COVID-19 and Stimulus Tax Preparer Resources

COVID-19 and Stimulus Tax Preparer Resources, Tax Tips

Is My Client’s Unemployment Income Taxable?

Many of your clients may have received unemployment compensation for the first time in 2020 due to COVID-19. They may be wondering if it is taxable or if it will affect their refund. We answer those questions and more in this article.   Is my client’s unemployment compensation taxable?   Yes, your client’s unemployment income will be…
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COVID-19 and Stimulus Tax Preparer Resources

How Will the Consolidated Appropriations Act Affect My Clients’ 2020 Taxes?

The Consolidated Appropriations Act was passed in December 2019. It extended many popular tax provisions that expired at the end of 2017. In the act, Congress also extended many provisions retroactively to the 2018 tax year.   What is a tax extender/tax provision?  The specific tax extenders detailed in this article will be…
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A tax preparer manages his business from home while caring for children
COVID-19 and Stimulus Tax Preparer Resources

How to Manage the Stressful Changes of the Extended Tax Season

For many Americans, the extended tax season was a relief. For tax professionals, it’s been an adjustment trying to manage multiple priorities while maintaining and growing your tax business. Your busy season has been extended for three months, and you’re adjusting to stay-at-home orders, working from home, and homeschooling your kids.  If…
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covid 19 tax updates for professional tax preparers
COVID-19 and Stimulus Tax Preparer Resources, Disaster Relief, IRS News

COVID-19 Updates for Professional Tax Preparers

This article was last updated at 5 p.m. EST on Wednesday, May 27th, 2020. The 2020 IRS Tax Forums will be held virtually beginning in July. The IRS officially announced that Tax Day is now July 15th.  Because of the outbreak of COVID-19, many individuals are staying home, working remotely, and even avoiding social contact. As a professional…
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