What to Expect in a State vs. a Federal 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
What is the Foreign Tax Credit?: A Guide for Tax Preparers
In our expanding global economy, more individuals and businesses find themselves engaged in international transactions,… Read more
Form 2441: The Child and Dependent Care Credit
The Child and Dependent Care Credit is one of the most common tax credits claimed each year, so every tax preparer should… Read more
Tax Year 2023: Breaking Down Energy Tax Credits for Home and Vehicles
The Inflation Reduction Act of 2022 expanded and extended some major energy tax credits, giving taxpayers more opportunities… Read more
Tax Laws for Virtual Currencies (Bitcoin, Dogecoin, etc.)
As cryptocurrencies are becoming more mainstream, you may notice a lot more of your clients asking whether their virtual… Read more
What Tax Pros Should Know about Updates to 1099-K Third Party Payments
The information in this article is up to date through tax year 2024 (taxes filed in 2025).
The American… Read more