Earlier this month, the IRS gave guidance to businesses planning to deduct expenses for meals and entertainment which was at first thought to be eliminated by the Tax Cuts and Jobs Act. Tax professionals may have originally understood this to mean the elimination of any business expense deductions that would be considered to be entertainment,…
Sigma Tax Pro sheds light on extended deadlines provided by the IRS for victims of Hurricane Florence in certain locations throughout North Carolina and other affected areas. Delray Beach, FL (PRUnderground) September 21st, 2018 Areas designated by the Federal Emergency Management Agency for individual assistance because of Hurricane Florence have been granted relief by the IRS to…
Sigma Tax Pro Reminds Tax Professionals to Close Out Tax Season Correctly Posted: Apr. 18, 2018, 07:30 AM DELRAY BEACH, Fla., April 18, 2018 /PRNewswire-iReach/ — As tax season comes to a close this week many offices are in a mad dash to file extensions, while others have already gradually slowed to a stop. For those tax…
Sigma Tax Pro Urges Tax Professionals To Follow Up Now With Outstanding Accounts Posted: Mar 28, 2018 10:06 AM EDT Many preparer write off unpaid preparation fees as a loss, but that is not always the case Delray Beach, FL (PRUnderground) March 28th, 2018 When taxpayers elect to use a refund transfer product, and then the refund…
With a large amount of returns containing EITC and ACTC expected to fund shortly, it is important to be prepared Feb 16, 2018, 8:01am EST DELRAY BEACH, Fla., Feb. 16, 2018 /PRNewswire-iReach/ — After being introduced last tax season, the PATH Act ensures all taxpayer returns containing Earned Income Tax Credit or Additional Child Tax Credit will…
Taxpayer cash advances are a big incentive to bring in new clients, tax professionals must have this option available to ensure they do not lose business to competitors (PRWEB) JANUARY 19, 2018 As the IRS delays the funding of returns again this year for millions of American taxpayers, the option of receiving a cash advance on…
DELRAY BEACH, Fla.–(BUSINESS WIRE)– Every year thousands of seasonal tax offices rely upon a small loan, usually in December, to help get their office up and running for tax season. This loan can cover anything from paying employees to funding a marketing campaign. Each of the major refund transfer banks offer their own variation, but…
This will be the first tax season where a tax return will not be processed without addressing the Affordable Care Act requirements. (PRWEB) OCTOBER 27, 2017 Last year, taxpayers were penalized for not having the required health care coverage. They were penalized by experiencing longer than normal delays in processing their refunds, as well as being…
Sigma Tax Pro warns taxpayers that the scammers have recently redoubled their efforts to cheat innocent victims out of their hard earned dollars. DELRAY BEACH, FLORIDA (PRWEB) JUNE 27, 2017 In a recent press release from the IRS, taxpayers are warned of a new scam targeting American taxpayers. As described, the scammers call the taxpayers and angrily…
The IRS is continuing its battle against identity theft, an issue that has affected tax professionals and taxpayers for some years now. It will begin sending letters in December to some users of the e-Services portal informing them they have to either go online or call the e-Help Desk to validate their identities. The goal…