January through April can be a stressful time for us in the tax industry. We want tax returns to be done quickly and efficiently, but each return has its own complexities. To reduce stress and help tax professionals, here’s a quick guide to the most common errors on a tax return and how to avoid […]
Whether a taxpayer has minor or major changes to a tax return that has already been filed, fixing the return can be complicated. Taxware Systems is here to help. Here is a quick guide to help you create an amended return using our software. First, here are a few things you need to know: When […]
This year the IRS has expanded due diligence questions concerning the Child Tax Credit to make sure that taxpayers and their children qualify for the credit. Here is a short guide to help tax professionals navigate this important credit. Amount: The Child Tax Credit may help reduce federal income tax by $1,000 for each qualifying child […]
Hello! Here at Taxware Systems, we want tax professionals to stay informed about the tax industry at large, including important information from the IRS that will help the tax season run smoothly. The IRS recently announced that the official start date for 2017 filing season, and the day they will begin processing returns is Monday, January […]
During the holiday season, people often donate money, personal belongings or property to charity. Here are some tips that you can share with your clients to help them file their tax return. Qualified Charities: The client can deduct gifts for a qualified charity. This includes churches, synagogues, temples, mosques and government agencies, even if they do […]
W-2 Input The W-2 Input page has been modernized. We have put special focus on the flow and tab order of the W-2 page. The W-2 follows the IRS W-2 form. We have added the wizard mode button so that you can turn the wizard flow on or off any time, whether you are in […]
We have had a busy summer! We have added a lot of fantastic capabilities to the Income Tax programs. We appreciate your ideas and partnership continuing to help Wintax be the best in the industry. We have posted a video that shows you the great enhancements that have been made to our new next generation […]
Do your clients have ITINs, or Individual Taxpayer Identification Numbers? The IRS issues an ITIN to those who need to file a tax return or report to the IRS, but who are not eligible for a social security number, and some of those ITINs expire at the end of 2016. If your client needs to […]
The IRS has announced new processing procedures involving the Earned Income Tax Credit and the Additional Child Tax Credit during the first few weeks of 2017, and during the latter half of 2016, the agency hopes to prepare taxpayers and tax professionals for this major change. As part of the PATH Act passed in December […]
Tax identity theft occurs when someone uses your Social Security number to file a fraudulent tax return to get a refund. This is a major issue that the IRS is trying to address, but they cannot win this fight alone. There are steps that you both as a taxpayer and a business owner can take […]
