What is an EFIN Sharing Program?

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If your thinking of transitioning your career to tax prep, you want to know the terms “EFIN sharing program” or “EFIN assistance program.”

As a tax preparer looking to break away from being paid hourly so you can build your own business, you may find yourself waiting for your Electronic Filing Identification Number (EFIN) or facing eligibility challenges. (We’re all young once, right?)

Enter Taxx Savage, your ally in the tax game, offering a no EFIN tax software to empower tax professionals. Let’s discover why this is a game-changer for tax preparers.

Understanding the EFIN

Before we dive into EFIN sharing, let’s develop a good understanding of what exactly an Electronic Filing Identification Number (EFIN) actually is. This unique identifier is issued by the IRS to professional level tax preparers, enabling them to e-file tax returns on behalf of their clients directly to the IRS instead of through a third party. It’s essentially the key to the electronic filing kingdom, streamlining the tax preparation process.

EFIN Sharing Unveiled

Taxx Savage introduces an innovative solution for tax preparers facing EFIN-related challenges – EFIN sharing. But what exactly does this mean?

Essentially, our EFIN assistance program is a cooperative effort where tax preparers with a Preparer Tax Identification Number (PTIN) can access and utilize the EFIN of another tax professional. This collaboration opens doors for smoother tax preparation processes and allows you, the PTIN holder, to function as an independent business instead of forcing you to work for another company for what is usually a low hourly rate of pay. 

EFIN Sharing Program

Unlike other companies, there is no profit sharing involved in our EFIN assistance program. Taxx Savage charges a simple flat rate per return and the bank may charge fees depending on if you use their products or not. If you use bank products, as most do, then it’s deducted from your client’s return. If you don’t use bank products, then add the fee into your calculations when you take your client’s up front payment. It’s just that simple. 

Acceleration of Services

For tax preparers awaiting their EFIN, time is of the essence. Getting no EFIN tax software is essential for kickstarting their services promptly, ensuring they stay ahead during the busy tax season.. Taxx Savage allows you to start the season as a PTIN and move to being an independent EFIN holder once the EFIN is received. Or you can choose to stay as a PTIN for the rest of the season, or even purchase the valuable review service to give you peace of mind for protecting your new EFIN.

Navigating Eligibility Challenges

Some tax preparers may face eligibility hurdles in obtaining their own EFIN. This could be due to various reasons, such as not meeting certain IRS criteria, getting divorced, identity theft, or having a criminal record. EFIN sharing provides a workaround, enabling them to continue to start a tax prep business seamlessly.

EFIN Eligibility Problems

Let’s explore the specific causes that you may not be able to obtain your own EFIN. Even if they don’t apply to you, they’re a cautionary tale to prevent you from losing your EFIN once you get it!

1. Lack of Compliance with IRS Requirements

The IRS sets specific criteria that tax preparers must meet to be eligible for an EFIN. Failure to comply with these requirements, such as incomplete documentation or not meeting educational standards, can result in the denial of an EFIN application.

2. Prior Compliance Issues

Tax preparers with a history of non-compliance or disciplinary actions may find themselves facing challenges in obtaining an EFIN. The IRS places a strong emphasis on ethical conduct and adherence to tax laws, and any past violations can impact the approval process.

3. Incomplete Application or Documentation

Submitting an incomplete EFIN application or providing insufficient supporting documentation can lead to delays or denials. It’s essential for tax preparers to meticulously fill out their applications and ensure that all required documents are included.

4. Identity Verification Concerns

The IRS places a high priority on identity verification to maintain the integrity of the tax system. Tax preparers who face difficulties in verifying their identity, perhaps due to name changes or discrepancies, may encounter challenges in obtaining an EFIN.

5. Convictions or Felony Charges

Individuals with certain criminal convictions or felony charges may find it challenging to obtain approval for an EFIN. The IRS assesses the background of applicants, and serious legal issues can impact their eligibility to obtain this crucial identifier. Even if you only have a misdemeanor conviction, it can prevent your EFIN application from being approved without the assistance of a lawyer, which as you probably know can be a huge expense.

6. Non-Compliance with e-File Rules

Tax preparers are required to adhere to e-file rules and regulations set by the IRS. Non-compliance with these rules, whether intentional or unintentional, can result in the denial of an EFIN. Staying abreast of e-file requirements is essential to ensure a smooth application process.

7. Suspension or Revocation of a Prior EFIN

Tax preparers who have previously had their EFIN suspended or revoked may encounter challenges in obtaining a new one. It’s crucial to address and rectify any issues that led to the suspension or revocation before reapplying for an EFIN.

EFIN Sharing

Don’t let the absence of an EFIN hinder your journey to get started as a tax preparer and establish your independent business!! The tax industry thrives on collaboration. EFIN sharing fosters a sense of community among tax professionals, where they can support each other in times of need. It’s a win-win scenario for everyone involved.

Taxx Savage’s EFIN sharing program emerges as a lifeline for tax preparers facing delays or eligibility challenges in obtaining their EFIN. By fostering collaboration, accelerating services, and providing a cost-effective solution, EFIN sharing ensures that tax professionals can navigate the complexities of their industry with ease.

As the tax landscape continues to evolve, embracing innovative solutions like EFIN sharing becomes not just a choice but a strategic advantage. With Taxx Savage leading the way, tax preparers can redefine their approach, ensuring that they are always one step ahead in delivering exceptional service to their clients.

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Sondra Baylor – 02/20/2024

I don’t even know where to start! It didn’t take me long to figure out that this is the business that I wanted to business with. Working for other people filing taxes and getting clients, but not seeing any revenue from it was getting old. The fact that I get to SEE ALL THE REVENUE from filing taxes was all I needed to hear. They even sent me a demo to see how the software worked! FOR FREE!!! I worked with Beverly and she was absolutely AMAZING! Taxx Savage wants you to succeed. I absolutely love it. I do recommend this software and working with them to build your own business!

Timothy Conroy – 12/01/2023

"Beverly was very kind and polite and very motivating and gave me a better understanding of what starting a tax preparing business consists of and the necessary requirements that need to be done and the experience that is required"

Mike Hayes – 3/31/2023

"The software is very versatile. The customer support is first rate. Ms Beverly Newton will not stop until your issue is resolved completely. Outstanding support!"

Ty Farrow – 10/25/2023

"This company is a Godsend. I am excited about the future and taking my company to the next level."

Brandy House – 10/23/2023

" I reached out on the chat to get a question answered but I got a phone call Beverly took her time to explain to me what was needed and what direction I could go. She gave me a wealth of knowledge, this company actually cares about the people they take on and help you to the next level. She was sure to inform me that since this was my first year of the steps I should take. I didn’t feel pressured and this conversation was so genuine. I was super excited and impressed that I haven’t stop putting things in motion. I will be forever grateful. "
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