How to Calculate QBI Deduction (QBID)
The Tax Cuts and Jobs Act of 2017 created a new deduction for certain pass-through business income, known as the Qualified… Read more
Understanding Accounting for Tax Returns
All businesses required to file a tax return must maintain records. However, the records they keep for tax accounting purposes… Read more
What is Form 2848?
Does your client need help dealing with an audit, tax debt, or other situation with the IRS? Filing Form 2848, is often the… Read more
Tax Changes for 2023-2024: What Tax Pros Need to Know
On January 30th, 2024, the House of Representatives passed the Tax Relief for American Families and Workers Act… Read more
The 3 Most Common EITC Errors
The information in this article is up to date for tax year 2023 (taxes filed in 2024).
Did you know that about 25% of Earned… Read more
What to Expect in a State vs. Federal Tax Audit
If your tax client is being audited by the IRS, their state’s Department of Revenue, or both, they’ll likely have questions… Read more