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IRS Tax Tip 2015-01, January 20, 2015 Are you still using the old school method of doing your taxes? Do you still mail paper forms to the IRS? If so, make this the year you switch to a much faster and safer way of filing your taxes. Join the nearly 126 million taxpayers who used IRS e-file to file their taxes last year. Here are the top five reasons why you should file electronically too: Accurate and easy. IRS e-file is the best way to file an accurate tax return. The tax software that you use to e-file helps avoid [More]
Good news from CRA for late filers who still want the opportunity to E-file instead of Paper-filing their late 2012 income tax return! Extension of the electronic filing season As part of our ongoing efforts to improve electronic filing processes, the Canada Revenue Agency (CRA) is pleased to announce the extension of the electronic filing season for 2012 T1 tax returns. The electronic filing systems, EFILE Online, EFILE Online Plus and SEND, will be available until January 17, 2014 instead of November 30, 2013. Source: CRA News
PLEASE NOTE: YOU ARE NOT GOING CRAZY! THAT ENVELOPE DIDN’T ARRIVE YET! I just received an email from Canada Revenue Agency to advise my clients of the following: For 2006 and subsequent tax years, taxpayers who had their return prepared by a tax professional in the preceding tax year, and had a resulting nil or debit balance, will no longer receive a tax package from the Canada Revenue Agency (CRA). This basically means that if you had a no balance owing or received a refund and someone like me EFILED your 2005 tax return .. you will not get that [More]