Archive for the ‘Uncategorized’ Category
Friday, February 17th, 2012
If you’re a CPA or tax preparer, the months from January to April are undoubtedly the longest of the year. Twelve hour days, impatient clients, and crazy workloads can really take their toll. With that in mind, whether it’s your first tax season or your twenty-first, here are a few ...
Posted in Uncategorized | No Comments »
Monday, February 13th, 2012
Due to recent notices from the IRS related to the delay in IRS funding, NOW is the perfect time to offer your clients the Cash Advance product. Even though we can’t speculate when IRS will fund the money, taxpayers could still receive a Cash Advance in as little as 15 ...
Posted in Uncategorized | No Comments »
Saturday, February 11th, 2012
Are you wondering what to do with all the client documents now that tax season has begun? Well if you purchased a TaxWorks Gold or Platinum package you received at least one copy of ArkWorks which integrates directly with TaxWorks. Did you know the CPA Technology Advisor gave ArkWorks a ...
Posted in Uncategorized | No Comments »
Thursday, February 9th, 2012
Did you know you can find quick answers to many of your questions by using simple buttons within the program?
Answers to many of your questions reside in government publications and instructions which are easily accessed through a self-help tool included in the tax software. Press the F1 key, or from ...
Posted in Uncategorized | No Comments »
Thursday, February 9th, 2012
The IRS has published some 2011 Federal Tax Law Changes. View the article here: http://www.irs.gov/newsroom/article/0,,id=254023,00.html
We have organized this information in a pdf chart that you can download and print. Access the chart here: http://www.taxworks.com/cmsdocuments/2011_tax_chart.pdf
Posted in Uncategorized | No Comments »
Tuesday, February 7th, 2012
WASHINGTON — The Internal Revenue Service announced the availability of IRS2Go 2.0, an expanded version of its smartphone application designed to provide taxpayers easier access to practical tools and information.
The new app, available on the Apple and Android platforms, adds a new YouTube feature, news feed and tax transcript service ...
Posted in Uncategorized | No Comments »
Sunday, February 5th, 2012
There is a new Account Look-Up tool on the IRS website that taxpayers can use to determine their annual First-Time Homebuyer Credit repayment amount to ensure the total amount has been repaid. Taxpayers must enter either their SSN or ITIN, birth date, and address to access the tool. We have ...
Posted in Uncategorized | No Comments »
Friday, February 3rd, 2012
The federal Form 3800, General Business Credit, has changed significantly for the 2011 filing season.
The General Business Credit is comprised of several specific business credits, including the Low-Income Housing Credit, the Biodiesel and Renewable Diesel Fuels Credit, the Indian Employment Credit, and the Energy Efficient Home Credit to name a ...
Posted in Uncategorized | No Comments »
Thursday, February 2nd, 2012
The IRS has a tool to help people who have to repay their First-Time Homebuyer Credit. Reminder letters will no longer be mailed to taxpayers who have to repay the credit but you can now use an online lookup tool on the IRS website to check your repayment obligation. The ...
Posted in Uncategorized | No Comments »
Wednesday, February 1st, 2012
There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor, you are generally considered to be self-employed.
Here are six key points the IRS would like you to know ...
Posted in Uncategorized | No Comments »
