Nexus United

02 Sep 20

Benefits of Health Savings Accounts for Maximum Savings

Article Highlights: Medical Savings Account Retirement Account High-Deductible Plan Eligible Individuals Monetary Qualification for an HSA Qualification Chart Maximum Contributions Establishing an HSA Qualified Medical Expenses The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a…

22 Oct 18

IRS Announces MeF Shutdown and Cutover Dates

IRS has announced that the Modern e-File System (MeF) will commence its annual shutdown and cutover maintenance period on Saturday, November 17, 2018, at 11:59 p.m. in order to prepare the system for the upcoming Tax Year 2018 Filing Season See the full text of the announcement here. Preparers should…

16 Oct 18

Tax Preparer Education Requirements: Qualifications & Certifications

Being a tax preparer comes with specific responsibilities that require continuous professional development. The IRS mandates continuing education for tax preparers to ensure they are informed of the latest tax laws, due diligence changes, and best practices for accurate and reliable tax services. Let’s explore the Tax Preparer Education Requirements…

16 Oct 18

Refund Timing for Earned Income Tax Credit & Additional Tax Credit

The tax industry stakeholders are projecting refunds will begin hitting accounts mid-week, Feb 22nd. This is just an estimate and not a guarantee and it could take 7-10 days for the backlog of refunds to be caught up. Also note, the refunds may not be deposited in the order of…

16 Oct 18

5 Mistakes Preparers Make When Buying Tax Software

Refusing To Adopt Cloud-based Software The tax preparation software industry is probably one of the slowest industries to embrace cloud technology for software needs. There are items to be concerned about, however, if banking, finance, trading, healthcare and other sensitive data can reside in the cloud, isn’t it time to…

Benefits of Health Savings Accounts for Maximum Savings

IRS Announces MeF Shutdown and Cutover Dates

Tax Preparer Education Requirements: Qualifications & Certifications

Refund Timing for Earned Income Tax Credit & Additional Tax Credit

5 Mistakes Preparers Make When Buying Tax Software

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