Category: Tax Preparers

Unusual Refund Patterns at IRS

As of 7am Eastern this morning, the IRS has still only released a small trickle of refunds so far this year. Never in the history of e-file have most early filers waited this long to receive their refund. By the end of today, the IRS is scheduled to release approximately 10% of refunds under $1000 …

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e-filing will open on Tuesday Jan 19th

  Tax Time is Approaching! Are you ready? The IRS announced that e-filing will open on Tuesday Jan 19th. Tell your clients and get ready for another great tax season with Zip Refund.  

PATH of 2015

Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) – 12-18-2015   Here is a list of key provisions. Made permanent: Enhanced Child Tax Credit Enhanced American Opportunity Tax Credit Enhanced Earned Income Tax Credit IRA-to-charity — California automatically conforms R&D credit IRC §179 — enhanced Above-the-line educator deduction Sales tax deduction Built-in …

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IRS Lowers Amount for PTIN Number

irs lowers ptin cost

The IRS recently announced that it will be charging less for PTIN (Preparer tax identification number) registration and renewals. The PTIN is required to be a paid tax preparer so this is good news for all tax preparers. Instead of the usual $63 it will now only cost $50 for the upcoming 2016 tax season. …

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Tax filing problems could jeopardize health law aid for 1.8M

FINANCE JULY 06, 2016 Verizon hikes prices, though new options could save money Verizon is hiking prices on its cellphone plans, though the new rates come with changes that might save you money. If you …     JULY 05, 2016 Conservative Party starts choosing leader as pound sinks The race to succeed Conservative Prime …

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800,000 Taxpayers Received Wrong Tax Info from Health Insurance Marketplace

800,000 Taxpayers Received Wrong Tax Info from Health Insurance Marketplace 454 WASHINGTON, D.C. (FEBRUARY 20, 2015) BY MICHAEL COHN Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first …

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Zip Refund Teams Up With RefundSafe for Third Year

irs identity theft

Zip Refund had teamed up with RefundSafe to allow their nationwide tax preparers to offer this valuable add on service to their clients for the third year in a row. With acknowledgement the problem of irs identity theft continues to get worse for their preparers and clients, it was one of the first companies to …

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Obtaining Your PTIN -Preparer Tax Identification Number

how to get a ptin

A preparer tax identification number must be obtained by a person who, for a fee, prepares or assists in the preparation of individuals’ or the tax returns of a ‘business’, refund claims or other forms of federal compensation. Enrolled agents are also required to have a PTIN. If you already have this number, you must …

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IRS Adjusts Tax Rate and Deduction Levels for 2015

IRS Adjusts Tax Rate and Deduction Levels for 2015 360 WASHINGTON. D.C. (OCTOBER 30, 2014) BY MICHAEL COHN The Internal Revenue Service announced the annual inflation adjustments for tax year 2015 for more than 40 tax provisions, including the tax rate schedules, and other tax changes.   Get access to this article and thousands more… …

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2014 Federal Refund delay FALSE!

We have been contacted by many people asking if this article is true or false….. it is FALSE! Read more at http://www.snopes.com/media/notnews/taxdelay.asp#u0ArXeCYeloyXx6H.99