2021 E-FILE START DATE: FEBRUARY 12 😲

IRS announces the start of e-File for the 2021 Tax Season will be Friday, February 12th.  Today, the IRS announced the e-file start date for the 2021 tax season, which came as a surprise to many of us since normally IRS starts accepting tax returns no later than the last week...

2020 IRS TAX UPDATES

Form 1099-NEC The 1099-NEC disappeared in the early '80s, and after a 38 absence is making a disco comeback! This form will be used to report non-employee compensation in box 1, meaning that nonemployee compensation will no longer be reported on Form 1099-MISC. Form 1099-NEC will need to be entered...

1099-NEC, NONEMPLOYEE COMPENSATION

Introducing New From 1099-NEC is used by payers to report payments of $600 or more made in the course of a trade or business to others for services. Prior to the creation of this form, these payments were reported in box 7 on Form 1099-MISC. Payers must provide a copy...

11/21/2020 E-FILE SHUTDOWN

IRS QUICK ALERT: CUTOVER 1040 MODERNIZED E-FILE (MEF) PRODUCTION SHUTDOWN AND CUTOVER The IRS announced that E-file will “shutdown” will begin on Saturday, November 21, 2020, at 11:59 p.m. Eastern time, in order to prepare the system for the upcoming Tax Year 2020 Filing Season. Click Here to read the full...

E-FILE AMENDED RETURNS (1040-X)

Now you can E-file 1040-X. This is a major milestone in tax administration, the Internal Revenue Service announced today that taxpayers can now submit Form 1040-X electronically. This will help Taxpayers correct tax returns with ease and speed up processing tremendously. E-filing as a whole has consistently grown each year...