EFTPS, the Electronic Federal Tax Payment System, is a tax payment system provided free by the U.S. Department of Treasury. Pay federal taxes electronically via the Internet or phone 24/7. Businesses and Individuals can pay all their federal taxes using EFTPS. Individuals can pay their quarterly Form 1040-ES estimated taxes electronically…
To remove or delete an individual client from the program, from the transmitting computer Main Menu of Keystone Tax Solutions select: Utilities Remove an Individual Client You will be prompted to enter the SSN of the client to remove or choose one from the pick list You will be asked Are you sure you…
The ERO EFIN/PIN is the electronic signature used on Form 8879. For consistency, each ERO is encouraged to use the same 11 numbers for their PIN on all returns for this filing season. The first 6 numbers of your ERO PIN must by your EFIN and it must match the EFIN…
IR-2016-103; WASHINGTON — The Internal Revenue Service today alerted tax professionals to an emerging phishing email scam that pretends to be from tax software providers and tries to trick recipients into clicking on a bogus link. The email scheme is the latest in a series of attempts by fraudsters to use…
Effective starting with the tax year 2016, Congress expanded the EITC due diligence requirements to include two additional refundable credits – the Child Tax Credit/Additional Child Tax Credit and the American Opportunity Tax Credit. One of four due diligence requirements is completion and submission of Form 8867, Paid Preparer’s Due Diligence Checklist….
The IRS has updated procedures that affect the Individual Taxpayer Identification Number (ITIN) application process. Taxpayers and their representatives should review these changes identified below before requesting an ITIN: Certification Process Changes (2016) CAAs will now be allowed to authenticate the passport and birth certificate for dependents. CAAs will continue…
The U.S. Department of Treasury and the IRS have ruled that same sex-couples, legally married in jurisdictions that recognize same sex marriages, will be treated as married for federal tax purposes. However, couples who have a registered domestic partnership, civil union, or similar formal relationship recognized under state law do…
IRS Health Care Tax Tip 2016-44: If you or anyone in your household enrolled in a health plan through the Health Insurance Marketplace in 2015, you should have received a Form 1095-A, Health Insurance Marketplace Statement, from the Marketplace. You will use the information on the form to claim the premium tax credit if…
The IRS offers several payment options if you owe federal tax. Here are a dozen key points to keep in mind when you pay your taxes this year. Never send cash. Electronic payment options are the quickest and easiest way to pay your tax. IRS Direct pay will withdraw directly…
Taken from the IRS.GOV website. File all tax returns that are due, regardless of whether or not you can pay in full. File your past due return the same way and to the same location where you would file an on-time return. If you have received a notice, make sure to send…