Month: December 2014

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The House of Representatives voted to keep lapsed tax breaks for 2014 but no agreement has been reached for 2015.

Delray Beach, Florida (PRWEB) December 12, 2014

The so-called bare minimum package was finally agreed upon by the House of Representatives. This will avoid delaying tax refunds and disadvantaging taxpayers in the coming tax season. The House voted 378-46 to approve the measure, which provides $42 billion in relief to taxpayers. The Senate will not amend the bill so there will be a simple up or down vote to decide. This also comes as a welcome relief to tax professionals across America who have been waiting to hear the outcome of this decision.

However, as Jody Dovich at Sigma Tax Pro explains, this still leaves uncertainty in the future for taxpayers and tax pros alike. “Many of our clients are relieved that they now know what the 2014 tax season will look like, but they still want a long-term solution to the problem,” states Jody Dovich. President Obama has said he is also open to the short-term bare minimum option but has not confirmed whether or not he will sign the bill if the Senate votes in favor.

Sigma Tax Pro provides a full range of essential services for tax pros. This includes industry leading software solutions as well as technical support, tax preparation support and client retention strategies. Sigma Tax Pro specializes in helping tax preparation firms expand their businesses, open new offices and increase their client base. Sigma is also reminding all tax pros to check that their EFIN and PTIN numbers are up to date for the coming tax season.

Get more information at SigmaTaxPro.com.

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DELRAY BEACH, Fla.–(BUSINESS WIRE)– The Internal Revenue Service has issued a reminder to more than 690,000 federal tax return preparers nationwide that they must renew their Preparer Tax Identification Numbers (PTINs). All current PTINs expire on December 31st, 2014 and anyone planning to prepare tax returns in 2015 must have a valid PTIN number from the IRS. The PTIN number has to be entered on all tax returns prepared, and failure to have a valid PTIN may result in penalties.

Jody Dovich at Sigma Tax Pro urges all tax pros to complete their PTIN renewal process as early as possible, “It’s easy to get distracted during the holiday season and leave it until too late.” Any preparer who already has a 2014 PTIN can complete the renewal process quickly and easily online at www.irs.gov/ptin. For first-time applicants, the PTIN application fee is only $64.25 and this process can also be completed on the IRS website. However, for those wishing to complete a paper application, the process can take 4 to 6 weeks.

Sigma Tax Pro provides a full range of essential services for tax pros. This includes industry leading software solutions as well as technical support, tax preparation support and client retention strategies. Sigma Tax Pro specializes in helping tax preparation firms expand their businesses, open new offices and increase their client base. Sigma is also reminding all tax pros to check their EFIN and PTIN numbers are up to date for the coming tax season.

Sigma Tax Pro
Jody Dovich, 561-450-6422