Tax Research

We appreciate our loyal MyTAXPrepOffice customers and look forward to partnering with you for another successful tax season. Our expert support team is here to help you with any tax software questions you may encounter; however, we cannot provide tax advice. Examples of tax advice include:

1. What is the new CTC credit?
2. Does my client qualify for the EIC?
3. How do I file for someone who lived in another state part of the year?
4. Does a certain relationship (nephew, uncle, etc.) qualify as a dependent?
5. Is this form completed correctly?

Most tax questions can be answered with a review of the instructions and information at www.IRS.gov.

We understand this will be a challenging year with many changes to the tax law and common forms. Please visit the IRS Tax Reform website at https://www.irs.gov/tax-reform to learn about the recent tax changes for Tax Year 2018 that could affect your clients.

Below are some helpful tax links to aid in answering some of your most frequently asked tax questions.*

FORMS, PUBLICATIONS & INSTRUCTIONS

Complete List of Forms, Publications & Instructions

TAX GUIDE 2019 FOR INDIVIDUALS

Publication 17

E-FILING INFORMATION

Modernized e-File (MeF) Operational Status
Handbook for Authorized IRS E-file Providers of Individual Income Tax Returns

WHAT YOU NEED TO KNOW ABOUT FORM 1040

1040 QuickFinder Handbook (quick reference tax answers)
2019 Form 1040
2019 Instructions for Form 1040 (HTML
Schedules for 1040 and 1040-SR

FREQUENTLY ASKED TAX QUESTIONS

Adding and Completing a Schedule C
Completing Form 1099-R
Completing the EIC
Dependent Types
Filling in Form 1099-MISC
Form W-2 Overview
Form 1040-SS
Health Care Information Forms for Individuals (Forms 1095-A, 1095-B, and 1095-C)
Marketplace Healthcare Plan Without Premium Tax Credits
Starting an Individual Tax Return
Understanding Disabled Spouse Tax Benefits 
Understanding the 2018 ACA Worksheet
Understanding the Child Tax Credit
Using Form 8453

CHILD TAX CREDIT

IRS Publication 972: https://www.irs.gov/pub/irs-pdf/p972.pdf provides information about changes to the Child Tax Credit.

TAX REFORM BASICS FOR INDIVIDUALS & FAMILIES

IRS Publication 5307: https://www.irs.gov/pub/irs-pdf/p5307.pdf provides information to help individual taxpayers understand the new law, take action – if necessary – and comply with their federal tax return filing requirements.

TAX REFORM FOR BUSINESS

IRS Publication 5318: https://www.irs.gov/pub/irs-pdf/p5318.pdf provides information about changes to deductions, depreciation, expensing, credits, fringe benefits, and other items that may affect business’ tax liability and bottom line.

STATE TAX INFORMATION

Listing of State Departments of Revenue
National Association of Tax Professionals (NATP) State Chapters
Center for State Tax Policy (Tax Foundation)

STATE REQUIREMENTS FOR REFUND ASSISTANCE LOAN PRODUCTS

Tax refund loan assistance programs are a great way for tax preparers to grow their business. Before offering these products, be sure you review the requirements for your state regarding registration, disclosures, and other regulations. The following states currently have regulations for tax preparers who offer these types of loans

Arkansas
Arkansas Code Title 4 Subtitle 7 Chapter 116 Refund Anticipation Loan Act

California
California Business and Professions Code Section 22253.1

Colorado
Colorado Revised Statute Title 5 Consumer Credit Code – Disclosures Required 

Connecticut
Chapter 743ee Refund Anticipation Loans
Special Notice 2017(8)
Special Notice 2018(8) 

Illinois
Tax Refund Anticipation Loan Act

Louisiana
RS 9:3579.4 

Maine
Article 10: Part 3

Maryland
HB1206: Commercial Law - Consumer Protection - Refund Anticipation Loans and Checks 

Michigan
Refund Anticipation Loan Act 

Minnesota
Tax Preparation Services 

Nevada
Chapter 604B – Refund Anticipation Loans 

New Jersey
New Jersey Statute Title 17 Section 17:11 D-3 Refund Anticipation Loans

New York
Publication 58 (pages 13-15)
New York Bill of Rights Concerning Tax Preparers 
New York State tax preparer registration 

North Carolina
Refund Anticipation Loan Act
Refund Anticipation Loan Facilitators Overview 

Oregon
2017 ORS 673.625
017 ORS 673.712
2017 ORS 637.15

Tennessee
Tennessee Code Title 62 Chapter 29 Part 2 Refund Anticipation Loans 

Texas
Texas  OCCC – Refund Anticipation Loan

Virginia
Advertising; posting RAL fee schedule; and disclosures

Washington
Washington State DFI – Tax Refund Anticipation Loan 

Wisconsin
Wisconsin Statute 422.310 Refund Anticipation Loans 
Refund Anticipation Loan 

GENERAL TAX INFORMATION

Basic Tools for Tax Professionals 
Bloomberg Tax & Accounting Insight Center
IRS Tax Professionals Home Page
IRS Fact Sheets
IRS News
IRS Tax Information (Spanish)
IRS e-Services 
IRS Telephone Assistance
IRS Disaster Relief Information
Parker Pro-Tax Library Articles
TaxSearch.org

ADDITIONAL TRAINING

For additional MyTAXPrepOffice training, please visit our Training Video Library.
In addition, please subscribe to our YouTube channel for up to date videos on all aspects of MyTAXPrepOffice.


*Although Advanced Tax Solutions LLC provides links to third party sites, Advanced Tax Solutions, LLC is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within any third-party site.