News by Tag: Tax season

Drake Software and National Association of Tax Professionals present second free roundtable discussion in preparation of the 2022 tax season
Topics include earned income credit, Infrastructure Investment and Jobs Act, and tax law updates

December 1, 2021

NATP recommends taxpayers take certain actions before Dec. 31 to reduce tax liabilities and prepare for 2021 return
Max out retirement contributions, gather child tax credit info, take RMDs at the top of the list

November 30, 2021

Drake Software and National Association of Tax Professionals team up for series of free roundtable discussions ahead of tax season
Topics include advance child tax credit payments and tax law updates

November 2, 2021

NATP urges taxpayers to save new IRS letter for advance child tax credit payments
IRS to mail Letter 6419 in January 2022 to taxpayers who opted for advance payments; taxpayers should present letter to tax professional

October 12, 2021

National Association of Tax Professionals releases annual tax preparer fee study
2021 survey finds many tax pros are undercharging their clients when compared to competitors

September 13, 2021

Tax pros weigh in on 2021 tax season, COVID-19 relief acts and future business practices
NATP survey finds most tax pros faced issues with accurate reporting of stimulus payments, client issues and late/lack of IRS guidance

August 12, 2021

NATP offers education on two major post-tax season issues
Free webinars on filing form 1040-X after an IRS adjustment and estimated tax payments

June 9, 2021

Reporting taxable income for Instagram influencers proves challenging for tax professionals
More taxpayers report income from gig economy on 2020 returns, additional regulations noted by tax pros

March 8, 2021

National Association of Tax Professionals offers extended hours during tax season
Federal tax research experts on hand to answer preparer questions

February 10, 2021

Tax professionals weigh in on 2021 tax season deadline
NATP survey finds July 15, 2020, filing extension was helpful for tax pros and their clients

February 1, 2021

Home office tax deductions expected to rise nationally with uptick in remote workers
Certain requirements must be met; detailed records must be kept

November 8, 2021

Self-employed taxpayers can use estimated tax payments to help with annual tax debt
NATP recommends taxpayers meet with qualified professional to estimate tax liability

October 19, 2021

Tax Season Updates cover latest legislation in two-day workshop worth 16 CPE
NATP tax events taking place in 100+ locations across the U.S.

August 2, 2021

NATP supports expanded preparer regulation, enforcement
Association submits letter to Congress in support of a ‘higher standard for all tax professionals’

June 23, 2021

NATP offers series of worksheets, charts for tax pros to use during tax season
Worksheets include AMT NOL loss computation, like-kind exchange and due diligence questionnaire

February 11, 2021

Working with a tax professional is even more important in 2021
Major tax law changes will affect many taxpayers' 2020 returns

February 8, 2021