A Comprehensive Guide to Filing Business Income Tax Returns
A business income tax return is a crucial document that sole proprietors, corporations, partnerships, and limited liability companies must file each year. This guide aims to provide tax preparers who primarily file individual tax returns with the knowledge and tools to expand their services to include business tax return preparation.
Safeguarding Tax Professionals: Watch Out for Tax Season Scams
In today’s digital era, tax professionals are prime targets for cybercriminals. With sophisticated schemes lurking around every corner, it’s crucial for tax experts to stay alert and informed about the latest threats in their field.
Read now to learn about three prevalent scams that tax professionals should be wary of.
IRS Reopens Registration Process for Certified Acceptance Agent Program
On January 19, 2024 the IRS officially ended the moratorium on the Certified Acceptance Agent (CAA) program, signaling the reopening of applications for both new participants and renewals. Read more to learn how to apply or renew your application.
Child Tax Credit Expansion: Tax Relief Act for American Families and Workers Act of 2024
The Tax Relief Act for American Families and Workers Act (HR 7024) successfully passed the House on January 31, 2024. It is currently awaiting consideration and potential voting by the Senate in the near future. Learn more:
Reminder: Include Form 8962 (Premium Tax Credit) with Your Federal Return if You Received a Health Insurance Subsidy
A reminder to include Form 8962 with your federal return if you received a health insurance subsidy. Learn more:
Navigating Tax Season with CrossLink’s Continuous Support
Tax season, a period that often brings a mix of challenges and complexities. At CrossLink, we recognize the significance of this time and are committed to being your steadfast companion throughout the entire journey.
Clean Vehicle and Residential Energy Tax Credits 2024 – What To Know
There are a few things to be aware of about clean vehicle and residential energy tax credits for the upcoming 2024 filing season.
Encourage Taxpayers to Obtain an Identity Protection PIN (IP PIN) For Extra Protection
The IRS is reminding tax preparers to recommend their tax clients to sign up to get an IP PIN. Beginning last year, the IRS made this program available to all taxpayers who can verify their identity. By obtaining an IP PIN, a taxpayer can get extra protection when filing their 2023 federal tax return.
2023 IRS National Tax Security Awareness Week
This year’s National Security Awareness Week focused on ways that taxpayers and tax preparers can protect themselves from evolving scams and schemes that are designed to steal personal, financial, and tax information.
2024 Reporting Requirements Under Corporate Transparency Act
Understand the new reporting obligations under the Corporate Transparency Act starting in 2024. Find out which companies are affected and what information needs to be reported to ensure compliance.