News For Your Week Ahead: February 4, 2022

On this week’s MSATP TV, Bob Jennings of TaxSpeaker and MSATP President Barbara J. Smith, CPA discussed our exciting member benefit, Talking With TaxSpeaker.

MSATP Members get access to this tax expert Q&A video service at a discounted rate! Subscribers have access to 15-20 minute video segments in which TaxSpeaker’s experts answer hot topic tax-related questions. Subscribers will also be able to submit any of their questions so they can be answered in the next Talking With TaxSpeaker episode! As an added bonus Bob Jennings gives special episodes for any new tax changes affecting the accounting industry.

This discounted subscription is only available to MSATP members for $162* — that’s 20% off the original price! Click here to register for the service now.

Watch on YouTube.

On next week’s MSATP TV, Rob Smith will be presenting a special Lunch & Learn on how to use OneNote to streamline your workflow. The examples given in this class will show how a small to mid-sized accounting firm would set up its firm notebooks and employee individual notebooks. Join us on Facebook live at 12 p.m. on Thursday, February 10 for this exciting episode!


Hearing All Voices February 10, 2022 

The IRS cordially invites you and your small business owner/self-employed members and clients to join us for our annual 2022 Hearing All Voices Small Business event on February 10, 2022, 11:00 a.m. – 1:00 p.m.

Hear directly from IRS Executives on topics to help small businesses succeed. Join the conversation on how the IRS can better serve small businesses. Tell us about issues and concerns regarding preparing and paying taxes.

For more information, click here.


IRS Revised FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments | IR-2022-22

The IRS updated its frequently asked questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit Payments.

This updated FAQ modifies a question and adds a new question (FS-2022-07) PDF:

  • Question 4, Topic H: Reconciling Your Advance Child Tax Credit Payments on Your 2021 Tax Return
  • Question 10, Topic H: Reconciling Your Advance Child Tax Credit Payments on Your 2021 Tax Return

For more information, click here.


IRS Free File Now Accepting 2021 Tax Returns | COVID Tax Tip 2022-16

IRS Free File, available only through IRS.gov, is now accepting 2021 tax returns.

IRS Free File is available to any person or family with an adjusted gross income of $73,000 or less in 2021. The fastest way to get a refund is by filing an accurate return electronically and selecting direct deposit. This year, there are eight Free File products in English and two in Spanish.

For more information, click here.