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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]        

Real estate taxation continues to evolve as more taxpayers invest in rental homes, vacation properties, and short-term rentals. While traditional rental property rules still apply, tax professionals now face additional compliance and planning considerations involving material participation, passive activity limitations, mixed-use properties, and third-party payment reporting. Understand How the Property Is Used One of the […]

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 […]

The following TaxAct Professional 2024 States are now available: 1041 OR OH MI 990 TX If you’ve already purchased your 2024 State Editions, you will be able to install all available states by going to the Online –> Install State menu option. You can use the Auto Install Method by checking the box next to […]

Tax debt can result in significant consequences for your clients, including wage garnishments, tax liens, or levies. Swift action, paired with expert guidance, is essential to help them regain control of their financial situation. Strategies for Resolving Tax Debts Include: ·      Offer in Compromise (OIC):This program allows eligible taxpayers to settle their tax debt for […]

The following TaxAct Professional 2024 States are now available: 1041 IL MO TX 990 CA If you’ve already purchased your 2024 State Editions, you will be able to install all available states by going to the Online –> Install State menu option. You can use the Auto Install Method by checking the box next to […]

The following TaxAct Professional 2024 States are now available: 1041 CO PA If you’ve already purchased your 2024 State Editions, you will be able to install all available states by going to the Online –> Install State menu option. You can use the Auto Install Method by checking the box next to the available state(s) […]

The following TaxAct Professional 2024 States are now available: 1041 MD NM RI 1120S CT 1065 CT If you’ve already purchased your 2024 State Editions, you will be able to install all available states by going to the Online –> Install State menu option. You can use the Auto Install Method by checking the box […]