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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Coronavirus (COVID-19) Information
Like many of you, we are closely monitoring the outbreak of the Coronavirus (COVID-19) and its impact across the industry.
Over the past 48 hours, many have speculated changes to the tax filing and payment deadlines. Today the U.S. Treasury Department and the IRS cleared the air and released guidance on the tax implications of COVID-19. The deadline to file federal individual income tax returns remains April 15.
All individual and other non-corporate tax filers are allowed to defer tax payments (up to $1 million) until July 15, 2020 without penalties or interest (read the official Treasury n...
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Incorrect Address on 1040-V For Certain States
Customers that reside in the following states will see an incorrect mailing address printed on the 1040-V, the EF instructions, and the client letter. The address listed under the state names below is the correct address.
We anticipate this will be fixed in an update by 2/11 and apologize for any inconvenience.
*States not listed below are not affected and can rely on the address printed on the 1040-V.
Alabama, North Carolina, South Carolina
Internal Revenue Service
P.O. Box 1214
Charlotte, NC 28201-1214
Arizona, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, Wyoming
Internal Revenue S...
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Notification Center – Information Where You Need It, When You Need It
We’ve added a new feature to TaxAct® 2018 Professional that’s all about providing up-to-date relevant information where our customers are – right in the software. When you sign in, you now see a Notifications tab.
Clicking on the tab allows you to see important information about updates, IRS notices, and upcoming system maintenance announcements. A red banner at the top of the screen will tell you there are new notifications, and any items that are bold have not been read.
The Notification Center is a result of direct feedback from our customers. You are busy, especially this time of y...
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