MFS Pro Tax Software

07/02/2025

ID.me Wallet simplifies how individuals discover and access benefits and services through a single login and verified identity.

06/29/2025

Beginning in July, the Tax Professional PTIN System will require all tax preparers with a Social Security number (SSN) to sign in with ID.me, a technology provider that conducts identity verification and credential management for access to IRS online services.

In the near future, the existing sign-in method of using a Username and Password will no longer be supported for tax preparers with a SSN. You will not be able to access the Tax Professional PTIN System without an ID.me account. Tax preparers who do not have a SSN will continue using their current sign-in process.



Existing ID.me users

If you have an ID.me account from a state government or another federal agency, you can sign in without re-verifying your identity. If you’re a new user, you will have to create a new ID.me account.

Your ID.me credentials enable access to various IRS online services including the Tax Professional PTIN System, Tax Pro Account, Business Tax Account, Individual Online Account, and more.



New ID.me users

Users who don’t currently have an account will be required to create one with ID.me to access the Tax Professional PTIN System.

To create a new ID.me account for access to the Tax Professional PTIN System, users will need a government-issued photo ID, an email address, and a camera enabled computer or mobile device. ID.me offers multiple registration options and 24/7 customer assistance.



More information

Additional information can be found by visiting the following resources:

www.irs.gov/ptin for more information about the PTIN program
www.irs.gov/registerhelp for more information about ID.me

ID.me Wallet simplifies how individuals discover and access benefits and services through a single login and verified identity.

10/22/2024

IR-2024-273, Oct. 22, 2024 — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.

10/18/2024

Here are the top five IRS audit triggers to watch out for:

1. High Income: Individuals earning $200,000 or more are more likely to be audited than those earning less. The IRS tends to focus on higher-income taxpayers because the potential for collecting more revenue increases.

2. Unreported Income: Failing to report all income, such as freelance work or investment earnings, can raise red flags. The IRS receives copies of 1099s and W-2s, so they expect your reported income to match these records.

3. Large Deductions: Claiming unusually large deductions relative to your income, especially for charitable donations, medical expenses, or business losses, can draw IRS scrutiny.

4. Excessive Business Expenses: If you’re self-employed and claim high business expenses, particularly for travel, meals, or home office deductions, the IRS may investigate to ensure these deductions are legitimate and accurately
reported.

5. Round Numbers and Careless Errors: Using round numbers, like $5,000 or $10,000, instead of precise amounts on your tax return, or making simple mistakes in calculations, can prompt an audit, as these suggest estimates or lack of attention to detail.

Being accurate, honest, and thorough with your tax filings can help avoid these audit triggers.

10/18/2024

Any tax professional who prepares or assists in preparing a federal tax return must have a current PTIN issued by the IRS before preparing returns and must use the PTIN as the identification number on any return submitted to the IRS.
New Application and renewal costs will be $11 per user, plus $8.75 to a third-party contractor, for a total of $19.75.

10/16/2024

10/08/2024

9 Tips to Deepen Financial Relationships

Building trust in your community and with customers can expand your customer base and improve your bottom line. Here are nine ways to engage your community and strengthen financial relationships:

1. Provide quality service with accurate and complete filings.

2. Participate in community events to increase brand visibility.

3. Tailor your marketing to reflect community values.

4. Address negative feedback professionally and promptly.

5. Secure sensitive customer information to maintain trust.

6. Create a welcoming office atmosphere for new clients.

7. Keep your PTIN up-to-date to validate your service.

8. Diversify marketing messages beyond just tax refunds.

9. Partner with local businesses for cross-referrals.

09/25/2024

Low Income Taxpayer Clinics

LITCs are independent from the IRS and the Taxpayer Advocate Service (TAS). LITCs represent individuals whose income is below a certain level and who need to resolve tax problems with the IRS. LITCs can represent taxpayers in audits, appeals, and tax collection disputes before the IRS and in court. In addition, LITCs can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Services are offered for free or a small fee. For more information or to find an LITC near you, see the LITC page at www.taxpayeradvocate.irs.gov/litc or IRS Publication 4134, Low Income Taxpayer Clinic List. You can also request Pub. 4134 by calling 800-TAX-FORM (800-829-3676).

Low Income Taxpayer Clinics (LITC), assist individuals who have a tax dispute with the IRS, provide education & outreach to taxpayers.

09/18/2024

To get an Electronic Filing Identification Number (EFIN), which is required for tax professionals to electronically file tax returns, follow these steps:

1. Create an IRS e-Services Account:
- Visit the [IRS e-Services website](https://www.irs.gov/e-services).
- Register for an IRS e-Services account. You'll need to provide personal information, including your Social Security Number, date of birth, and a valid email address.
- After registering, you'll need to verify your identity, typically by answering questions related to your credit history.

2. Submit an EFIN Application:
- Once your e-Services account is active, log in and access the online application for the EFIN.
- Complete the application by providing information about your business, the principal responsible individuals, and your electronic filing experience.
- Submit your fingerprints for all principal individuals listed on the application. You can schedule a fingerprinting appointment through an IRS-approved vendor.

3. Pass a Suitability Check:
- The IRS will perform a suitability check, which may include a credit check, a criminal background check, a review of your tax compliance history, and checks against any past IRS violations.
- This process can take up to 45 days.

4. Receive Your EFIN:
- Once approved, the IRS will issue your EFIN. You can use this number to electronically file tax returns for your clients.

Tips:
- Ensure your personal and business taxes are up to date before applying, as the IRS checks your tax compliance history.
- Keep your information updated in the IRS e-Services system.

Having an EFIN allows you to file tax returns electronically through the IRS e-file system, which speeds up the process for both you and your clients.

Find e-Services tools for tax professionals, reporting agents, the mortgage industry, payers and others to complete IRS online transactions.

09/13/2024