Information From the IRS

IRS Reject Code R0000-225

There are certain forms included in a tax return that the IRS does not support for electronic filing.

IRS Form 5695 - Qualified Manufacturer Identification Number (QMID)

The IRS assigns the QMID, also known as a QM PIN or QM Code, to each manufacturer that applies for a code.

IRS Alert Code IND-475

If Form 4547, Trump Account Elections, is included with an individual electronically filed tax return, the IRS will send Alert Code IND-475 acknowledging receipt.

IRS Forms 3520 and 3520-A

A separate Form 3520 must be filed for transactions with each foreign trust.

IRS Form 8300 - Report of Cash Payments Over $10,000 Received in a Trade or Business

Form 8300 is not included in Tax Processors Plus as it is unrelated to a tax return.

IRS Guidance on E-Filing Returns Rejected for a Duplicate Dependent

In 2024, the IRS introduced a new procedure to allow returns to be electronically filed with certain dependent-related reject codes.

Valid ITIN Number Range

Internal Revenue Service Number (IRSN)

If the primary or secondary taxpayer's application for an ITIN is rejected, the IRS assigns the tax return an Internal Revenue Service Number (IRSN) so the return can be forwarded for processing.

Section 179 Deduction: How It Works and Annual Limitations

Internal Revenue Code provides for an immediate expense deduction that business owners can take for purchases of depreciable business equipment instead of capitalizing and depreciating the asset over a period of time.

What is a CAF number?

The Centralized Authorization File (CAF) is an IRS computer database system containing information regarding the authority of individuals appointed under powers of attorney.

Duplicate Return Reject in 2019: Filing an Amended EIP Return

In 2020, Economic Impact Payments were issued to taxpayers deemed eligible based on their prior year tax return information.

Schedule SE - Self-Employment Tax

Taxpayers pay self-employment (SE) tax when earnings from self-employment are $400 or more.

The Written Information Security Plan (WISP)

The Federal Trade Commission's Safeguards Rule requires professional tax preparers to prepare a "written information security plan" (WISP) describing how they protect customer information.

Requesting a Transcript or a Copy of a Tax Return

An individual taxpayer may request a free transcript of their original Form 1040-series tax return at the IRS website here or by using the IRS's automated phone transcript service at 800.908.9946.

Do I Need to Amend a Tax Return that was Filed with the Incorrect Direct Deposit Information?

The IRS issued paper check will be mailed to the taxpayer's address indicated on the return.

How to speak directly to an IRS representative

The IRS's primary taxpayer assistance line is 800.829.1040.

2020 Unemployment Compensation Exclusion

This article contains information current as of March 25, 2021.

2019 Federal Tax Rate Schedules

The following tables list the 2019 federal marginal tax rates along with the 2018 rates for comparison.

Covid-19 Related Tax Credits - Paid Sick Leave and Family Leave Credits

The Families First Coronavirus Relief Act (FFCRA) signed into law on March 18, 2020 requires certain employers to provide their employees with up to 80 hours of paid sick leave and/or 10 weeks of expanded family and medical leave for specified reasons related to COVID-19.

Employee Retention Credit Under the CARES Act

The CARES Act (Coronavirus Aid, Relief and Economic Security) that was signed into law on March 27, 2020 introduced the employee retention credit designed to encourage businesses to keep employees on their payroll.

Desktop Guide to 2020 Simple Returns for Economic Impact Payments (EIP)

In response to the COVID-19 pandemic, most taxpayers will receive financial relief in the form of Economic Impact Payments, or EIP.

General Information for Preparers Who File Returns Electronically

The IRS notifies the Electronic Return Originator (ERO) when the return is accepted, usually within 15 minutes or less but sometimes longer during the filing season.

Limited Liability Company - LLC

A Limited Liability Company (LLC) is a business entity organized in the United States under state law.

Information About the IRC 7216 Consent Form

Regulations under Internal Revenue Code Section 7216, Disclosure or Use of Tax Information by Preparers of Returns , became effective January 1, 2009.

Refund Offsets - Why is My Client's Refund Reduced?

If taxpayer receives a refund that is less than the amount that was submitted with the tax return, the refund may have been offset for a past due obligation.