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In this issue:
Summer Renewal Notice
See your summer renewal notice for details, or click here to renew online.
NOTE: If you have already renewed, you will not receive a summer renewal notice. If you renew online, you do not need to return a paper renewal form.
IRS Urges "Paycheck Checkup"
The Tax Cuts and Jobs Act, the tax reform legislation passed in December, made major changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the Child Tax Credit, limiting or discontinuing certain deductions and changing tax rates and brackets.
These far-reaching changes could have a big impact on the tax refund or balance due on the tax return people file next year. The IRS encourages every employee to do a "paycheck checkup" soon to ensure they have the correct amount of tax taken out of their pay.
We recommend using our W4 Calculator to perform paycheck checkups for all of your clients. W4 Calculator is the perfect tool for adjusting withholding mid-year. You can use it to ensure your clients come as close as possible to breaking even at the end of the year, or you can use it to calculate for a desired refund.
W4 Calculator calculates W-4 allowances and generates Forms W-4, W-4P, W-4V, 1040-ES, and 540-ES. It calculates state withholding allowances for Arizona, California, Illinois, New Jersey, New York, North Carolina, Ohio, Oregon, South Carolina, and Virginia, and generates state withholding allowance forms for each of those states. It includes our Paycheck Withholding Calculator, Invoice Generator, and Label Maker, and imports clients and preparers from other CFS programs and major tax preparation programs.
Please check your order as soon as it arrives. Whenever you receive a shipment of tax forms or supplies, we urge you to open it immediately and verify that we sent you the correct items and that there is nothing you forgot to order. Keep in mind that items are sometimes damaged in transit.
Damages, Discrepancies, Returns. Damages or discrepancies must be reported within 14 days of receiving your order. Forms and envelopes may be returned sealed and unused within 30 days, but no later than December 15th. Refunds do not include shipping charges.
Order by August 31st. If you have not yet ordered your red forms, blank form stock, envelopes, or other supplies, now is the time to do so. You will receive a 15% discount on all supplies ordered by August 31st. The best way to order your forms and envelopes or tax return supplies is at our online store.
Form starter kits will be mailed to new users of W2/1099 and customers who renewed the program by May 31st.
CFS Customer Service
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