Most individuals assume that scholarships, grants, and fellowships for students in higher education are free of income tax consequences. Unfortunately, that is not always correct. Seeking the advice o
Businesses providing health insurance coverage to employees may qualify for a valuable tax credit. Calculation of the credit amount is a complex matter that is best handled by someone with registered
The IRS has launched a new voluntary program for employers to correctly reclassify workers as employees instead of independent contractors. The Voluntary Classification Settlement Program (VCSP) permi
The IRS has announced proposed regulations that will change paid tax preparer training for returns that claim the Earned Income Tax Credit (EITC). If implemented as expected, the procedure becomes eff
Individuals with registered tax return preparer certification are permitted to represent taxpayers regarding IRS questioning of forms the preparer completed. Therefore, individuals receiving IRS audit
IRS Publication 555 addresses the impact of community property matters on federal income tax preparation. One complex situation in the publication is allocation of community income among domestic part
Individuals with investment income normally have plenty of items to identify for separate tax treatment. In addition to deciding the correct tax reporting for each income type, taxpayers must verify t
Tax consequences for educational expenditures normally consider only college costs. But continuing professional education for adults might also have tax implications.
Many individuals complete CPE
Individuals with income from wages and retirement plans can meet their tax obligations by the withholding amounts on these payments. But enrolled agent study covers other taxable situations that trigg
Business owners who travel may simplify the tax deduction of meals and incidental expenses without keeping receipts. The advice of a Registered Tax Return Preparer is usually needed to assure that the
