CYMA Systems, developer of RedGear Accounting, is pleased to announce a free extension of RedGear Accounting installations through the end of 2012.
Existing RedGear Accounting licenses were set to expire on 6/30/2012 without action. This free update will extend your license and will be available May 17th through the RedGear Accounting Update Center (www.cyma.com/redgear/support/updatecenter/).
The IRS is changing the “Permanent Mailing Address” box on the PTIN application to “Personal Mailing Address”. This change clarifies that the information is personal and exempt from public disclosure under FOIA rules.
Also, the IRS is removing the prohibition on entering a post office box in the “Business Mailing Address” box on the PTIN application.
PTIN holders may now enter a P.O. Box as their business mailing address.
If you used your Personal Mailing Address as your Business Mailing Address or used a street address when you would have preferred to provide a P.O Box as your Business Mailing Address, you may want to update your contact information. This information is not exempt from disclosure under FOIA rules and it will be released even if it is the same as your Personal Mailing Address.
Taken from: http://www.irs.gov/taxpros/article/0,,id=256060,00.html
The IRS has set higher standards for tax preparers and are stressing the importance of taking the RTRP (Registered Tax Return Preparer) exam this year.
Approximately 2,700 tax preparers have passed the exam and are now official Registered Tax Return Preparers. As the December 2013 deadline approaches, more and more preparers will be signing up to meet this critical requirement.
Don’t procrastinate. We encourage you to start studying now. Some of the study courses qualify for the 15 hours of continuing education required each year. TaxWorks has joined with FastForward Acadamy and The Income Tax School to help you obtain this certification. Visit these sites today.
The traditional tax season may be over, but many deadlines are still at the forefront of our minds. Here are a few of the deadlines to be aware of during the remainder of the year.
June 15
Certain individuals who live and/or work outside of the United States and Puerto Rico have until June 15 to file their individual tax returns. These individuals include U.S. citizens, resident aliens, and members of the military who are on active duty. These taxpayers may request an automatic four-month extension by filing Form 4868, making the new deadline October 15, 2012.
The second payment of the 2012 estimated tax should be made on June 15 for taxpayers who are not having taxes withheld from their paychecks.
September 17
This is the last day calendar-year corporations (including S corporations) may file 2011 income tax returns if they obtained an automatic six-month filing extension. This is also the last day for calendar-year fiduciary, gift, and partnership returns to be filed if an automatic five-month extension to file was obtained. The third payment of the 2012 estimated tax should be made on September 17 for taxpayers who are not having taxes withheld from their paychecks.
October 1
This deadline is the last day to establish a SIMPLE IRA.
October 15
Taxpayers who filed an extension using Form 4868 have until October 15 to file their returns, as well as pay any outstanding taxes, interest, and/or penalties. This deadline is the last day to re-characterize any IRA contributions for the year if taxpayers filed their returns on time, which is April 17 for most taxpayers.
January 15, 2013
The final payment of the 2012 estimated tax should be made on January 15, 2013 for taxpayers who are not having taxes withheld from their paychecks. For more information regarding various due dates and other deadlines, visit www.irs.gov.
At the end of the tax season we mailed your software renewal form. Renewals have been coming in strong. However, if you haven’t sent yours in yet, you have a few more days to meet the May 31st deadline.
A substantial discount is available if you renew early. Don’t put it off any longer. Call 1-800-230-2322 to renew today.
Do something fun this summer with the money you’ll save!
It’s time to start looking toward registering for the TaxWorks Power Training Seminars!
Each year we review your feedback and adjust the sessions to meet your needs. We will cover enhancements to the program and help you get the most out of the software.
The Utah seminar will be held on Thursday and Friday, November 29th & 30th at the Davis Conference Center in Layton, Utah. This location has become a favorite of many locals and is just 30 minutes from downtown Salt Lake City.
The second session will Monday and Tuesday, December 3rd and 4th in Orlando at Walt Disney’s® premier Yacht Club Resort Hotel!
Thursday and Friday, December 6th and 7th will be our last session, Las Vegas at the Treasure Island resort. The ballroom and convention floor are being remodeled just in time for the seminar.
Visit our website for complete registration details.
For 40 years TaxWorks has set the standard for professional tax preparation software by offering all of the features you’ve come to expect in a premium tax program without the high price. TaxWorks provides FREE electronic filing as well as our famous first-class support.
Don’t renew your existing tax software until you’ve looked at TaxWorks.
Call 800-230-2322 today for more information.
We recently sent an email inviting you to provide feedback of your experience with RedGear’s software. The feedback will help us improve your experience with the tax software and related products and services.
You have the option of completing either a short or more detailed long survey.
The SHORT survey takes about 10 minutes to complete. It allows for an abbreviated, overall feeling on various aspects of RedGear products and programs.
The LONG survey is estimated to take 20 or 30 minutes. Additional questions are included and in-depth responses are encouraged.
You hope you will take just a few minutes to provide your input on matters that will impact you. Click one of the underlined words above to access the survey. Both surveys are available through May 15, 2012. We look forward to your feedback!
On April 16, 2012, the Registered Tax Return Preparer (RTRP) exam will be based on 2011 tax law. Several exam preparation providers have updated their study guides and online tools to incorporate the anticipated changes for the 2012 testing season.
For details on the RTRP requirements visit http://www.irs.gov/taxpros/article/0,,id=239683,00.html#results
If you need help in preparing for the exam, or require continuing education (CE), RedGear has partnered with Fast Forward Academy and The Income Tax School to bring test preparation and CE offerings.
The education is offered at a competitive price and is discounted when linking to these partners through the TaxWorks website at http://www.taxworks.com/whats_new.aspx.
Many of you will close your doors April 17th and head-out for some well-deserved rest and relaxation.
Before you leave, don’t forget to submit your renewal order for next year’s tax software! We offer significant discounts if you renew early.
Invoices have been mailed, so watch your mail box. If you do have questions, please call us at 1-800-230-2322.
