IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
To pull tax cards for previous years, you have to set the listing date to December 31st of the year you need. For example, use 12/31/2010, then 12/31/2009, and so on. Every prior year closes out on January 1st and rolls over as either a debt or an overpayment, which is why you have to list them this way. The IRS e-file system is efficient because you can generate forms directly from accounting software and upload them straight to the portal. Additionally, a single firm using one digital certificate can manage all their clients through the electronic system... all they need to submit to the IRS is the client's power of attorney and the specific e-file authorization for that individual. ☕