Becoming a Tax Preparer in California: Requirements and Steps
As the tax season approaches, the importance of knowledgeable and skilled tax preparers cannot be overstated. The state of California, which boasts the fifth-largest economy in the world, has a unique tax code that can be intimidating for even the most experienced tax...
Filing an Extension for Massachusetts Taxes: Everything You Need to Know
As tax season rolls around, many Massachusetts residents may find themselves in need of additional time to prepare their returns. Whether due to complex financial situations or simply a busy schedule, filing for an extension can provide much-needed breathing room. ...
Getting a Copy of Your W2: What to Do If You’ve Lost It
The W2 form is a crucial piece of paperwork necessary for accurately filing taxes. It contains important information about an individual's yearly wages and taxes withheld by their employer. Unfortunately, losing this document can cause a lot of problems during tax...
Tax Preparation Software for Professionals: Streamline Your Tax Season
As the end of the year approaches, tax season looms large for professionals across a range of industries. It is a time when businesses and individuals must take stock of their finances, gather documents, and navigate the complex, ever-changing tax code. It is a time...
Verifying Identity with the IRS: How to Do It Without a Credit Card
Identity verification is a crucial step that every taxpayer must go through to comply with the Internal Revenue Service (IRS) regulations. The IRS requires individuals to verify their identity before they can access certain tax services, such as filing taxes...
Checking Child Tax Credit Payments: A Guide to Understanding Your Benefits
The Child Tax Credit (CTC) is a lifeline for many families struggling to make ends meet. It provides financial assistance to help defray the costs associated with raising children, including food, housing, and other basic needs. The CTC has undergone significant...
Contacting the IRS: How to Reach a Person for Assistance
Dealing with taxes can be a hassle, and trying to navigate the Internal Revenue Service (IRS) system is often confusing. Whether you have questions about your tax return or need help resolving an issue with the IRS, contacting a person for assistance can make all the...
Finding Your Business Activity Code: A Quick and Easy Guide
A principal business code is an indispensable part of conducting business in the United States. This six-digit number is a means of categorizing a company's main product or service, and it plays an important role in filing federal taxes with the Internal Revenue...
Using Last Year’s Earned Income Credit: Maximize Your Tax Refund
When filing a state tax return, it is important to be aware of the Earned Income Tax Credit (EITC) as this credit may reduce your overall tax liability. The Earned Income Credit (EIC), also known as Earned Income Tax Credit (EITC), is a valuable tax credit for...
Determining the Right Number of Tax Exemptions to Claim
The number of tax exemptions you claim on your W-4 form significantly affects the amount of federal income tax withheld from your paycheck. If you claim fewer exemptions, more taxes will be withheld, and vice versa. However, claiming too many or too few exemptions can...
Recent Posts
Explaining Refund Advance Loans to Your Tax Clients
Tax season can be incredibly stressful for you to meet tax preparation demands, and taxpayers are either focused on what they owe or wondering about their refund. Businesses and individual taxpayers often have plans for their refund money weeks before they even file...
Debunking 7 Tax Myths For Your Clients
Let's be honest. The average taxpayer will never read the tax code. They will likely rely on a professional tax preparer like you, using good tax preparation software, to guide them. Otherwise, they're getting tax advice from family, friends, or worse, a social...
Essentials To Start Your Own Tax Preparer Business
Are you looking for a new side hustle or business venture? Regardless of your goals for increasing your income, starting a tax preparer business can be both lucrative and satisfying. Why Choose A Tax Business? There are several reasons a tax business might be the best...
How Do you Stay Up-to-Date on the Latest Tax Laws and Regulations?
When it comes to taxes, it can feel like you’re in a losing battle against minutiae. Each year, everyone from congressional legislators to IRS administrators seem to have something about the tax code they either want to update, add, or get rid of altogether. A tax...
5 Key Features You Want For Your Tax Business Software
Selecting tax preparation software for your business is critical in ensuring profitability and success. Quality software will help you deliver accurate returns on time, offer great support, and be easy to navigate. Anything less could cost you business. Here is a list...