If your clients (and/or you) missed the first round of PPP Festivities, well, now’s your chance to make sure they (and/or you) don’t miss the second round.
IRS got its “Get My Payment, Economic Impact Payment Tool” online this morning. Clients can use this tool to input direct deposit info if none on file as of now, to get faster stimulation.
For Returning Members, as an extra courtesy to you, we created an account for you on the upgraded online learning platform and even inputted all your past year CTEC and IRS information…follow these simple directions to log-in to your account.
If you do a significant number of tax returns, you will, without a doubt, run into situations where you have little to no idea what you are doing. This is fairly common experience for new tax preparers. Continue reading to learn more.
Pronto Tax School Newsletter
Renew CTEC.com | Tax News Update | January 2013
FEDERAL UPDATE 2013
Here is a small taste of the kind of tax update information you will get when you buy our 20 hour tax update course.
Effective for Tax Year 2013:
A top tax rate of 39.6% (up from 35%) will be imposed on individual making more than $400,000 a year, $425,000 for head of household, and $450,000 for married filing joint.
The 2% Social Security tax reduction is now history (ended 12/31/2012).
The maximum capital gains tax will rise from 15% to 20% for individuals taxed at the 39.6% rates (those making $400,000, $425,000, or $450,000 depending on filing status, as noted above).