article thumbnail

IRS Expands Business Tax Accounts to Include S Corporations and Partnerships

CPA Practice

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

article thumbnail

IRS expands Tax Pro Account, launches enforcement effort

Accounting Today

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

Tax 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tax Season to Start January 29, 2024

CPA Practice

Enhanced paperless processing that will enable taxpayers to submit all correspondence, non-tax forms, and responses to notices digitally and will be able to e-File 20 additional tax forms. Achieving this milestone will enable up to 125 million paper documents to be submitted digitally per year.

Tax 133
article thumbnail

IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

Online Account. An enhanced IRS Individual Online Account that includes chat, the option to schedule and cancel future payments, revise payment plans and validate and save bank accounts. Achieving this milestone will enable up to 125 million paper documents to be submitted digitally per year.

article thumbnail

How Long Does It Take an Accountant to Do Taxes?

xendoo

Online accounting software can assist in managing small business income and expenses. The cost of the tax preparation and filing varies. Often you may offset the cost of these services with your tax refund if you are eligible for one. Tax Accounting Software. More complex returns will incur higher fees.

article thumbnail

IRS Warns About Scams Targeting Seniors

CPA Practice

To view details about an individual’s tax account, they can set up or check their IRS individual online account on IRS.gov. If taxpayers are uncertain about the legitimacy of IRS communications, they can contact IRS customer service for verification at 800-829-1040 , or for the hearing impaired, TTY/TDD 800-829-4059.

Tax 117
article thumbnail

QuickBooks Updates in April: QuickBooks Business Network Roll Out, Desktop Migration, ProAdvisor Support Updates and More

SchoolofBookkeeping

accountants will have access in summer 2022, making the Network one of the largest communities of accountants and small businesses in the country. We’re seeing more and more firms move some or all of their QuickBooks Desktop clients to QuickBooks Online. including domain experts with prior tax/accounting knowledge.