The CPA Journal recently published the results of its “2020 Annual Survey of New York State Practitioners.” The survey asked more than 200 CPAs to answer questions about their practice, including how they would rate the tax preparation software and tax research software they used during the first filing season defined by the coronavirus pandemic.…

Read more about Drake Software Earns Highest Ratings in Survey of New York CPAs

Tax professionals across the country have undoubtedly served clients who lost health insurance due to layoffs, a reduction in work hours, or another issue stemming from the coronavirus pandemic. The one-two punch of reduced income and possible uninsured medical expenses can be devastating for these families.…

Read more about HealthCare.gov Special Enrollment Period Can Help Clients Get Insurance

An upcoming issue of the IRS’ Internal Revenue Bulletin (IRB) gives tax professionals updated guidance on federal interest rates in a number of areas.…

Read more about Internal Revenue Bulletin Update Provides Interest Rates, Other Guidance

The Internal Revenue Service says, as required by law, it has issued all the first and second round Economic Impact Payments (EIPs) that were legally permitted. So, the IRS is now turning its full…

Read more about All First and Second Economic Impact Payments Have Been Issued

Filing season is finally here and for many tax professionals, the watchwords are speed and accuracy. The Internal Revenue Service says it can help with both.…

Read more about Want Faster Filing and Rapid Refunds? Go Digital

Today marks the official start of filing season, meaning millions of taxpayers across the country are starting to gather tax-related documents ahead of a visit with their tax preparer. For their part, the Internal Revenue Service is hard at work providing helpful tips about necessary forms and tax credits.…

Read more about IRS Highlights Info About the Credit for Other Dependents

Tax professionals across the country are being warned by the Internal Revenue Service, state tax agencies and the tax industry to be on the lookout for a new scam to steal their Electronic Filing Identification Numbers (EFINs).…

Read more about Urgent Alert Issued to Tax Pros on EFIN Scam

It won’t be long before the Internal Revenue Service opens its gates and the filing season will be officially underway.…

Read more about Gathering Records Is the First Step in Tax Preparation

Taxpayers may be aware that the Families First Coronavirus Response Act (FFCRA) includes a refundable tax credit for eligible employers who provide COVID-related sick and family leave. What some might not know is that this credit is also available for self-employed individuals, and a new form from the Internal Revenue Service makes claiming it straightforward.…

Read more about IRS Unveils New Self-Employed Sick Leave and Family Leave Form

The Internal Revenue Service is reminding taxpayers that the best tax professionals are those who always sign the returns they’ve prepared.…

Read more about IRS Warns About Preparers Who Don't Sign Their Works