Starting a business is an exciting milestone, but before opening the doors or launching a website, entrepreneurs need to understand the tax responsibilities that come with business ownership.

Discover My AI Assistant—a built-in feature designed to automate data entry, streamline workflows, and help tax professionals prepare returns faster without sacrificing control or accuracy.

Hobby, business, or both? While both hobbies and businesses can generate income, the tax treatment is very different. Understanding the distinction can help taxpayers stay compliant, avoid surprises, and maximize available tax benefits.

The MyTAXPrepOffice team is hitting the road this summer! Join us at Latino Tax Fest and IRS Tax Forums across the country to get a first look at what's new for Tax Year 2026, discover ways to increase revenue, and connect with our product specialists. We look forward to seeing you in person!