Attorneys:These professionals have earned a law degree and passed a bar exam. They are licensed by states or state bar associations to practice law and are subject to continuing education requirements and a code of ethics. CPAs:Certified public accountantshave passed the Uniform CPA Examination and...
Written by Rocky Mengle, Attorney • Reviewed by a TurboTax CPAUpdated for Tax Year 2024 • October 16, 2024 1:48 AMOVERVIEWThere are two federal education tax credits that can cut your tax bill by thousands of dollars. You’ll save more with the American Opportunity Credit – up ...
required to keep your present salary, status, or job such as continuing education classes and serve an actual business purpose needed to maintain or improve skills needed in your present work But even if your coursework meets one or both of the requirements above, the costs aren’t deducti...
It's wise to take the deduction if you meet its tax law requirements. Most employees can't claim it, however. You must be an independent contractor and self-employed or qualify for one of the few other exceptions. Employees generally can’t deduct unreimbursed home office expenses as a mis...
Note that going to court isn't common for the vast majority of taxpayers. (And some states allow CPAs to represent a taxpayer in pre-court proceedings.) There's also attorney-client privilege, meaning communication between you and your attorney remains confidential. Con: See cost. 4. Annual...
Meet Tax Attorney & CPA Jeffrey Gartzman Education and knowledge are key to proper tax resolution. Jeffrey Gartzman has both. Jeff is a tax attorney and CPA, and he also holds a master’s in tax law. He has over 40 years of experience working with the Georgia Department of Revenue and...
The LLC business structure offers the unique ability to be taxed as an LLC, C Corporation, or S Corporation. This can create significant tax advantages for businesses, provided they meet the eligibility requirements. What Happens to All This Tax Money?
Continuing Education for Enrolled Agents An Enrolled Agent must: •Renew your status as an enrolled agent every three years •Obtaincontinuing education •Renew your PTIN annually dated November 2, 2023 Tax Preparers Requirements November 2, 2023 ...
If you want to go with 56k since your husband was alive part of the year, I’d discuss it with a CPA or tax attorney first. Since the money will clearly come after his death (evidenced by the fact that it comes from his life insurance), you could have an issue with the IRS on ...
In most cases, there’s no need for a tax attorney to applyfor a tax settlement. Instead, you will need to fill out several forms to begin your application process. How you apply depends on what IRS settlement option you select.