Audit Summary: Opinion, Explanatory Paragraphs, and Findings
Learn how to read an audit summary, from the opinion and explanatory language through internal control findings and the common pitfalls that trip readers up.
PTIN Registration Requirements: Apply, Renew, and Penalties
Learn how PTIN registration works for tax preparers, from applying and annual renewals to penalties for noncompliance and related federal and state requirements.
How Do I Know If My Tax Return Has Been Flagged?
Learn how to know if your tax return has been flagged, from delayed refunds and IRS notices to common audit triggers and the right way to respond.
How to Record a Capital Contribution Journal Entry
Learn how to record a capital contribution journal entry across different business structures, from cash and non-cash inflows to documentation essentials.
Closing a Business With the IRS: Final Returns, EIN, and Penalties
Learn how closing a business with the IRS works, from filing final income and employment returns to shutting down the EIN and avoiding lingering penalties.
Will I Get My Child’s Father’s Tax Refund for Child Support?
Learn how you can get your child's father's tax refund for child support, from eligibility and timing to complications like joint filings or other debts.
What Is the Medicare Surtax on Your Paycheck? 0.9% and Form 8959
Learn how the Medicare surtax on your paycheck works, from employer withholding rules and self-employment situations to reconciling what you actually owe.
When Is the W-2 Form Due for Employers and Employees?
Learn how the W-2 deadline works for employers and employees, from delivering copies and filing with the SSA to extensions, penalties, and missing forms.
Can I Claim My Disabled Spouse as a Dependent?
Learn why you can't claim a disabled spouse as a dependent and how filing status, deductions, and tax credits for caregivers can deliver bigger savings instead.
Does an Inherited IRA Have an Early Withdrawal Penalty?
Learn how the inherited IRA early withdrawal penalty works, from the death exception and spousal rollover choices to reporting rules and Roth accounts.