TaxAct Professional Blog Tax Preparation

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A Quick, Friendly Reminder: The Individual Extension Deadline is Less than a Month Away

We know that you’re well aware of the upcoming deadline for 1040 extension filers. Many of your clients, however, may not be. It’s easy to get distracted and allow dates like October 15th to fall by the wayside, especially for taxpayers who haven’t thought about their returns in months. Though life certainly does get in […]

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Savings End September 30th – Don’t Forget to Preorder Your TaxAct Professional Bundle

As you may know, TaxAct Professional® offers money-saving bundles to tax preparation professionals every year, allowing practices like yours to take advantage of deep discounts on our latest software. If you haven’t preordered your bundle yet, now’s the time to do so — prices increase after our savings event ends on September 30th. Because we […]

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Getting your Enrolled Agent Credential

TaxAct Professional has partnered with Surgent Professional Education to offer you an Enrolled Agent Exam Review course, an invaluable asset to your tax preparation business. This course provides unlimited online access to all course materials, including up-to-date IRS publications, Complete Text, Simulated Exams, Adaptive Learning Technology, and a Pass/Refund Guarantee. The Enrolled Agent Exam Review […]

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Exciting new enhancements to TaxAct Professional software arriving for tax year 2019

Over the past year, TaxAct has been hard at work improving our software in order to better serve you and your clients. In fact, we’re excited to announce some of our latest developments now ahead of the coming tax season. First, the newest versions of TaxAct Professional will offer even simpler downloading and installation. We’re […]

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Take your business to the next level: Become an Enrolled Agent

Looking for opportunities to increase client engagement and billable hours? Consider becoming an enrolled agent (EA). EA certification is the highest tax credential awarded by the IRS. In fact, EAs are the only professionals that the U.S. government directly grants the right to practice. The reasons to become an EA are numerous, as are the […]

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Do you have your EFIN? Here’s what you need to know

It’s no secret that the IRS processes e-filed returns more quickly and with fewer inaccuracies as compared to paper returns received via mail. Taxpayers also tend to receive their refunds faster when their returns are e-filed, making Authorized IRS e-file Providers a more favorable choice come tax time. In fact, even the IRS prefers e-filed […]

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New system requirements – Upgrade to Microsoft Windows 10

On January 14, 2020, Microsoft will put an end to security support and updates for PCs running Windows 7. To avoid security risks and viruses, Microsoft recommends upgrading to Windows 10 now. In addition to improving security, Windows 10 offers additional productivity features, compatibility tools, and deployment resources to support your business. We know that […]

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Securing Client Data

The ability to send and receive documents electronically has changed the way professional tax preparers do business. It has also opened the door to potential fraud and security breaches if proper precautions aren’t taken. Sending and receiving tax documents using unsecured unencrypted email or fax makes both you – the tax professional – and your […]

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Taxpayer First Act of 2019 Headed to President’s Desk

Last week the US Senate passed the Taxpayer First Act of 2019, a package of IRS reform legislation intended to redesign the Internal Revenue Service (IRS). The House also passed the legislation for the second time last week. The bill, which contains many provisions, establishes an independent office of appeals within the IRS, requires the […]

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TaxAct Professional 2019 Trade Show Schedule

Now that tax season is over, in the midst of finishing up extensions that need to be filed, many Tax Professionals are turning their attention to planning for next year, earning continuing education credits, and finding ways to be more efficient and productive to grow their practices. Attending industry trade shows is one of the best […]

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Missed Filing Deadline? Here’s What Your Clients Need to Know

Missed Filing Deadline? Here’s What Your Clients Need to Know Tax professionals – another tax season has passed, the filing deadline has come and gone. If you have clients who didn’t file a tax return or an extension but should have, they need to take action now. Here are some tips you can provide to […]

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The Tax Deadline is Upon Us…Don’t Wait to File!

It’s no secret that tax returns are due on Monday, April 15th for most individuals and businesses. We wanted to provide a couple of pieces of advice for you. Printed Returns We know most people don’t file paper returns, but there are some who still do. For mailed returns, the April 15th tax deadline doesn’t […]

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What To Do If You Owe The IRS

We’re hearing from many of our Tax Professionals that, due in part to the 2017 Tax Cuts and Jobs Act, many of their clients either owe tax bills they didn’t expect or they are receiving lower-than-expected refunds. Owing a tax bill can be frustrating. The good news is that if you find yourself in this […]

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Claiming Dependents on Your 2018 Tax Return – What You Need To Know

It’s not surprising that Tax Reform has muddied the waters for Tax Year 2018, especially since personal exemptions were suspended this year. What has been surprising is that lately the TaxAct® Professional Customer Support Center has received questions from Tax Professionals asking how to determine whether or not a client of theirs can claim someone as […]

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To File or Not to File…That is the Question

With the changes introduced by the 2017 Tax Cuts and Jobs Act, also known as Tax Reform, there’s a lot of confusion this tax season. There are a few questions we’ve heard over and over: How does Tax Reform impact potential tax refunds? And, what happens if someone owes more than they thought they would? […]

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