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Glossary: Corporation

December 8, 2014

A company type that represents a person or group of people who establish a legal entity by filing¬†articles of incorporation with the state’s secretary of state.

Glossary: Limited Liability Partnership (LLP)

December 3, 2014

A company type that is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. For this type of business entity, one partner is not responsible or liable for another partner’s misconduct or negligence.

Glossary: Partnership

December 1, 2014

A company type that represents the relationship between two or more persons/groups who, together, create a business.  Each partner contributes money, property, labor, or skill, and expects to share in the profits and losses of the business.

PTIN Renewal

November 26, 2014

Written by Molly Harris PTIN Basics A Preparers Tax Identification Number (PTIN) is an IRS business tax identification number issued to paid preparers of U.S. federal tax returns, like the Form 2290. Anyone who receives compensation for preparing tax returns is considered a paid preparer and must have a PTIN issued by the IRS. PTINs were created to protect the privacy of the tax preparers. … Read More »

Glossary: Preparers Tax Identification Number (PTIN)

November 24, 2014

An IRS business tax ID issued to paid preparers of Form 2290. Related Tags: How to get a PTIN. Who needs a PTIN