Blog
Key Insights into Schedule C
For tax professionals who work with sole proprietors, freelancers, and independent contractors, Schedule C is a familiar—but often misunderstood form. Used to report profit or loss from a business, Schedule C can be deceptively complex. With continued IRS scrutiny on self-employed returns and evolving compliance...
Your 2025 AFTR Survival Guide: Updates, Deadlines, and IRS Expectations
As the 2025 tax season approaches, tax preparers have one major tool to stay sharp: the IRS Annual Federal Tax Refresher (AFTR) Course. Part of the Annual Filing Season Program (AFSP), this course is a must for non-credentialed tax return preparers who want to earn the Record of Completion—and stay ahead of the many...
Why Aren’t Tax Ethics Optional?
Ethics Is The Backbone Of Tax Preparation In the world of tax preparation, ethics is more than a legal requirement—it's the foundation of trust between tax professionals and their clients. The IRS’s Circular 230 outlines clear expectations for practitioners, defining a framework of accountability that ensures the...
The Hidden Risks of International Tax
In today's global economy, managing taxes across borders is no longer just a concern for multinational corporations. Everyday investors, remote workers, digital nomads, and small business owners are now facing international tax obligations they may not even be aware of. The rules are complex. The penalties are steep....
IRS Audits Explained
An IRS audit is an examination of an individual's or organization's financial records to ensure that information is reported accurately according to tax laws and that the reported amount of tax is correct. As tax professionals, it's crucial to understand the audit process, recognize common triggers, and guide clients...