Author Archive

E-Filing Starts With Heavy Volume

Wednesday, January 18th, 2012

The IRS officially opened electronic filing of 1040 returns Tuesday, January 17th.  The filing center at RedGear Technologies has been transmitting returns at a record pace. With the new IRS e-file mandate of 11 or more prepared returns, e-file volume is expected to increase significantly. The IRS has also placed constraints on ...

Does Your Staff Need Training?

Monday, January 16th, 2012

If you’ve hired new staff to assist you this tax season, or you want to expand your own knowledge of the software, RedGear has some great training tools. The websites have numerous videos to help you use the program to its fullest potential. Learn about the new program enhancements, navigation tips ...

Registered Tax Return Preparer (RTRP) Exam Preparation

Sunday, January 15th, 2012

The IRS is requiring registered tax return preparers to take a test as part of an ongoing effort to enhance oversight of the tax preparation industry.  Preparers that pass this test, a background check and tax compliance check as well as complete 15 hours of continuing education will have the ...

RedGear E-file Running Strong

Tuesday, January 10th, 2012

The RedGear E-File Center is up and running! Even though the IRS will not officially accept electronically filed returns until January 17th, our E-File center is open to accept returns. We will transmit the returns to the government agencies as the IRS opens. All of the Federal 1040 and Individual State ...

IRS Kicks Off 2012 Tax Season with Deadline Extended to April 17

Thursday, January 5th, 2012

WASHINGTON — The Internal Revenue Service opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it is the best way to ensure accurate tax returns and get faster refunds. The IRS also announced a ...

New Reporting Rules Take Effect in 2012

Sunday, January 1st, 2012

In our April newsletter, we discussed the effects of the tax gap on small businesses. Now that tax season is here, we will start to see how the IRS’ attempts to close the tax gap, such as instituting new reporting requirements, begin to pan out. As a result of the Housing ...

Preparer Tips: Year-End Tax-Planning Strategies

Friday, November 18th, 2011

Every fall, as preparers may be starting to think about the upcoming tax season, many taxpayers are likely avoiding thoughts of tax time looming around the corner. Following is a sampling of items to consider as you begin the process of contacting your clients in preparation for one of your ...

2011 Program Released!

Thursday, November 17th, 2011

The 2011 programs have been released! TaxWorks and 1040Works are available right now. Clients that requested the download option began installing their software Monday, November 14th. CD shipments began Thursday, November 17th. Support Manager Ruben Munoz, and company IT Director Scott Heagy monitored the first few days of the program download. ...

Update Feature Enhanced for 2011

Wednesday, November 16th, 2011

In an effort to lessen confusion and align our terms with industry norms, we have changed the following terminology in the 2011 software: Upgrades are now known as Updates. Changes in the software will now be referred to as updates. Update Clients will now be called Proforma. We hope this will reduce confusion ...

Last Chance for 2011 TaxWorks Power Seminar Registration

Tuesday, November 15th, 2011

The 2011 TaxWorks Power Training Seminars are almost here. The Florida location is completely sold out. We have a few remaining slots left at our Utah and Nevada locations. If you want to attend, you MUST hurry. No seminar registrations will be accepted after Thanksgiving, November 24th. We offer 16 hours ...