Blog Detail
TaxWorks Blog
http://blog.taxworks.com/
This is the official TaxWorks blog. Here you’ll find our thoughts, insights and opinions as well as news on the tax industry.
Recent Posts
Florida E-file Mandates
If you paid $20,000 or more in tax during Florida’s fiscal year (July 1- June 30), you must electronically file and pay Florida corporate income tax....
1120/1120S E-File
The IRS has mandated that all 1120/1120S corporations with assets of $10 million or more and filing 250 federal returns must file form 1120/1120S electronically. The 1120/1120S e-file process is similar to the 1040.Check the File Electronically box o...
E-file – Responsibilities of Tax Preparer
You are under contract with the bank to comply with the procedures of establishing customer identity and recording the ID. If the procedures are not followed, you may be required to indemnify any loans not collected by the bank. To help ensure that y...
Connecticut E-file Mandates
Connecticut legislation requires preparers who prepared 100 or more income tax returns in the previous calendar year to file all personal income tax returns electronically....
California E-file Mandates
Preparers who prepare more than 100 individual income tax returns during a calendar year are required to e-file all individual income tax returns. The preparer will be assessed a $50 penalty for each acceptable individual income tax return that is pr...
706 Estate Tax
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 extension can be granted by filing Form 4768. The IRS rel...

