State Edition Release Dates for TaxAct Professional
With tax season underway, you may be curious when certain states will be made available to help you better plan your meetings with clients. We have compiled a list all state forms and their anticipated release date. The list is updated regularly so be sure to check back.
Read MoreIRS Updates 2018 Withholding Tables
Via the IRS — The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in a series of steps that IRS will take to help improve the accuracy of withholding following major changes made by the […]
Read MoreForm 1040 and Schedule A Available Today (1/11/2018)
TaxAct Professional is planning an update to the 1040 software today (January 11, 2018) for Version 1.1 to allow Professionals to be able to e-file client returns containing Form 1040 and Schedule A. TaxAct has e-file approval and the IRS is expected to release the 1040 final form by next week.
Read MoreIRS Makes Minor Change to Form 8809
The Internal Revenue Service (IRS) has made a minor change to Form 8809, Application for Extension of Time To File Information Returns — they will no longer be accepting faxes of this form.
Read MoreHow to Invite Preparers to Your Account
In order to share software downloads, unlimited or prepaid e-filing, reporting, or services (such as Client Xchange, if purchased), the Practice Owner must send each additional preparer an e-mail invitation from the Practice Owner’s account (the account under which the program was purchased). The e-mail will include a unique link. The invited preparer must click […]
Read MoreVersion 1.0 Now Available – Start Preparing Client Tax Returns
It’s that time of the year – tax season is here! Made available today, TaxAct Professional customers now have access to certain forms to start preparing client tax returns. Be sure to update your software (from within the software, click the “Online” menu and select “Check for Updates”). Version 1.0 provides you access to: Form […]
Read MoreStandard Mileage Rates Increased for 2018
Beginning on January 1, 2018, the standard mileage rates used to calculate deductible costs of operating a vehicle have increased. These rates apply to cars, vans, pickups and panel trucks.
Read MorePaying Taxes on Cryptocurrency Such as Bitcoin, Ethereum, Litecoin, Ripple
With the explosion in popularity of cryptocurrency (i.e. Bitcoin, Ethereum, Litecoin, Ripple, etc.) in 2017, you are sure to have clients who have invested in it and (likely) profited off it as well. But as tax season approaches, do you know how to file taxes on behalf of those clients and their cryptocurrency (also known […]
Read MoreResources to Help You Understand the New Tax Bill
With the passing of the GOP tax bill, tax year 2018 is going to look and feel a little different for the tax preparation industry. In fact, you may already be feeling anxious about the changes but that’s understandable. We’ll be here with you as the situation unfolds, so that we can help you understand what […]
Read More7 Facts From the IRS Criminal Investigation Annual Report
Last week, the IRS announced the release of the Criminal Investigation Division’s (CI) annual report, reflecting significant accomplishments & criminal enforcement actions taken in fiscal year 2017. This public report serves as a reminder to use strict security protocol within your tax practice and to adhere to the latest laws as a professional tax preparer.
Read More5 Things to Know About the Incoming Tax Law
With the passing of the GOP tax bill, formally known as the Tax Cuts and Jobs Act, here are 5 important things to know about changes coming your way as a professional tax preparer.
Read MoreTestimonial: Taxaroo and TaxAct Professional Customer
Customer quote on the use of TaxAct Professional and Taxaroo: “Without a doubt, partnering with Taxaroo strengthens the leverage TaxAct’s platform has over competitors in terms of user-friendliness, efficiency in work flow, cloud-based technology, and cost effectiveness. With this partnership, I don’t need to look anywhere else. Between the two platforms, I have all that […]
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