 Act required minimum distribution (RMD) rules. These final regulations have significant impact, both for taxpayers who inherit retirement accounts and those who own them. Join Michael as he provides the participants with an overview of these final regulations and […]

As we look forward to tax year 2025, we’re excited to share some updates we’ve made to ordering your 2025 TaxAct Professional software. Here’s a quick look at what’s new and improved in the ordering process: 1. NEW – Online Renewals Now, you can renew your TaxAct Pro software online! It’s easy—just follow these steps: […]

Secure the best price for TY25—Buy Now and lock in your savings early. Don’t wait—avoid higher prices and last-minute hassles. 👉 [Buy Now]        

Effective accounting and tax planning are pivotal for success in the real estate industry. Tax professionals serving real estate clients must navigate unique financial landscapes, from managing irregular income streams to leveraging specific tax benefits. Implementing best practices in accounting not only ensures compliance but also enhances profitability.​ Maintain Accurate and Organized Records Accurate record-keeping […]

Every tax season, scammers ramp up their efforts to steal personal and financial information from taxpayers, businesses, and tax professionals. To combat these fraudulent activities, the IRS has released its Dirty Dozen list for 2025, highlighting the most common tax scams. These scams range from phishing emails to misleading tax credit claims, and tax professionals […]

Here you are—it’s the beginning of 2025, and you’re ready to finally launch the tax preparation business of your dreams. So, where do you actually start? While the tax industry is competitive, standing out is possible when you add accreditation, strategic business management, and client relationship building to your technical expertise. How do I get […]

As tax professionals prepare for the 2024 tax season, staying informed, organized, and equipped with the right tools is crucial for success. Whether you’re an independent tax preparer or part of a larger tax firm, leveraging industry resources can help streamline workflow, improve client service, and ensure tax compliance. Below are some of the most […]

Managing payments in your tax practice just got a lot easier, thanks to the  TaxAct Professional integrated payments powered by Drake Pay. This collaboration introduces a seamless, integrated payment solution that simplifies how tax professionals handle client payments. Now, it has gotten even better: ACH is offered as a payment option. In addition to credit, […]

It’s that time of year: Scammers are at it again, impersonating the IRS through text messages. They trick taxpayers into providing sensitive information while falsely claiming this information is needed to receive an Economic Impact Payment. Beware: this is a scam designed to steal taxpayer personal and financial data. How the Scam Works Scammers are […]