Tax Tips


A CPA considers keeping her credential as she faces retirement

Before Retiring Your CPA Status, Consider Tax Preparation


With a successful career behind you and retirement ahead, you may feel ready to let go of your CPA status. But keeping your CPA credential active after retirement offers options that you wouldn’t have otherwise.  Reasons you may want to keep your CPA status More options in retirement Before you officially take on the CPA-Retired or CPA-Inactive designation,…

What is Rental Income?


The following article was written by The Editorial Staff at TheTaxBook and contributed for use on the TaxSlayer Pro blog. When tax season arrives, you may see clients who have many kinds of income, not just the standard W-2. One of these less common income streams is rental income. Learn more about what rental income is and when to report it on your client’s…


A TaxSlayer Pro user calculates the home office deduction using the simplified method

The Home Office Deduction Using the Simplified Method


If your client is self-employed and uses part of their home for business purposes, they may be eligible for a tax write-off on their federal income tax return. This tax break, also referred to as the home office deduction, can be calculated using the standard method or the simplified method. To use the standard method for calculating the home office deduction,…