Tax Research
We appreciate our loyal MyTAXPrepOffice customers and look forward to partnering with you for another successful tax season. Our expert support team is here to help you with any tax software questions you may encounter, however, we are unable to provide tax advice. Examples of tax advice include:
1. What is the new CTC credit?
2. Does my client qualify for the EIC?
3. How do I file for someone who lived in another state part of the year?
4. Does a certain relationship (nephew, uncle, etc.) qualify as a dependent?
5. Is this form completed correctly?
Most tax questions can be answered with a review of the instructions and information at www.IRS.gov.
We understand this will be a challenging year with many changes to the tax law and common forms. Please visit the IRS Tax Reform website at https://www.irs.gov/tax-reform to learn about the recent tax changes for Tax Year 2018 that could affect your clients.
Below are some helpful tax links to aid in answering some of your most frequently asked tax questions.*
FORMS, PUBLICATIONS & INSTRUCTIONS
Complete List of Forms, Publications & Instructions
TAX GUIDE 2020 FOR INDIVIDUALS
E-FILING INFORMATION
Modernized e-File (MeF) Operational Status
Handbook for Authorized IRS E-file Providers of Individual Income Tax Returns
WHAT YOU NEED TO KNOW ABOUT FORM 1040
1040 QuickFinder Handbook (quick reference tax answers)
2020 Form 1040
2020 Instructions for Form 1040 (HTML)
Schedules for 1040 and 1040-SR
FREQUENTLY ASKED TAX QUESTIONS
Adding and Completing a Schedule C
Completing Form 1099-R
Completing the EIC
Dependent Types
Filling in Form 1099-MISC
Form W-2 Overview
Form 1040-SS
Health Care Information Forms for Individuals (Forms 1095-A, 1095-B, and 1095-C)
Marketplace Healthcare Plan Without Premium Tax Credits
Starting an Individual Tax Return
Understanding Disabled Spouse Tax Benefits
Understanding the 2018 ACA Worksheet
Understanding the Child Tax Credit
Using Form 8453
CHILD TAX CREDIT
IRS Publication 972: https://www.irs.gov/pub/irs-pdf/p972.pdf provides information about changes to the Child Tax Credit.
TAX REFORM BASICS FOR INDIVIDUALS & FAMILIES
IRS Publication 5307: https://www.irs.gov/pub/irs-pdf/p5307.pdf provides information to help individual taxpayers understand the new law, take action – if necessary – and comply with their federal tax return filing requirements.
TAX REFORM FOR BUSINESS
IRS Publication 5318: https://www.irs.gov/pub/irs-pdf/p5318.pdf provides information about changes to deductions, depreciation, expensing, credits, fringe benefits, and other items that may affect business’ tax liability and bottom line.
STATE TAX INFORMATION
Listing of State Departments of Revenue
National Association of Tax Professionals (NATP) State Chapters
Center for State Tax Policy (Tax Foundation)
GENERAL TAX INFORMATION
Basic Tools for Tax Professionals
Bloomberg Tax & Accounting Insight Center
IRS Tax Professionals Home Page
IRS Fact Sheets
IRS News
IRS Tax Information (Spanish)
IRS e-Services
IRS Telephone Assistance
IRS Disaster Relief Information
Parker Pro Tax Library Articles
TaxSearch.org
ADDITIONAL TRAINING
For additional MyTAXPrepOffice training, please visit our Training Video Library.
In addition, please subscribe to our YouTube channel for up to date videos on all aspects of MyTAXPrepOffice.
*Although Advanced Tax Solutions LLC provides links to third party sites, Advanced Tax Solutions, LLC is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within any third-party site.