Tax Preparation
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EIN Letter from IRS: CP575, 147C, and What to Do
A new client hands you a bank’s checklist for opening a business account. Item three: “Provide EIN verification letter.” The client has the number — nine digits, written on a Post-it — but t...Read more
IRS 147C Letter: How to Request EIN Verification
Your bank just put a business loan on hold because you can’t produce written proof of your EIN. You know the number — it’s on every tax return you’ve filed — but the original CP 575 confirma...Read more
Federal Quarterly Estimated Tax Payments: A CPA’s Guide
A client calls in early April, panicked. They freelanced all year, never set aside a dime, and now owe a surprise balance plus a penalty — despite expecting a partial refund. That penalty is...Read more
How to Get a 147C Letter from the IRS
Your client calls on a Friday afternoon. Their bank is holding up a business account opening because they can’t produce EIN documentation. The original CP575 is gone — filed in a drawer that...Read more
2025 Form 1040 Schedule 2: A CPA’s Practical Guide
Your client has self-employment income, got hit with AMT, and received an advance premium tax credit that turned out to be too large. None of those additional taxes fit neatly on the face of...Read more
IRS Tracking Number: What It Is and How to Use It
Your client calls on a Thursday afternoon: the IRS sent a notice, they can’t find their original return, and they want to know if their amended return ever landed. You have two minutes befor...Read more
WISP Template for Accounting Firms: Build Yours Right
Your firm had a laptop stolen last quarter. Or a staff member clicked a phishing link. Or you’re staring down an IRS e-file application renewal and the agent asks whether you have a Written ...Read more
FTC Safeguards Rule: A CPA Firm Compliance Guide
Your client hands you their Social Security number, bank routing details, W-2s, and Schedule K-1s. They’re not thinking about cybersecurity—they’re thinking about their refund. But the FTC S...Read more
How to Use TaxCaddy: A Step-by-Step Guide
Tax season is stressful enough without hunting down W-2s, chasing down 1099s, and emailing sensitive documents back and forth with your accountant. TaxCaddy is a tax client portal built to e...Read more
AI Tax Preparation Software Guide for Accounting Firms
Discover the best AI tools for tax preparers and CPAs. Learn how automation transforms tax prep, planning, and client service. Get your free guide today. ...Read more