Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Nov 27, 2009, 2:25 pm
Frequently Asked Questions Q: What is the due date for filing Form 706, and can I file an extension? A: The due date for Form 706 is nine months after the date of death. An automatic six-month exten...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Nov 24, 2009, 1:40 pm
Preparers who prepare more than 50 individual income tax returns, and use tax preparation software, must file all returns using electronic means.Electronic means include electronic filing or printed r...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Nov 17, 2009, 1:34 pm
1040 state e-filing is available for 42 states. All states allow EROs nationwide to participate. You can e-file one or more state returns for each taxpayer. You can also e-file most state returns with...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Nov 15, 2009, 2:10 pm
Many states are implementing Modernized e-File (MeF) for the 1041, 1065, 1120, and 1120S systems. TaxWorks plans on having the following state systems available in 2009: 1041: MBT, NY 1065: AL, CA,...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Nov 3, 2009, 1:32 pm
To participate in the e-file program, you must be an authorized e-file provider. This requires that you file federal Form 8633, Application to Participate in the IRS e-file program, with the IRS.Step-...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Oct 27, 2009, 2:31 pm
TaxWorks comes with an integrated Electronic Filing Module for federal systems 990, 990PF, 1040, 1041, 1065, 1120, 1120S, and Extensions. The following states can be filed: 1040: AL, AZ, AR, CA, CO, ...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Oct 23, 2009, 3:15 pm
1065 E-File The IRS mandated all partnerships with 100 or more K-1s to be filed elec¬tronically. A $50 penalty for each K-1 over 100 is imposed. The 1065 e-file procedure is similar to the 1040. Che...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Oct 20, 2009, 2:30 pm
Alerts allows TaxWorks personnel to send messages throughout the year to all customers or specific groups of customers. These messages alert you of upgrades, helpful hints, e-file IRS drain informatio...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Oct 13, 2009, 2:24 pm
TaxWorks tax forms are approved for filing by the IRS and state agencies. All of our forms print in a professional laser or PDF format. We provide utilities that allow you to print federal and state r...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Oct 10, 2009, 2:33 pm
Each e-file return is assigned a Declaration Control Number (DCN). The DCN is used by the IRS for identification purposes. The number must be unique for each return. The program will automatically ass...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Oct 9, 2009, 11:40 am
RedGear Will to Win Video
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Sep 29, 2009, 1:28 pm
Use Data Sheet Input when entering information from TaxWorks input sheets and organizers. This method of input is popular among preparers who interview clients away from the computer. Often a secretar...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Sep 22, 2009, 1:13 pm
The Invoice feature allows entry of individual billing amounts for each form, schedule, and various line items. Once the invoice settings have been entered and saved, the defaults will automatically c...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Sep 15, 2009, 12:59 pm
You have the option of adding three extra sections to the federal letter. Scroll to the Federal Extra Sections area at the bottom of the letter screen. We have included text for the following extra se...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Sep 8, 2009, 11:56 am
The Standard Filing Instruction Letter is generated automatically with each client return. It contains information such as refund amount, balance due, and mailing instructions, which are pulled from t...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Sep 6, 2009, 2:23 pm
Verify is used as a comparison process for Data Sheet Input. For more accuracy you may want a different person to perform the re-entry. The Verify process is optional.
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Sep 1, 2009, 11:54 am
The Scheduler is a helpful tool for managing your tax appointments. Features include auto-scheduling, reminders, tasks, and reports. It allows you to place client’s names directly from your client l...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Aug 25, 2009, 11:42 am
The TaxWorks program has integrated four Financial Planning Report tools: Two-Year Comparison Report, Net Worth Statement, Retirement Planning Report, and Education Planning Report. These tools can he...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Aug 18, 2009, 11:41 am
Many of your tax returns can be prepared from the main General Information screen by using Form Links. Click the underlined, highlighted form name or description to access the associated form. Make e...
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Cris posted an article on TaxWorks - Professional Tax Preparation Software - Blog - Aug 11, 2009, 11:40 am
The Summary pane displays client information such as AGI, EIC, Net Tax, Total Payments, and Refund. As you enter information in the client’s return, the Summary pane will display real-time calculati...
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