Tax Tips How to Prepare Your Client for an IRS Audit TaxSlayer Editorial Team March 22, 2019 4,513 Closed “Tax audit” is a term that strikes fear into the heart of even the toughest business person, but the truth is there’s plenty… Read more 4,513 1 CommentsClosed
Tax Tips 7 Things Tax Preparers Can Do to Protect Client Info TaxSlayer Editorial Team March 20, 2019 3,353 Closed As a tax professional, you have a duty to your clients, especially as you’re handling sensitive information. Part of that… Read more 3,353 1 CommentsClosed
Tax Tips Understanding Cost Basis TaxSlayer Editorial Team March 14, 2019 2,143 Closed What is cost basis? Essentially, cost basis describes your client’s total investment in a particular asset. Cost… Read more 2,143 1 CommentsClosed
Tax Tips Tax Classification for LLC Members: How to File TaxSlayer Editorial Team March 9, 2019 3,838 Closed LLC Taxes LLC stands for limited liability corporation. There is no limit to the number of members the corporation can have,… Read more 3,838 1 CommentsClosed
Tax Tips Schedule K-1: What is it and Who Needs to Know? TaxSlayer Editorial Team March 6, 2019 5,743 Closed Many small businesses operate as a pass-through entity. With a pass-through entity, the partners or shareholders are… Read more 5,743 1 CommentsClosed
Tax Tips What is a Schedule K1 (Form 1065)? TaxSlayer Editorial Team March 4, 2019 9,150 Closed If you have clients involved in a partnership, multi-member LLC, S corp, you’ll want to make sure you’re familiar with Schedule… Read more 9,150 1 CommentsClosed