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One Big Beautiful Bill Act Offers Major Tax Relief
Big tax changes are coming! The IRS just announced major new deductions for seniors, overtime workers, tip earners, and auto loan interest under the One Big Beautiful Bill Act—starting in tax year 2025. Here’s what you need to know.
Aug 8


IRS Extends Deadlines to Nov. 3 for Arkansas Residents
The IRS has announced disaster tax relief for all Arkansas residents impacted by severe weather on May 24, 2024. Taxpayers now have until November 1, 2024, to file federal returns and make payments originally due between May 24 and November 1. This includes individual, corporate, and other entity filings, as well as estimated tax payments. Tax professionals should review clients' eligibility and adjust filing timelines accordingly.
Apr 22


Tax Relief to All Tennessee Residents: Key Details for Tax Preparer
The IRS has announced that all individuals and businesses in Tennessee affected by severe storms, straight-line winds, tornadoes, and flooding beginning April 2, 2025, are eligible for disaster tax relief.
Apr 14


IRS Alert: Key Filing Deadlines for U.S. Taxpayers Abroad
The IRS announced that U.S. citizens and resident aliens living and working abroad must file their federal income tax returns by June 16.
Apr 10


Guidance for Tax Preparers: Automatic Tax Extensions for Clients Affected by 2024 Disasters
The IRS has announced automatic extensions for individuals and businesses in areas affected by federally declared disasters in 2024.
Apr 5


RMD Deadline Reminder: What Tax Professionals Need to Know
The IRS issued a reminder today that retirees who turned 73 in 2024 must begin receiving payments from (IRAs) & 401(k)s by Tuesday, April 1
Mar 24


Tax Relief for West Virginia Storm Victims: What Tax Preparers Need to Know
Severe storms, landslides, and flooding that began on Feb. 15, 2025 in West Virginia have led the IRS to extend tax deadlines.
Mar 18


Tax Deadline Alert for Farmers and Fishers
Unlike most taxpayers, farmers and fishers have unique tax requirements that impact their filing timelines.
Feb 28


Updates for Tax Year 2024
Don't miss important deductions, credits, and reporting requirements that can impact taxpayers and tax professionals alike.
Feb 21


Essential Steps for Tax Preparers Filing 2024 Returns
Check out these important reminders to assist professionals in navigating the 2025 tax season effectively.
Feb 19


Tax Changes In 2025
It is essential to stay informed about the latest adjustments to tax parameters for the 2025 tax season.
Feb 7


EITC Awareness for Tax Professionals
The Earned Income Tax Credit (EITC) is one of the most impactful credits available.
Jan 31


2025 Tax Filing Season Begins
The 2025 tax filing season is officially here, and the IRS is now accepting and processing returns.
Jan 28


Reminder: January 31 Deadline for Wage Statements and Information Returns
As the 2024 tax season begins, the IRS reminds employers and businesses of the critical January 31 deadline to submit wage statements.
Jan 22


HUB Testing for TY2024 Starts Thursday, January 16, 2025
MyTAXPrepOffice is an official HUB Testing partner for the IRS. Find out when and how you can e-file client returns early with us.
Jan 14


Tax Relief for California Wildfire Victims: Key Deadlines Extended to October 15
For eligible taxpayers, the IRS has postponed various tax filing and payment deadlines to October 15, 2025.
Jan 14


2025 Tax Filing Season Starts January 27
Tax season starts on January 25, 2025. Check out other key dates and tips for being ready to hit the ground running this tax season!
Jan 10


Key Updates on 1099 and E-Filing Availability for the 2025 Tax Season
1099 and W-2 e-filing opens on January 10th, 2025. Business filing opens on January 25th. 1040 e-filing begins January 27th.
Jan 10


Tax Deadlines Extended for Disaster-Affected Areas: What You Need to Know
The IRS has announced extended tax deadlines for individuals and businesses in disaster-affected areas, offering much-needed relief to...
Jan 8


Final 2024 Quarterly Estimated Tax Payment Due January 15
Final 2024 estimated tax payment due Jan 15. Ensure clients avoid penalties by paying 90% of 2024 tax or 100% of 2023 liability.
Jan 7