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How Summer Jobs For Teens Can Affect Your Client’s Tax Returns
How Summer Jobs For Teens Can Affect Your Client’s Tax Returns A Comprehensive Guide As the warm weather rolls in and schools close for summer break, many teenagers are excitedly preparing for summer jobs. Whether lifeguarding at the local pool, working as a camp counselor or serving up ice cream at the...
Everything You Need to Know About the 2023 IRS Annual Federal Tax Refresher (AFTR) Course
Everything You Need to Know About the 2023 IRS Annual Federal Tax Refresher (AFTR) Course As a tax professional, keeping up-to-date with the latest tax laws and regulations is crucial to provide the best service to your clients. One way to do this is by taking the Annual Federal Tax Refresher (AFTR) Course from the...
Dealing with the IRS: Tips for Effective Dispute Resolution
Dealing with the IRS: Tips for Effective Dispute Resolution As a tax preparer, you know that dealing with the IRS can be a daunting experience for your clients. Disputes can arise for various reasons, including mistakes in reporting, misinterpretation of tax law, or simply bad luck. Whatever the reason, it's...
The 7-Step End Of Season Tax Checklist For 2023
Step 1: Review Your Client's Tax Return The first step in preparing your client's taxes is to review their tax return. This is important because you need to make sure that all the information is accurate and complete. Reviewing your client's tax return will help you identify any errors or discrepancies that need to...
Understanding The 1099
As a tax professional, it is crucial to understand the purpose of the 1099 form and how it affects certain individuals and businesses. Independent contractors and freelancers are among the top groups that require attention as this form most impacts them. The term "information returns" pertains to payment records, and...