Important EIP Update
Hello Taxware Clients,
We have received a few questions regarding how to select or set a tax return as an EIP filing only return. We think the confusion comes from the IRS requirements in the 2019 tax year.
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Wintax NextGen Automatic Backups
Starting with the 2020 version of Wintax there is a new file structure for your data that will allow for easier backups of your data and setup information. The biggest change is that your data will no longer be defaulted to be saved in the program folder directly, but instead to a Settings and Data folder that, by default, will be located in your Taxware folder.
TAXWARE ANNUAL SEMINAR 2020
Although we truly missed seeing everyone at our in-person seminar event, we realize that the benefit of reaching more of our clients in this online platform for 2020 may be one silver lining to the adaptations we have all had to make this year.
Top 4 Ways to Secure Your Wintax Data
1. Windows Lock Screen – One of the simplest ways to protect your data is to lock your computer after it has idled for a short time. Enabling this is simple. Push your windows start button and type the words ‘Screen saver.’ Then, choose the option for turning on the screen saver, or changing the screen saver. You should see a screen similar to the image below.
Special $300 tax deduction helps most people give to charity this year – even if they don’t itemize
WASHINGTON – The Internal Revenue Service today reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Read more
Get Ready for Taxes: Get ready now to file 2020 federal income tax returns
WASHINGTON – The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help them file their federal tax returns timely and accurately in 2021, including special steps related to Economic Impact Payments.
This is the first in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A special page, updated and available on IRS.gov, outlines steps taxpayers can take now to prepare for the 2021 tax return filing season ahead.
Circular 230, Publication 947 available in Spanish for tax pros for the first time
IR-2020-246, October 27, 2020
WASHINGTON — As part of an ongoing initiative to provide information and assistance to underserved communities more effectively, the Internal Revenue Service announced today that it is making two key publications designed for tax professionals available in Spanish.
Bank Product Integration
The ability to provide a variety of options for the payment of your preparation fees, as well as provide other financial products your clients may be interested in, is important to many tax professionals. Many look to bank products to provide that flexibility.
