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Professional Tax Software News & Advice

What Does MeF Mean To You?

Modernized e-File (MeF) is the new e-File processing system released by the IRS to replace their much older Legacy processing system. The biggest benefit for you, the tax preparer, is the real time processing of transmissions and acknowledgements. The IRS’s response time decreased from a 4-6 hour timeframe as in previous years to as little as every 30 minutes during the 2012 filing year. [More]

Modernized E-file

As technology changes, the IRS is trying to keep up by developing a newer form of electronic filing for taxes. In the long run, this should be an easier format, but for now, you need to be aware of some important changes that have been made for tax requirements.. First off, this is not a brand ... [More]