Skip links

Tax Industry

Advance Child Tax Credit

   Advance Child Tax Credit Payments https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021 Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will 

business-entity

Business Entity Comparison Chart

Entity Accounting and Recordkeeping Fringe Benefits Liability Sole proprietor, single- member LLC, and husband/ wife business Schedule C (Form 1040), Profit or Loss From Business Schedule F (Form 1040), Profit or Loss From Farming Schedule SE (Form 1040), Self-Employment Tax IRS Pub. 334, Tax Guide