Important Reminder: IRS E-File Suspension on Dec 26

Posted on by Jeffrey Ruiz
As we approach the end of the year, we want to remind you of an important update regarding e-filing business returns. On December 26, the IRS will stop accepting e-filed business returns. During this period, e-files will not be processed until the IRS reopens its e-filing system in January. TaxAct will stop accepting E-Files at 10 am (CST) to ensure we are able to send and process all received returns prior to the IRS shutdown beginning at 11:59 am (ET). To ensure timely processing of your business returns, please plan accordingly and submit any pending e-filed returns before the dead...
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Last Day to Renew before Prices Increase 7/1.

Posted on by Matthew Davis
You do not need to do anything if you have already renewed your software for TaxYear 2023. We hope that TY22 was a success for you. We appreciated working with you and are looking forward to TY23. Now’s the time to lock in your savings and pre-order before prices increase on June 30.* There are two options for placing your order: 1) You may pre-order by June 30, 2023, and pay nothing until October. 2) You can pay by phone today and receive an additional discount.** To take advantage of this offer and our new features like enhanced eSignature integration and Spanish client-facing d...
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Pro Tips!!!

Posted on by Swathi Gunnala
Here are some FAQ"s for your quick reference : Locked Data File Form 8949 - Multiple PDF Attachments Required Professional Editions - Form 4868 Extension Disaster - Extensions of Time to File Credit for Taxes Paid to Other State or Jurisdiction If you need to purchase State Editions, you can order online or call our Professional Sales team at 319-536-3571. Thank you for choosing TaxAct Professional. If you need assistance, please don’t hesitate to contact us: Technical questions: professional@taxactservice.com, (319) 731-2682 option 1 Tax-related questions: protaxhelp@taxact.c...
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End of Season Survey – Your Voice Matters

Posted on by Matthew Davis
This is one survey that matters. Thank you for being a loyal TaxAct Professional customer.  As we do every year, we want to gain insights from you on what worked and what didn't with our end-of-season survey. This year, we have broken the survey into two categories: 1. Those who are new to TaxAct Professional and 2. Those who have used us previously.  Below you will find the links for each survey. New to TaxAct Professional for Tax Year 21, take the survey here. For customers who have used us for more than one year, please take the survey here. Your responses directly affect the c...
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🚨 TaxAct Professional has partnered with The TaxBook

Posted on by Matthew Davis
TaxAct Professional is now partnering with TheTaxBook to provide our customers with an easy-to-use research solution in & out of tax season. And, our rate is the lowest in the marketplace at $229. ❇️   Award-winning software ❇️   Tax information at your fingertips ❇️   Time-saving research ❇️   And more... Extension Season is the perfect time to take advantage of this new offer! Order TheTaxBook's WebLibrary Plus today, by giving our sales team a call at 319-536-3571. Happy researching!
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It’s not too late to add Refund Transfers to your Tax Practice!

Posted on by Matthew Davis
It's not too late! Enroll today! While tax season is in full swing, there is still much left to do.  If you have been thinking about offering Refund Transfers for your clients, it's not too late.  Our bank partners are still accepting enrollments. Republic Bank Enrollment is open until 4/15 and TPG is open year-round. Hear from one one of your fellow Tax Professionals "After starting bank refund transfers and advances, my practice grew from 40 clients the first year, to 150 clients the next season. All because of the ease of use of TaxAct Professional and because I offered my clients ban...
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Webinar: Bank Products

Posted on by Matthew Davis
Starting tomorrow at 11:00 AM CDT, Melanie Milton will kick-off hosting the weekly TaxAct Professional Bank Product Webinar Series! During these webinars, Melanie will discuss our new incentive programs, what changes have been made to the bank product program for TY21 and answer any questions you may have. To attend one of these upcoming webinars, click here to register: https://proadvance.taxact.com/taxact-professional-bank-product-webinars/
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When Your Client Files Taxes Will Affect Their Stimulus Payment. Here’s How.

Posted on by Matthew Davis
Turns Out, it is Not A Normal Year In a normal year, it’s a good idea to nudge your clients to file their taxes early. It helps to reduce fraud risk, gets your clients a refund sooner, and eliminates the frantic rush mid-April. This year things are a little different. Depending on when your client files their 2020 tax return — and when the IRS processes their third stimulus check —can affect how much money they receive as a stimulus payment. With $1,400 checks for qualifying taxpayer and their dependent(s) going out as this third stimulus payment, filing early or later can have a big im...
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Unemployment Compensation Exclusion Worksheet – Software Update

Posted on by Rick Mooberry
We will have a software update the morning of 3/18 to update the TaxAct Professional for the new Unemployment Compensation Exclusion Worksheet, allowing you to file returns with this new exclusion. State Conformity We will be updating most states with how the state agencies plan to address the new federal tax law. After the updates, you can use this FAQ to track the latest information for your state's conformity: American Rescue Plan - Unemployment Exclusion Previously Filed Returns with Unemployment Compensation At this time, the IRS is strongly recommending amended returns for the Un...
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Get your Clients Ready for Tax Season

Posted on by Matthew Davis
2020 is coming to an end, and with the extended tax deadline, both you and your clients haven’t had much of a chance to relax. But just because you’ve had a shorter off-season doesn’t mean you and your clients should ignore any preparation that needs to happen before tax season. As we dive into another tax season, here are five things you’ll want to do to get your clients ready. Review your processes Take some time to review your previous tax season. Take stock of what worked and what didn’t and identify any bottlenecks in your process. For example, you may not have an easy and efficient way ...
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How Will the Outcome of the Election Effect the New Tax Year?

Posted on by Matthew Davis
Like in most elections, taxes play a major role in the campaign policies set forth by the presidential candidates. This year, tax policy may play a more pivotal part of any economic recovery. While it’s impossible to know exactly what future tax policy will look like, the plans set forth by President Trump and former Vice President Joe Biden give us insight as to how they expect to shape tax policy if they win the election. Here’s what we know so far. Trump’s Tax Plan In 2016, Trump’s campaign plan included significant tax cuts. Those tax cuts came to fruition with the Tax Cuts and Jobs A...
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