Pronto Tax School

IRS Information

IRS “Disappearing” Tax Preparer Rights

Getting ahold of the IRS has become EXTREMELY difficult these days, even for tax professionals, would you agree? And it’s not even tax season! If even tax professionals like us are frustrated, imagine how “normal people” feel when trying to get in contact with IRS and can’t get through to anyone at IRS. This is becoming […]

$500 Child Tax Credit for College Kids

Wanted to give you a quick heads up about a “secret” that I discovered:  Your clients who claim college kids age 18 – 24 as dependents will (*generally speaking) qualify for a “one time” Child Tax Credit payment of $500, paid to them as an advance. So, if you have clients who get an “extra” […]

IRS “math error” letters increased by 1,331% this year versus last year.

No, that 1,331% increase is not one of my infamous typos!  🙂  Statistics here from IRS Taxpayer Advocate Service report, check my math please:  629,000 math error letters sent January 1, 2020 – July 15, 2020. 9 million math error letters sent January 1, 2021 – July 15, 2021. 7.4 million of those letters were related to […]