All posts by Chuck

The 3 Most Misunderstood Parts of Setting up Your Tax Prep Business

If you’re doing it right, a lot goes into setting up your own tax preparation business. (Yes, it can be daunting, but that’s why we take you through it step-by-step beyond just learning HOW to become a tax preparer.)  However, by far, from what we’ve seen at The Income Tax School, the 3 most misunderstood […]

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5 Reasons Tax Preparation is a Great Career After the Military

Transitioning to civilian life after the military can be extremely difficult. As a service member, you’re used to demanding tasks, a rigid schedule, and a process and procedure for everything you do. As a civilian, that’s not the case. In civilian life, you’re on your own, forced to blend in, find a job, and adjust […]

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IRS Penalty Waiver Expanded

The IRS announced they are expanding penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is also lowering to 80 percent the threshold required to qualify for this relief. Under the relief originally announced Jan. 16th, the threshold […]

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Managing Clients and Client Expectations During a Busy Tax Season

Having one procrastinating client is bad enough. More likely, you have at least a dozen really bad procrastinators. But when 80% or more of your clients turn in their shoe boxes of receipts to you on April 1 – or later – you’re going to have problems. Because procrastinating clients can actually cost you money. […]

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