Preparing for a Tax Audit: Reconstruction of Tax Records
Reconstructing Tax Records: How to Prepare for a Tax Audit Whether you’re a CPA, EA, tax preparer, or tax attorney, you likely work with a variety of clients in all sorts of tax scenarios. Even if you specialize in individual or corporate tax preparation, the chances are good that you’ve encountered a wide variety of […]
2018 State Tax Updates: Iowa CPE Requirements
Yearly State Tax Update: 2018 CPE Requirements in Iowa It doesn’t matter whether you’re a tax preparer, Enrolled Agent (EA), Certified Public Accountant (CPA), tax attorney, or other tax professional. Regardless of which of these categories you fall into, nearly every state in the country has requirements related to obtaining and maintaining your license to […]
The Gig Economy and Taxes
The Gig Economy, Independent Contractors, and Taxes A few decades ago, virtually everyone who was employed was, well, an employee. If you had a job somewhere, it was generally either a full-time or part-time position that involved a permanent spot on your employer’s payroll. Taxes would be deducted from your checks ahead of time, and […]
State Tax Updates: Ohio & Pennsylvania CPE Requirements
Ohio and Pennsylvania CPE Requirements: Yearly State Tax Updates Whether you’re a Certified Public Accountant (CPA), professional tax preparer, tax attorney, or Enrolled Agent (EA), the vast majority of U.S. states require that you complete ongoing continuing education in order to be eligible for licensure as a tax professional in that state. These requirements are […]
State Tax Updates: Illinois CPE Requirements
State Tax Update: CPE Requirements for Illinois In virtually every state nationwide, state boards determine licensure requirements for Certified Public Accountants (CPAs), Enrolled Agents (EAs), tax preparers, and tax attorneys. While the requirements for licensure vary from state to state, the vast majority of them require that tax professionals complete a certain number of Continuing […]
2018 Fall Income Tax Update Live Stream
Tax CPE Live Stream: 2018 Fall Income Tax Update As a CPA, continuing education is an important part of your professional development. No matter which state you live in, you’ll also need a certain number of annual CPE hours in order to successfully renew your license via your state board. Many states require a specific […]
Grain Glitch 2018
The Grain Glitch: 2018 Tax Reform Last December, Congress passed the Tax Cuts and Jobs Act. Shortly thereafter, President Donald Trump signed the bill into law. At over 1,100 pages in length, this sweeping tax reform legislation was the most dramatic change to the tax code in decades. It included changes to a number of […]
Sale of Business Assets: What You Need to Know About Form 4797
How to Navigate IRS Form 4797 and the Sale of Business Assets Whether you’re an enrolled agent, a CPA, or a dedicated tax preparer, there’s one thing that holds true come tax time: preparing a client’s tax returns is rarely simple. Depending on the client, there may or may not be a big stack of […]
2018 Decedent and Estate Tax Updates
Decedents and the Estate Tax: Updates Following 2018 Tax Reform Working as an accountant, tax preparer, enrolled agent, or tax attorney can be both rewarding and challenging. And sometimes, the challenges that the work presents might surprise you. When you think of a difficult task in the accounting world, you probably picture a big stack […]
What is Hobby Loss?
Hobby Loss CPE Webinars: Understanding IRC 183 We all have hobbies. They’re an important part of maintaining a health work-life balance, after all. Some people play chess, others go mountain biking, and some people play music as part of a weekly Saturday night open mic. There are literally millions of hobbies out there, and most of […]