Rule F8962‑070 is an IRS e‑file rejection code that means the return was rejected because the IRS has records showing the taxpayer had advance premium tax credit (APTC) from a Health Insurance Marketplace, but Form 8962 Premium Tax Credit was not included with the e‑filed return. A taxpayer would receive Form 1095-A if they or […]

You can check the status of a client’s e-filed return through the Professional Reports dashboard within your Practice Manager. Visit the Preparer’s e-Filing Center webpage for more information.

A CP14 notice is issued when IRS records show a tax balance due after processing a return. The notice shows the tax reported on the return, the payments the IRS applied to your account, and the remaining underpayment they have calculated. Check the payments as outlined on the notice the IRS has applied to your […]

If you provide care to an individual who has a physical, mental, or emotional handicap, the difficulty of care payments you receive are generally excluded from income. Review the information below to determine how to report these payments, if necessary, on your tax return. See the IRS Certain Medicaid Waiver Payments May Be Excludable From […]

In accordance with the IRS guidelines set forth by the IRS Safeguards Program and the Security Summit, TaxAct Professional account passwords expire every 90 days. If you recently received an e-mail notifying you that your password will expire within seven days, you may follow the instructions below. To reset your password before it expires: Sign […]

To authorize the IRS to discuss your return with someone else (for example, a relative or paid tax preparer), you must provide that person’s name, phone number, and PIN (any 5-digit number created by the designee). This information will be entered into the Q&A. Tax professionals should complete the Third Party Designee section on Form […]