The Ultimate Schedule C Guide for Freelancers & Solopreneurs in 2025
A complete Schedule C guide for freelancers and self-employed individuals — explaining income reporting, deductions, real-life examples, and 2025 tax tips.
How to Split Your IRS Tax Refund Like a Pro — The 2025 Guide to Form 8888 & Smart Refund Allocation
Form 8888 lets you split your IRS refund across multiple accounts or buy U.S. Savings Bonds directly.
This 2025 guide explains how to complete the form, avoid errors, and use your refund strategically for savings and investment.
Form 1040 Explained Line by Line — What Your Tax Return Really Tells You
An easy EA-explained guide to reading your own Form 1040 line by line — understand AGI, taxable income, refunds and credits with clear examples and official IRS references.
Part 2: Can Churches Lose Their 501(c)(3)? — Hidden Mistakes That Risk Tax-Exempt Status
Practical 2025 guide to the IRS rules that can jeopardize a church’s 501(c)(3): inurement, private benefit, lobbying limits, and the absolute political campaign ban — with examples, tips, and links.
Part 6: Partnership Termination & Year-End Wrap-Up — Final Basis, Liquidation & Short-Year
Partnership Termination & Year-End Wrap-Up — Final Basis, Liquidation & Short-Year (2025) When a partnership ends or a partner leaves, the final year’s tax reporting becomes especially complex. You must …
Part 5: Partner Basis Calculation Guide — Understanding Outside Basis, Debt Share & Distributions
Learn how to calculate and track partner outside basis under the 2025 tax rules — including debt allocation, loss limitations, and distribution adjustments. Written for tax professionals and partnership owners.
Part 4: Guaranteed Payments for Partners — 2025 Tax Rules & Practical Filing Guide
Guaranteed payments compensate partners for services or capital, regardless of profits. This 2025 EA Tax Guide explains their tax treatment, reporting, and common mistakes — with step-by-step examples for Form 1065 and K-1.
Part 3: LLC · QJV · Partnership Formation & Election — 2025 Guide for Small Businesses
A 2025 EA Tax Guide explaining how to choose between LLC, Partnership, and QJV structures. Learn when an LLC is taxed as a partnership, how to make a corporate election with Form 8832, and when married couples can file as a Qualified Joint Venture (QJV) — with real EA insights and official IRS references.
Part 2: 2025 Update — Partnership Schedules K-2/K-3 & IRC §1061 (Carried Interest)
Updated for 2025: new rules for Form 1065 Schedules K-2/K-3 and IRC §1061. Find out how to comply, avoid penalties, and track carried interest periods accurately.
Ethical Duties Under Circular 230 (§10.20–10.23) — Information Requests, Client Omissions & Professional Diligence
A concise 2025 guide to the core duties under Circular 230 §§ 10.20–10.23—covering information requests, client omissions, accuracy, and prompt case handling, with new practical examples for U.S. tax professionals.