Tax & Accounting Blog

States Implement New Identity Verification Requirement for E-Filed Tax Returns

States Implement New Identity Verification Requirement for E-Filed Tax Returns

In the ongoing effort to combat widespread identity theft and the fraudulent filing of tax returns, many states will now require taxpayers to provide a new piece of personal identification: their driver’s license number (DLN). Some states may also request related information, such as the issuing state, date of issue and expiration date. As a … Read More

eSignature Reminder Frequency

eSignature Reminder Frequency

With the release of 2015 UltraTax CS®, you can now configure reminder notifications and expiration dates for eSignature forms and letters. You can change how frequently your client receives reminder notifications about electronically signing their bank account verification, consent forms, engagement letters, and Forms 8879, 8878 and 114a. In addition, you can control the … Read More

Five Ways UltraTax CS Users Can Benefit by Adding Fixed Assets CS

Five Ways UltraTax CS Users Can Benefit by Adding Fixed Assets CS

Did you know that UltraTax CS contains an incredibly powerful asset module that auto-completes a lot of data entry for you—particularly when it comes to automatically completing state data entry based on federal? The easy-to-use module contains an incredible amount of built-in guidance in the form of the Method Life Wizard, which automatically determines … Read More

IRS Identity Authentication Initiative – State Requirements

IRS Identity Authentication Initiative – State Requirements

On June 11, 2015, the IRS issued an announcement regarding the collaborative effort to combat identity theft and tax refund fraud. Thomson Reuters supports and is participating in this initiative. For the 2015 tax season, the IRS will not reject a return if this information is not included. Refer to state-specific User Bulletins or the … Read More