Tips to help you choose a tax preparer

Many people look for help from professionals when they file their federal income tax return. If you choose to use a tax return preparer, you’ll need to share your most personal information with them, including details about your marriage, income, children and social security numbers — the details of your financial life. Most tax return…

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What is Form 1099-MISC?:

Form 1099-MISC, Miscellaneous Income, is issued to a person if any of the following situations occur, when a trade or business or some other qualified organization pays: • If at least $10 in royalties or broker payments are paid to a person • At least $600 in: rents; services performed by someone who is not…

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Immigrants and Tax Return Filing

  On November 20, 2014 President Obama announced an executive action on immigration which could extend relief from deportation to an estimated 5 million undocumented immigrants. The administration has not said which documents it will accept, however, we believe that the Citizenship and Immigration Services which vets applications under Homeland Security may require 5 years…

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IRS announcement 1040 and Business Modernized e-File (MeF) Production Shutdown/Cutover Schedule.

The IRS announced the following shutdown schedule:

1040 MeF Production Shutdown/Cutover Schedule Shutdown begins on Saturday, November 22, 2014 at 11:59 a.m. in order to prepare the system for the upcoming 2015 Filing Season.

Business MeF Production Shutdown/Cutover Schedule
Shutdown is tentatively scheduled to begin on Friday, December 26, 2014 at 12:01 p.m.