Tax Tips

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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A CPA considers keeping her credential as she faces retirement
Tax Tips

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,…
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Tax Tips

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…
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