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IRS Launches Tax Professional Awareness Week

CPA Practice

We continue to urge taxpayers who need help to reach out to a trusted tax professional, including those who work with recognized national organizations.” The IRS reminds taxpayers to make sure they choose a trusted, respected tax professional for help. The IRS has more information available to help taxpayers select a tax professional.

Tax 111
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Top Five Tax Benefits Your Preparer Might Be Forgetting

Nancy McClelland, LLC

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. The deduction is claimed as a reduction of taxable income , and applies only to income taxes, not to self-employment taxes.

Tax 52
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K-2 & K-3 Requirement Issues For Small Businesses

Nancy McClelland, LLC

The domestic partnership or S corporation has no knowledge that the partners or shareholders are requesting such information for tax year 2021. Todd, EA, CPA. After all the requests we’ve made of the IRS to reduce the tax preparation burden on small business owners and their CPAs, I wish I could say this is laughable.