Pro Support Messages Archives - TaxSlayer Pro's Blog for Professional Tax Preparers

New Tax Laws for Virtual Currencies

TaxSlayer Editorial Team October 24, 2019

819 Closed

This month, the IRS further clarified its position on the treatment of cryptocurrencies with a new revenue ruling and draft form. These developments, along with the letters sent out to specific taxpayers over the summer, indicate that the IRS is paying more attention to unreported and under-reported virtual currency transactions. Learn about these new…

IRS Virtual Currency Letters

TaxSlayer Editorial Team September 14, 2019

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The IRS sent more than 10,000 taxpayers letters about their cryptocurrency this summer. Taxpayers received letter 6173, 6174, or 6174-A if their name came up during various ongoing compliance efforts. “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest,…

Microsoft Will End Support for Windows 7 in January 2020

TaxSlayer Editorial Team September 6, 2019

1,427 Closed

TaxSlayer Pro Support is committed to helping our customers take preventative measures against security threats targeting their businesses and clients. Beginning in January 2020, Microsoft will no longer support Windows 7 and all versions of Windows 8 Server. Therefore, as Microsoft will not be issuing security updates for these operating systems, TaxSlayer…

Pro Support Messages

Update – IRS Rejects F1040-439 and F1040-440

TaxSlayer Pro Blog Team January 15, 2019

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The IRS has issued guidance on rejects F1040-439, F1040-440, F1040NR-439 and F1040NR-440. Due to rounding, the rejects were applied to some returns containing the Qualified Business Income Deduction. The IRS is implementing a fix to allow for a $1 rounding variance and hopes to have it implemented on 1/20/2019. If they are unable to release the fix by 1/20/2019,…

Pro Support Messages

IRS Reject Code F1040-439

TaxSlayer Pro Blog Team January 14, 2019

902 0

The IRS is issuing reject code F1040-439 in error. If a return rejects with this reject code, please hold the return. TaxSlayer Pro will release a follow up message in the message center when we receive guidance from the IRS on re-transmitting these returns. …

Pro Support Messages

New Tax Laws for Virtual Currencies

IRS Virtual Currency Letters

Microsoft Will End Support for Windows 7 in January 2020

Update – IRS Rejects F1040-439 and F1040-440

IRS Reject Code F1040-439

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