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
What is a Schedule K-1? A Tax Preparer’s Guide
Many small businesses operate as pass-through entities. In these structures, the business… Read more
What is Form 1065? A Preparer’s Guide to Partnership Taxes
As a tax preparer, it is important to know how different business entities report… Read more
What is a Partnership Capital Account?
A partnership capital account is a record of each partner’s equity in a partnership that is… Read more
Schedule D: Tax Preparer’s Guide to Capital Gains and Losses
The information in this article is up to date through tax year 2025 (taxes filed in 2026).
When your… Read more
Foreign Bank Account Reporting Guide for Tax Preparers
As the global economy continues to expand, more U.S. taxpayers, including both individuals… Read more