Author: Julie Brown

2025 Preview: Confidently Navigating IRS Notices to Protect Your Clients Community Tax celebrates its 15th anniversary of operations in 2025 – and we know that our clients’ overwhelming response to a notice of outstanding tax debt is to do absolutely nothing. It’s only once the notices threaten seizure and levy that taxpayers start to react. And when they do – timing is of the essence. With the IRS stepping up enforcement in the coming year, many of you will be asked between now and April 15 to take quick action to: Prevent wage garnishment; Prevent liens on the family home; Kee...

A Simple Approach & Overview to Virtual Currency Recording and presentation materials from Education Forum hosted in December of 2024. On December 16th, we hosted a 2-hour virtual event, where A.J. Reynolds  presented A Simple Approach & Overview to Virtual Currency. A special thanks to everyone that joined us live! Cryptocurrency is a decentralized digital currency otherwise known as Virtual Currency. The term “Cryptocurrency” generates countless amounts of uncertainty and anxiety among tax professionals. The language single-handedly strikes apprehension among us. This webinar ...

Tax Season Readiness Guide - TY24 Preparing for each tax season can be daunting. Not to mention a lot of work. But it’s okay, *deep breath*, TaxAct Professional has your back.  To help alleviate some of the stress that comes with prepping for the upcoming tax season, we’ve created a new & improved version of our Season Readiness Guide for TY24*. This content is crucial for your tax firm to use in preparation for the upcoming tax season. Plus, it’s a great resource for you to utilize in the depths of tax season. What’s Inside: Key Changes for TY24 TY23 Checklists Important C...

1099K Explosion! Recording and presentation materials from Education Forum hosted in October of 2024. On November 7th, we hosted a 2-hour virtual event, where Amy Wall presented 1099K Explosion! A special thanks to everyone that joined us live! With the reduced filing requirement for the filing of Form 1099-K effective for Tax Year 2024, you should expect to see many more Forms 1099-K than ever before. Taxpayers may receive 1099-Ks not just for their trade or business, but also for hobby income, one-off activities such as the sale of personal items online, and possibly for purely person...

2024 Individual & Business Tax Update! Recording and presentation materials from Education Forum hosted in October of 2024. On October 28th, we hosted a 2-hour virtual event, where A.J. Reynolds presented 2024 Individual & Business Tax Update. A special thanks to everyone that joined us live! Tax changes never rest, nor should tax professionals. In this two-hour webinar you will receive the latest information and guidance that has transpired for Tax Year 2024, all while you were conquering tax season, recovering, and trying to find free time for yourselves. During this free we...

Schedule E for Residential Real Estate Activities Recording and presentation materials from Education Forum hosted in August of 2024. On September 5th, we hosted a 2-hour virtual event, where Amy Walls presented Schedule E for Residential Real Estate Activities including vacation rentals. A special thanks to everyone that joined us live! Because Residential Real Estate Activities are such an important topic in the tax industry right now we knew it was important to record this content and make it readily available to all, in preparation for the upcoming tax season. If you are intereste...

An Essential Overview on S-Corp & Partnership Basis Recording and presentation materials from Education Forum hosted in August of 2024. On August 8th, we hosted a 2-hour virtual event, where A.J. Reynolds presented on basis rules and calculations for clients who are shareholders or partners in pass-through entities and how this basis affects their individual Form 1040 tax return. A special thanks to everyone that joined us live! Because A-Corp & Partnerships are such an important topic in the tax industry right now we knew it was important to record this content and make it read...