Thursday, January 11, 2024

Update: IRS Opens for Business Returns on January 16, 2024

 Please Note:  

The IRS will begin accepting all business tax returns at 9:00 a.m. Eastern time on Tuesday, January 16, 2024. 

Due to the number of legislation changes, the following forms will not be accepted, for the 2023 tax year, until Monday, January 29, 2024. If these forms are submitted with a tax return, the return will be rejected. Once these forms are available, they must be submitted in XML format and not as a Binary Attachment to claim the Clean Energy credits.

Form 3468 - Investment Credit 

Form 3800 - General Business Credit 

Form 7207 - Advanced Manufacturing Credit 

Form 7210 - Clean Hydrogen Production 

Form 8835 - Renewable Electricity Production Credit 

Form 8933 - Carbon Oxide Sequestration Credit 

Form 8936 Schedule A - Clean Vehicle Credit 


Please monitor the MeF Status page on IRS.gov for updates.

Reminder - Remain vigilant against suspicious email activity

This is a reminder that Wolters Kluwer will never email you to ask you to provide personally identifiable information (PII).


Requests to do so are signs of suspicious activity.

We strongly advise against clicking any links in this type of message, even if the email appears to be generated by Wolters Kluwer.

Refunds Today 2023 Federal and State E-File availability

Tax Season is beginning to ramp up. The Refunds Today team would like to keep you updated on the availability of Federal and State E-file Modules.

The Release Dates(estimated and Actual) for the Refunds Today modules can be located on the Refunds Today Site here.

In addition, important E-file dates can be found here.

Please refer back to these links often for latest Release dates.


SUPPORT
If you have any questions, please contact customer support via any of these options:
  1. Chat with a live agent SFS TaxWise Chat (cch.com)
  2. Open a Support case at https://support.cch.com/
    • Select the option that best describes your issue and complete all applicable information. Our support team will research your issue or question and contact you with an answer


SALES
If you have not purchased or renewed Refunds Today for Tax Year 2023, you can contact your Account Manager at 800-495-4626 to get setup for the 2023 season.

Refunds Today: Pre-Acknowledgement (Pre-ack) is now available for Tax Year 2023

January 2nd, 2024, marks the beginning of the tax season for those of you offering Pre-acknowledgement (Pre-ack) advances through TPG, Republic Bank, EPS and Refund Advantage

If you haven’t enrolled to offer bank products yet, our partners are still open and accepting enrollment applications for all products.

Once you have enrolled, check out our FAQs below for pre-ack advance products.


How do I apply for Pre-ack inside of the return?
On the main information, select bank products and check the box for the appropriate bank (your active bank). You will then visit the bank application and complete the necessary steps, including selecting advance and the taxpayers preferred disbursement. Once that is completed, you will efile the return.

What is EFC reject 91?
EFC 91 is an EFC reject you will receive when the bank rejects the Pre-ack return. To fix these rejects print the ack report and search for the bank rejection, this will tell you what the reject is and you can fix and resend.


SUPPORT
If you have any questions, please contact customer support via any of these options:
  1. Chat with a live agent SFS TaxWise Chat (cch.com)
  2. Open a Support case at https://support.cch.com/
    • Select the option that best describes your issue and complete all applicable information. Our support team will research your issue or question and contact you with an answer


SALES
If you have not purchased or renewed Refunds Today for Tax Year 2023,  you can contact your Account Manager at 800-495-4626 to get setup for the 2023 Tax season.

Tax Season 2023: I can't remember my password

Tax Season is here.  

If you are are having issues recalling your password, please check out this brief tutorial on how to rest your password quickly. 

Wishing you a successful Tax Season. 


SUPPORT

If you have any questions, please contact customer support via any of these options:

  1. Chat with a live agent SFS TaxWise Chat (cch.com)
  2. Open a Support case at https://support.cch.com/



SALES
If you have not purchased or renewed Refunds Today for Tax Year 2023, you can contact your Account Manager at 800-495-4626 to get setup for the 2023 season.

Friday, January 5, 2024

State News: Arizona Families Tax Rebate Information

Important Information from the Arizona Department of Revenue

Arizona Families Tax rebate was issued pursuant to Senate Bill 1734, as passed by the fifty-sixth legislature, first regular session, and signed into law by the governor.

The Internal Revenue Service has determined that the rebate is subject to federal income tax and, thus, requires it to be reported as part of the federal adjusted gross income on the 2023 federal income tax return. For this reason, the Arizona Department of Revenue (ADOR) is issuing a Form 1099-MISC, Miscellaneous Information, which reports miscellaneous compensation and other payments such as this rebate.

Note that the rebate is not subject to Arizona income tax and should be subtracted from the federal adjusted gross income on the 2023 Arizona individual income tax return.

ADOR will provide taxpayers Form 1099-MISC online through its secure portal. Taxpayers will be able to access the Form 1099-MISC on and after January 31, 2024 by visiting AZTaxes.gov

For more information on the Arizona Families Tax Rebate taxability and frequently asked questions, visit Arizona Families Tax Rebate.


Thursday, January 4, 2024

Online Check Printing is now available

 Online Check Printing (OCP) makes your check authorization files available immediately. You do not need to wait for the Electronic Filing Center (EFC) to process and download acknowledgements in the software prior to printing checks. 

  • Online check print data is automatically transmitted to the bank provider as soon as the print session is complete.
  •  Faster processing of check print data decreases the wait time for taxpayers to have their check cashed. 
  • OCP allows you to print checks anywhere with internet access. 
  • Check authorization files are stored securely and require login information with an additional multi-factor authentication.

Please refer to this video for instructions regarding OCP use.