Tax preparation in the United States

Optima Tax Relief Partners with VITA to Provide Free Tax Filing Assistance

Retrieved on: 
Saturday, June 12, 2021
Taxation in the United States, Tax, Internal Revenue Service, Tax preparation in the United States

SANTA ANA, Calif., June 11, 2021 /PRNewswire-PRWeb/ --This year, Optima Tax Relief teamed up with the United Way and the IRS to provide assistance to low-income residents and other members of their surrounding community with free tax preparation services .

Key Points: 
  • SANTA ANA, Calif., June 11, 2021 /PRNewswire-PRWeb/ --This year, Optima Tax Relief teamed up with the United Way and the IRS to provide assistance to low-income residents and other members of their surrounding community with free tax preparation services .
  • By partnering with the IRS, the VITA program is able to offer reliable, trustworthy tax filing services for free.
  • Optima Tax Preparer Manager and VITA program participant Anne Tran said she would do the program again in the future if given the opportunity.
  • Optima Tax Relief is the nation's leading tax resolution firm providing assistance to individuals and businesses struggling with unmanageable IRS and state tax debts.

Ag FinTax Expands Financial Services Nationwide to Restaurants and Foodservice Businesses Eagerly Waiting to Apply for the Restaurant Revitalization Fund

Retrieved on: 
Monday, April 19, 2021
Taxation in the United States, Tax, Government, Certified Public Accountant, Accountant, IRS tax forms, Internal Revenue Service, Tax preparation in the United States, Chartered accountant

"Restaurant owners typically work very long hours and wear so many hats, such as manager, accountant, and the occasional server, that they most likely will not have time or resources to pull together the necessary documents to submit their application in a timely manner.

Key Points: 
  • "Restaurant owners typically work very long hours and wear so many hats, such as manager, accountant, and the occasional server, that they most likely will not have time or resources to pull together the necessary documents to submit their application in a timely manner.
  • Since funds are being administered on a first come, first serve basis, there is a concern that funds will not be available to every business that qualifies.
  • "The onboarding process is quick and we\'ll be able to get the applications filed faster than if a restaurant owner was to devote the time to do it on their own.
  • "\nThe National Restaurant Association listed potential documentation needed to apply for the RRF:\nIRS Forms 1040 Schedule C; IRS Forms 1040 Schedule F\nWith a professional team of CPAs, Chartered Accountants and CMAs, AG FinTax offers Chief Financial Officer expertise and detailed tax preparation typically provided for Fortune 100 companies to small business owners, helping them stay in compliance, pay the least amount of tax under the law, and make the best financial decisions.

MEDIA ALERT — Taxpayers who require more time, despite the extended 2021 tax filing & payment deadline, have a tax filing extension still available

Retrieved on: 
Thursday, April 15, 2021
Consulting, Accounting, Professional services, Finance, Taxation in the United States, Tax, Tax preparation in the United States, Internal Revenue Service, Tax return, Registered Tax Return Preparer, Annual Filing Season Program

b'Wolters Kluwer Tax & Accounting:\nWhat: The Internal Revenue Service (IRS) has extended the tax filing and payment deadline for 2020 individual tax returns to May 17, 2021 versus the original April 15 date.

Key Points: 
  • b'Wolters Kluwer Tax & Accounting:\nWhat: The Internal Revenue Service (IRS) has extended the tax filing and payment deadline for 2020 individual tax returns to May 17, 2021 versus the original April 15 date.
  • This year\xe2\x80\x99s deadline extension is not as long as the IRS extension for 2019 tax returns filed last year and shorter than many tax return preparers were hoping would be enacted.
  • Filing for an automatic tax filing extension is an increasingly popular option for taxpayers and tax return preparers who need a little more time.\nWhy: With all the changes to tax regulations brought by the COVID-19 pandemic relief legislation, many taxpayers may find that they need a little extra time to collect all of the necessary tax documents and information.
  • The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional service.\nContact: To arrange an interview with Mark Luscombe or other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact Bart Lipinski.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210415005324/en/\n'

UltimateTax Online Continues to Serve Tax Preparers for Extended Tax Season

Retrieved on: 
Wednesday, April 7, 2021
Taxation in the United States, Internal Revenue Service, Tax preparation in the United States, Tax, IRS tax forms, Government, Preparer Tax Identification Number, IRS Return Preparer Initiative

Because of this extension, tax preparers are also anticipating a longer tax season.

Key Points: 
  • Because of this extension, tax preparers are also anticipating a longer tax season.
  • Since the 2012 season, UltimateTax has been helping tax preparers in all 50 states streamline their workflow.
  • What's more, tax preparers using this software can file unlimited 1040 forms, which is going to come in handy with the extended tax deadline.
  • Built by a team of tax preparers, this company is the ultimate "for the tax preparers by the tax preparers" company.

360 Coverage Pros Launches Tax Preparer Professional Liability Insurance Program

Retrieved on: 
Monday, March 29, 2021
Types of insurance, Taxation in the United States, Liability insurance, Insurance, Tax preparation in the United States, Tax advisor, Professional liability insurance, Service industries, Finance, Money

LAKEWOOD RANCH, Fla., March 29, 2021 /PRNewswire-PRWeb/ --360 Coverage Pros announced today the launch of a new professional liability insurance program for tax preparers with a fast, easy online application.

Key Points: 
  • LAKEWOOD RANCH, Fla., March 29, 2021 /PRNewswire-PRWeb/ --360 Coverage Pros announced today the launch of a new professional liability insurance program for tax preparers with a fast, easy online application.
  • Tax Preparer Professional Liability Insurance helps protect against allegations of professional negligence and litigation that can result in legal judgments, settlements and out-of-pocket attorney defense costs.
  • This program offers broad coverage options for tax work and services, including permitting insureds to provide payroll, general business planning and other services.
  • "Our intention is to fill a gap within the professional liability market for tax professionals to obtain a comprehensive policy within minutes that doesn't break the bank.

Rapid Adoption of Cloud-based Platforms to Benefit Companies in the Global Tax Software Market, whilst Outbreak of Covid-19 to Accelerate Use of Digital Platforms for Tax Filing Processes: TMR

Retrieved on: 
Wednesday, March 17, 2021
Tax, Taxation in the United States, Internal Revenue Service, TurboTax, Tax preparation in the United States

- Tax software companies are expanding the number of devices that provide services regarding preparation ofpersonal tax.

Key Points: 
  • - Tax software companies are expanding the number of devices that provide services regarding preparation ofpersonal tax.
  • Businesses in the globaltax software market are raising understanding of the new coronavirus tax relief database brought in byInternal Revenue Service(IRS) of the US.
  • Firmsthat offer tax software advise their consumers about how to obey federal rules in order to meet filing deadlines of the state.
  • As a result, in the global tax software market, start-ups andnew playersare posing a serious threat to existing software companies.

Making The Right Choice: Best Professional Tax Preparer Software Reviews 2021

Retrieved on: 
Wednesday, February 24, 2021
Taxation in the United States, Tax preparation in the United States

SAN JOSE, Calif., Feb. 24, 2021 /PRNewswire/ --It's important to compare several options thoroughly before you decide which pro tax software to use for your tax business.

Key Points: 
  • SAN JOSE, Calif., Feb. 24, 2021 /PRNewswire/ --It's important to compare several options thoroughly before you decide which pro tax software to use for your tax business.
  • First off, before you compare professional tax software products, write down your priorities and non-essentials; this will help narrow down your comparison list.
  • After eliminating a few options from your best professional tax preparation software comparison list, you should download the best pro tax software demos you can find online to test the software you're considering yourself and see whether or not it'd serve your needs.
  • We'll help you find the best tax software for professionals by providing reviews and analysis of industry-leading software products and services.

Hispanic Unity Of Florida Continues Its 19-Year Commitment To The Community With Free/No-Cost Tax Preparation Services

Retrieved on: 
Tuesday, February 16, 2021
Taxation in the United States, Tax preparation in the United States, Broward County, Florida

HUF continues to partner with Code for America, the national nonprofit that that created the digital platform, Get Your Refund.

Key Points: 
  • HUF continues to partner with Code for America, the national nonprofit that that created the digital platform, Get Your Refund.
  • For more than 19 years, HUF has partnered with more than three dozen community partners to provide no-cost tax preparation services to thousands of qualified Broward County residents through its volunteer- and partner-driven Broward Tax Pro/(VITA) program.
  • Trained and certified tax professionals are available to answer questions regarding stimulus checks and other frequently asked, general tax questions.
  • With 12 programs and more than 30 services offered in three languages, this agency serves South Florida's diverse community.

U.S. expats have tax filing help with H&R Block’s new DIY tax software

Retrieved on: 
Thursday, February 11, 2021
Taxation in the United States, Tax forms, H&R Block, HRB, Tax return, Tax preparation in the United States, Tax, Government

Tax filing is especially important for U.S. expats because they can be at risk of penalties, or in some cases, losing their passports if they are not compliant.

Key Points: 
  • Tax filing is especially important for U.S. expats because they can be at risk of penalties, or in some cases, losing their passports if they are not compliant.
  • To help expats meet their filing obligations, H&R Block (NYSE: HRB) today announced a new online do-it-yourself tax software for U.S. expats who want to file on their own.
  • H&R Block offers a DIY filing solution built specifically for expats to avoid double taxation and ensure an accurate tax return that meets filing requirements.
  • To learn more about the expat DIY tax service or to get started filing taxes today, visit hrblock.com/expat .

Credit Karma Brings Credit Karma Money to the Masses With TurboTax Integration, Its First With Intuit

Retrieved on: 
Thursday, February 11, 2021
Professional services, Data management, Technology, Software, Finance, Banking, Accounting, Taxation in the United States, Articles, Economy of California, Credit Karma, Credit scoring, Intuit, TurboTax, Kenneth Lin, Karma, Tax preparation in the United States, Credit Karma, Intuit

Users are taken to the Credit Karma Money experience from within TurboTax and can open their account then continue with their TurboTax filing, all in a few clicks.

Key Points: 
  • Users are taken to the Credit Karma Money experience from within TurboTax and can open their account then continue with their TurboTax filing, all in a few clicks.
  • This integration will enable TurboTax filers to do more with their refunds with Credit Karma Money.
  • "We believe consumers should have a checking account that helps them make financial progress, which is why we created Credit Karma Money Spend," said Kenneth Lin, founder and CEO of Credit Karma.
  • Credit Karma members with a Credit Karma Money Spend account come back to Credit Karma two to three times more than members without an account.3
    Credit Karma is an independent third-party and is not a bank.