System Maintenance Scheduled for 1/14/2022

Posted on by Rick Mooberry
In order to continue to get our systems ready for the 2021 e-filing season TaxAct will be performing scheduled maintenance on the following day: Friday, January 14, 2022, from 5 AM - 7 AM CT During this time you will not be able to access TaxAct Professional software, MyTaxDocs.com, or the TaxAct website. Thank you for your patience as we get our systems ready to support your successful e-filing season.
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IRS Annual 1040 E-file Shutdown on 11/20/21

Posted on by Rick Mooberry
The annual IRS 1040 Modernized e-File system (MeF) production shutdown will start November 20, 2021, as they prepare the system for the upcoming tax year 2019 filing season. To ensure your clients' 1040 returns are processed timely, they will need to be submitted on or before 9 PM Central Time on November 20, 2021. Because the IRS only allows for filing the current tax year plus 2 years prior, this is your last chance to e-file 2018 returns. After the production shutdown, any remaining 2018 returns will need to be filed by paper. Please monitor the MeF Operational Status page for any upd...
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Updated Support Hours for Extended Tax Season

Posted on by Rick Mooberry
We know how busy you are, and this season as been hectic. As we near the end of the tax season, we encourage you to not wait until late in the day on May 17th to print or submit returns to avoid challenges you might run into. Complications can include submission issues, internet connectivity, system outages, and unexpected e-file rejections by the IRS. The TaxAct Professional Support Center will operate on the following extended hours through the tax filing deadline (hours are Central Time). April 10th through April 18th April 10, 2021, Saturday: 10am - 8pm April 11, 2021, Sund...
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IRS Update: 2021 Tax Filing Season Begins February 12th

Posted on by Rick Mooberry
The IRS announced that the tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. Note: The IRS anticipates a first week of March refund for many EITC and ACTC taxpayers if they file electronically with direct deposit and there are no issues with their tax returns. Please visit the IRS's News Release for more information.
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Lock In Your Discount Now

Posted on by Matthew Davis
On behalf of myself and the entire TaxAct Professional Team, it would be our honor to continue being your tax preparation software of choice in Tax Year ‘20.  You can now order your software or reach out to our sales and support team at 319-536-3571 to answer any questions you may have. You can also send us an email at prosales@taxact.com. We know there are many options you can choose from, and we look forward to serving you next season and beyond.  If there is anything my team or I can do, please reach out. Sean Taylor Head of Professional Sales TaxAct Professional Sales and Su...
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Versions 1.17 (1040) 1.13 (1065, 1120) 1.14 (1041, 1120S) Update for Tax Extenders

Posted on by Matthew Davis
Versions 1.17 (1040), 1.13 (1065, 1120), and 1.14 (1041, 1120S) are now available for TaxAct 2018 Professional Federal Editions. These versions include changes due to 2018 Federal Tax Extenders, including the following updated forms: Form 4136 - Credit for Federal Tax Paid on Fuels Form 5329 - Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Form 5695 - Nonbusiness energy property credit Form 8835 - Renewable energy, Indian coal facilities credit Form 8845 - Indian Employment Credit Form 8864 - Biodiesel and Renewable Diesel Fuels Credit Form 8...
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Reminder: 11/16/19 IRS Annual 1040 e-file Shutdown

Posted on by Matthew Davis
The annual IRS 1040 Modernized e-File system (MeF) production shutdown will start this Saturday, November 16 as they prepare the system for the upcoming tax year 2019 filing season. To ensure your clients' 1040 returns are processed timely, they will need to be submitted on or before 9 PM Central Time on Saturday, November 16. Because the IRS only allows for filing the current tax year plus 2 years prior, this is your last chance to e-file 2016 returns. After the production shutdown, any remaining 2016 returns will need to be filed by paper. The IRS has also confirmed the annual MeF producti...
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1065 & 1120S Extension Deadline Information

Posted on by Matthew Davis
The 1065 and 1120S extension deadline is Monday, September 16. Here are some things to keep in mind as you finish and file your clients’ returns. The deadline is 12:00 midnight in the filer’s local time zone, but file early if possible. Be sure any taxes owed have been paid by your taxpayer by the deadline or there may be penalties and interest. As long as the return is e-filed on time, you will have an electronic filing perfection period to retransmit to address any rejection errors for 10 calendar days (through Thursday, September 26). If you’re unable to retransmit the e-file to co...
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TaxAct 2018 Professional Editions Update

Posted on by Matthew Davis
The following updates are now available for TaxAct 2018 Professional Editions: Federal 1040 - Version 1.15 Federal 1065 - Version 1.12 Federal 1120 - Version 1.12 Federal 1120S - Version 1.13 Federal 1041 - Version 1.13 Federal 990 - Version 1.12 These updates include: Security enhancements TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can also check for software updates at any time by selecting Online --> Check for...
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TaxAct 2018 Professional 1040 Edition Version 1.14

Posted on by Matthew Davis
Version 1.14 is now available for TaxAct 2018 Professional 1040 Edition. Version 1.14 includes an update for a 1042-S Alert for scholarships not taxable because of Treaty Form 1040NR-EZ. TaxAct 2018 Professional can automatically check for updates by selecting Tools –> Options, and selecting “If already connected to the internet, automatically check for updates on program startup.” You can also check for software updates at any time by selecting Online –> Check for Updates.
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Starting July 18: Extended Shutdown for IRS Modernized e-File (MeF) System Upgrade

Posted on by Matthew Davis
The IRS has announced the MeF system will be unavailable for a system upgrade during the following times: 12 am July 18 - 12 pm July 22 Eastern time 12 am August 3 - 12 pm August 5 Eastern time While you can still submit e-filed returns, you will not receive acknowledgements during the system shutdown periods. This affects all tax years and all form types that are currently able to be e-filed (2018, 2017 and 2016).
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TaxAct 2018 Professional Editions Versions Federal 1040: 1.13 and Federal 1041: 1.12 Updates

Posted on by Matthew Davis
Versions 1.12 and 1.13 are now available for TaxAct® 2018 Professional Federal Editions. These updates include: Schedule D - Updated to reflect IRS correction to error in Schedule D tax calculation worksheet for Forms 1040 (v 1.13) and 1041 (v 1.12).Zip Code Lookup - Fixed bug that was causing zip code lookup to fail in Client Information popup window (v 1.13). TaxAct 2018 Professional can automatically check for updates by selecting Tools --> Options, and selecting "If already connected to the internet, automatically check for updates on program startup." You can also check for sof...
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