Tax Resource Center
Maximize your deductions.
Maximize your deductions.
Be organized for tax preparation
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1040 Tax Organizer w/ Rental Property
Be organized for tax preparation
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1040 Tax Organizer w/ Sole Proprietor
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1040 Tax Organizer w/ Sole Proprietor and Rental
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Business Entity Comparison Chart
Compare most populary entity types
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Sole Proprietorship vs Single-Member LLC vs Multi-Member LLC vs General Partnership
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Organize business expenses
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Online business resources, Start-up Costs and capitalization, Business plans, Budgets
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Business Owners: Taking money out of a business
When taking money out of a business, transactions must be carefully structured to avoid
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To take business deduction for home office expenses you must
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Buy-sell agreements are usually part of a succession plan...
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Prepare for filing a tax return. Get Organized.
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What to do.
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Cancellation of Debt & Insolvency
If some or all of your debt is cancelled, the amount of cancelled debt is...
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What are capital assets? What is a holding period? Long term vs short term
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Charitable Contributions Fair Market Value
Learn what items you donate might be worth.
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Charitable Contributions Guide
Qualified charitable organizations...
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Charitable Contributions: Recordkeeping Requirements
Recordkeeping requirements for charitable contributions are based on the amounts contributed.
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Ministers are individuals duly ordained, commissioned, or licensed, by a church
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Corporation Meeting Requirements
State corporation law and the corporation's own bylaws set the rules
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Learn how crowdfunding activities are taxed.
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Learn how income and expenses for running a daycare business affect your tax return.
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When a taxpayer dies, there are certain returns that still need to be filed
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The support test is one of the factors used to determine whether you may claim
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Taxation of Bitcoin and Cryptocurrency
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Filing status. Your filing status is based on your marital status as of December 31
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Tax credits and deductions related to education expenses.
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Employee or Independent Contractor
In order for a business owner to know how to treat payment made to workers for services
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Employer Health Insurance Requirements
Large employers are required to provide health insurance if...
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One of the advantages of operating your own business is hiring family members
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Tax credits for energy efficient property and electric vehicles.
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Estate Planning / Wills and probate.
Learn important legacy planning documents.
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Learn how estate and gift tax work.
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The federal income tax is a pay-as-you-go tax. You must pay...
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Expense Reimbursements for Employees
An employer may reimburse you for travel and meal expenses...
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Extending Your Individual Income Tax Return
April 15th is the annual deadline for most people to file their federal income
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Credits and deductions for families with children.
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Organize your farm expenses
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Organize your farm income
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Farm inventory and accounting methods explained.
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Learn how farm vehicles and fuels affect your return.
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You can file single, married filing jointly, married filing separately, head of houshold
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FinCen Beneficial Ownership Reporting
The corporate transparency act is intended to provide counter terrism support
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Form 1099-MISC & Form 1099-NEC
Use Form 1099-NEC to report nonemployee compensation payments
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The term "fringe benefit" refers to any benefit provided to an employee that is in addition to money
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Gif tax explanations and tax planning
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Health Savings Accounts (HSAs)
Learn about HSAs.
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IRA Qualified Charitable Distribution
In general, distributions from a traditional IRA are taxable
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Learn about the possibilites for beneficiaries of IRAs.
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Certain transactions are not allow in IRA accounts.
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RMD rules
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What exactly is a Roth conversion?
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what to do when you receive a notice.
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Identity theft can affect your taxes...
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Identity Theft and Consumer Debt
Identity theft & Debt management
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Get your tax documents organized.
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Itemized Deductions for Homeowners
Deduct mortgage interest, taxes, and...
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Itemized Deductions vs Standard Deduction
When should you itemize?
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Be organized for tax preparation
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What exactly are LLCs?
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Rules when you exchange one property for another.
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In order to be decutible, business expenses for travel, lodging, and meals must be ordinary and necessary
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Document vehicle mileage
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States that have an individual income tax follow one of four basic patterns
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What happens when business expenses exceed business income?
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Learn what changes when you get hitched.
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Partnership Tax Organizer (Form 1065)
Be organized for tax preparation
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What it means to be a personal representative.
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How the cost sharing provisions work.
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Qualified Business Income Deduction (QBI)
Learn about the 20% deduction.
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What it takes to qualify as a real esate pro.
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Recordkeeping for Tax Purposes
Which records should you keep? Are there special situations?
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Learn how to classify repairs and upgrades to real property.
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Retirement Distributions by SEPP
Learn how Substantially Equal Periodic Payments (SEPP) avoid penalties.
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Learn how retirement income is taxed.
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Learn how ridshare drivers are taxed.
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Get organized!
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What you need to know.
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A principal residence is your main home, which is the home where you ordinarily
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Learn tax efficient was to save for retirement.
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Self Employed: Hobby vs Business
Learn the difference between a hobby and for-profit business.
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Learn how sole proprietors are taxed.
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How Social Security is taxed.
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Full retirement age depends on when you were born
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How vehicles are deducted in a small business
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What you should know when starting a busienss.
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Tax rates, standard deductions, child tax limits, etc
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An IRA is a personal savings plan that gives you tax advantage
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