by Taxing Subjects | Sep 7, 2023 | Tax Tips and News
The push toward an all-electronic filing future continues at the IRS. The agency’s latest move has Form 8300, Report of Cash Payments Over $10,000, e-filed starting in 2024, in an effort to avoid backlogs that the old paper forms presented while speeding up processing...
by Taxing Subjects | Aug 25, 2023 | Tax Tips and News
Any successful tax preparer knows how to navigate a constant state of flux, as financial regulations, laws, and client expectations can change at a moment’s notice. Staying informed, thus, is not just a preference – it’s a necessity. Clients rely upon your expertise...
by Taxing Subjects | Aug 24, 2023 | Tax Tips and News
As recovery efforts are underway for victims of the devastating wildfires in Hawaii, the Internal Revenue Service is moving to give survivors one less thing to worry about. The agency has launched its tax relief package for victims in Maui and Hawaii counties that...
by Taxing Subjects | Aug 15, 2023 | Tax Tips and News
The 2023 Software Survey conducted by the National Association of Tax Professionals (NATP) unveils insightful findings regarding tax professionals’ experiences with their chosen tax preparation software. Covering attributes ranging from reliability to customer...
by Taxing Subjects | Aug 9, 2023 | Tax Tips and News
Is contactless tax preparation the future of the industry? While the 2020 filing season jettisoned the tax industry into a virtual arena, the 2023 season seems to indicate that contactless tax preparation has some staying power as tax professionals continue to adapt...