Blog Posts
Child Tax Credit & Credit for Other Dependents
Concise Takeaway The Child Tax Credit (CTC) is $2,200 per qualifying child in 2025, with up to $1,700 refundable as the Additional Child Tax Credit (ACTC). A $500 nonrefundable credit is available for other dependents (ODC). Credits phase out at $200,000 MAGI...
Who Counts as an Employee?
A business must identify the worker’s classification before deciding how to treat payments....
Limited Liability Companies (LLCs)
A Limited Liability Company is a state‑created business structure. States set formation rules,...
Business Entity Basics and Recordkeeping
A business can operate under several structures, each with different tax and liability rules. The...
DATA PROTECTION & IDENTITY THEFT — A Minimal, Complete Overview
Every tax professional—whether a large firm or a solo preparer—is a target for cybercriminals...
THE IRS E‑FILE PROCESS — A Minimal, Complete Overview
IRS e‑file allows tax preparers to submit returns electronically through authorized Electronic...
BECOMING AN AUTHORIZED IRS E‑FILE PROVIDER — A Minimal, Complete Overview
An Authorized IRS e‑File Provider is any business or organization approved by the IRS to...
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