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TY2020 Tax Law Update – December 3, 2020

Resource Center Posted on January 1, 1970 by BillDecember 19, 2022

Our most popular and important webinar topic presented each season by Eva Rosenberg, EA (aka TaxMama), this webinar will cover the most important need to know tax law updates for … Continue reading →

Posted in Webinar | Tagged 1040, Individual, Tax, Tax Law Updates, Webinar

How to Run a Custom Report Identifying Returns with Unemployment

Resource Center Posted on January 1, 1970 by BillSeptember 1, 2021

In this video, we will show you how to create a custom report containing returns with unemployment compensation for the primary taxpayer and spouse, entered using Form 1099-G OR by Direct Entry on Schedule 1 – Line 7. From the report, we will also show you how to send a text message to these clients and how to export this report should you want to print a calling list. You can also use what you learn in this video to easily create and save other reports that may be useful within your tax business. Important Note: As of March 17, 2021, the IRS is still instructing tax professionals to NOT AMEND ALREADY FILED 2020 tax returns with unemployment income until further guidance is issued.

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Posted in Individual Tax Returns, Video Library | Tagged How-To, Report, Video

Setting COVID “Look-Back” EIC/ACTC & Form 7202 Validation Checks in the Software for TY2020

Resource Center Posted on January 1, 1970 by BillSeptember 1, 2021

In our ongoing efforts to ensure you are aware of the new COVID “look-back” elections that may increase your client’s refund and/or reduce any tax due, we have created this short … Continue reading →

Posted in Individual Tax Returns, Video Library | Tagged 1040, Software, Video

COVID Relief Provisions Software Walk-Through for TY2020

Resource Center Posted on January 1, 1970 by BillSeptember 1, 2021

The 2021 software program contains important new updates associated with these (3) new COVID relief provisions for TY2020:• Recovery Rebate Credit Worksheet to Report Economic Impact Payments 1 and 2• … Continue reading →

Posted in Individual Tax Returns, Video Library | Tagged 1040, 7202, ACTC, EIC, Software, Video

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