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Tax professional guide
Cryptocurrency remains one of the most technically challenging areas for tax professionals because the reporting issues go well beyond simple buy-and-sell transactions....
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The hobby loss rules matter whenever a taxpayer reports income from an activity that may not rise to the level of a true trade or business. Horse operations, farming, crafting,...
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Reporting : Employers and other payors must file information returns with the IRS (or SSA) and furnish statements to taxpayers showing certain cash tips received and the...
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Form 4797 is one of the most important reporting forms used when a taxpayer sells business property. Whether the transaction involves equipment, vehicles, buildings, leasehold...
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When books and records are incomplete, lost, or poorly organized, preparing for a tax audit often requires reconstruction of income, deductions, basis, and supporting...
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Reasonable compensation is one of the most closely watched tax issues for S corporation owners. When a shareholder performs substantial services for the business, the IRS...
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What Tax Pros Should Know About the Big Beautiful Bill Congress has just enacted the One Big Beautiful Bill Act ("OBBBA") , a sweeping tax-and-spending package signed into law...
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Crowdfunding can create tax and accounting questions that do not fit neatly into traditional funding models. Depending on the structure, amounts raised through crowdfunding may...
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The SECURE 2.0 Act changed a wide range of retirement planning and reporting rules that tax professionals, advisers, and preparers need to understand. Required minimum...
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