--- title: | Tax Preparation description: Tax Preparation | Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. --- [![Chandler & Knowles, CPA](https://blog.chandlerknowlescpa.com/hubfs/Chandlerknowlescpa_January2018%20Theme/Images/chandler-knowles-logo-updated.png)](https://www.chandlerknowlescpa.com) - [Home](https://www.chandlerknowlescpa.com/) - [About](https://www.chandlerknowlescpa.com/about/) - [Case Studies](https://www.chandlerknowlescpa.com/case-studies/) - [Testimonials](https://www.chandlerknowlescpa.com/client-testimonials/) - [Services](https://www.chandlerknowlescpa.com/services/) - [Individual Tax Preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/) - [Advanced Tax Planning](https://www.chandlerknowlescpa.com/services/advanced-tax-planning/) - [Financial Planning](https://www.chandlerknowlescpa.com/services/financial-planning/) - [Risk Assessment](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) - 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[Contact](https://www.chandlerknowlescpa.com/contact-us/) # Financial Planning Insights ## [How Do Tax Brackets Work?](https://blog.chandlerknowlescpa.com/how-do-tax-brackets-work-chandler-knowles) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | December 11, 2025 | [0](https://blog.chandlerknowlescpa.com/how-do-tax-brackets-work-chandler-knowles#comments-listing) ## [How Do Tax Brackets Work?](https://blog.chandlerknowlescpa.com/how-do-tax-brackets-work-chandler-knowles) ## [What's the Difference Between Tax Deductions and Tax Credits?](https://blog.chandlerknowlescpa.com/tax-deductions-vs-tax-credits) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | June 28, 2021 | [0](https://blog.chandlerknowlescpa.com/tax-deductions-vs-tax-credits#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/Inline%20Blog%20Images%20-%202021-06-03T115257.954.png)](https://blog.chandlerknowlescpa.com/tax-deductions-vs-tax-credits) [Tax deductions](https://blog.chandlerknowlescpa.com/startup-business-tax-deductions) and tax credits are two items that can lower your taxes in a big way. They sound similar, and to the uninformed may be confused as synonyms. They are not. [Read More](https://blog.chandlerknowlescpa.com/tax-deductions-vs-tax-credits) ## [Writing Off Charitable Contributions After COVID-19](https://blog.chandlerknowlescpa.com/writing-off-charitable-contributions-after-covid-19) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | August 19, 2020 | [0](https://blog.chandlerknowlescpa.com/writing-off-charitable-contributions-after-covid-19#comments-listing) [![charitable contributions](https://blog.chandlerknowlescpa.com/hubfs/Inline%20Blog%20Images%20(6).png)](https://blog.chandlerknowlescpa.com/writing-off-charitable-contributions-after-covid-19) Times have changed, and taxes have too. In a world where wearing a mask is common and, frequently, mandated, we can all see the differences [COVID-19](https://lp.chandlerknowlescpa.com/covid-19-resource-hub) has made. From closing businesses to skyrocketing unemployment numbers to new CDC guidelines for just about everything—Americans are learning to adjust and regroup. The new [CARES Act](https://blog.chandlerknowlescpa.com/cares-act) is providing.. [Read More](https://blog.chandlerknowlescpa.com/writing-off-charitable-contributions-after-covid-19) ## [What Expenses Can I Claim If I'm Self-Employed?](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | May 08, 2020 | [0](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed#comments-listing) [![self employment tax ](https://blog.chandlerknowlescpa.com/hubfs/Copy%20of%20Untitled%20(12).png)](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed) Having a [small business](https://www.chandlerknowlescpa.com/industries/small-business/) means you are often too busy to think about your next tax return. However, it is imperative that you work all year round to be prepared when tax time comes and ensure your [business accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) is updated and accurate. Otherwise, you will find yourself scrambling to figure out all of your expenses and may end up paying more.. [Read More](https://blog.chandlerknowlescpa.com/claim-expenses-self-employed) ## [How Real Estate Rental Income is Taxed](https://blog.chandlerknowlescpa.com/how-real-estate-rental-income-is-taxed) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | March 18, 2020 | [0](https://blog.chandlerknowlescpa.com/how-real-estate-rental-income-is-taxed#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/houses-rent-sign-GI.width-1200.jpg)](https://blog.chandlerknowlescpa.com/how-real-estate-rental-income-is-taxed) Buying real estate for investment reasons can be a lucrative business. However, it is vital to make certain your accounting is in order and taxes are paid accordingly. Understanding the income and expense requirements the IRS dictates will protect you from paying unnecessary taxes or making a costly mistake on your tax return. A [tax return with..](https://www.chandlerknowlescpa.com/services/tax-return-review-services/) [Read More](https://blog.chandlerknowlescpa.com/how-real-estate-rental-income-is-taxed) ## [Small Business Tax Preparation Checklist](https://blog.chandlerknowlescpa.com/small-business-tax-preparation-checklist) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | February 10, 2020 | [0](https://blog.chandlerknowlescpa.com/small-business-tax-preparation-checklist#comments-listing) [![Small Business Tax Preparation](https://blog.chandlerknowlescpa.com/hubfs/smallbusinesstaxprep.jpg)](https://blog.chandlerknowlescpa.com/small-business-tax-preparation-checklist) It's that time of year - tax time! A major component of proper and timely filing of your small business tax return is getting organized. Many small business owners are not ready when tax time rolls around and a **[tax preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/)** checklist can assist with knowing where to start. [Read More](https://blog.chandlerknowlescpa.com/small-business-tax-preparation-checklist) ## [Financial Reporting Best Practices for Small Businesses](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | January 20, 2020 | [0](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses#comments-listing) [![https___blogs-images.forbes.com_alejandrocremades_files_2018_12_business-3605367_1920-1200x741](https://blog.chandlerknowlescpa.com/hubfs/https___blogs-images.forbes.com_alejandrocremades_files_2018_12_business-3605367_1920-1200x741.jpg)](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses) Owning a [small business](https://www.chandlerknowlescpa.com/industries/small-business/) has its rewards but the details can become time-consuming and cumbersome. Understanding all of the rules of financial reporting is a daunting task that can be costly if mistakes are made. However, the good news is that using best practices to record your financial accounting can help you grow and improve your business... [Read More](https://blog.chandlerknowlescpa.com/financial-reporting-best-practices-for-small-businesses) ## [Are Student Loans Tax Deductible?](https://blog.chandlerknowlescpa.com/are-student-loans-tax-deductible) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | January 13, 2020 | [0](https://blog.chandlerknowlescpa.com/are-student-loans-tax-deductible#comments-listing) [![student-loans-and-taxes-640x309](https://blog.chandlerknowlescpa.com/hubfs/student-loans-and-taxes-640x309.jpg)](https://blog.chandlerknowlescpa.com/are-student-loans-tax-deductible) With all of the new tax laws, many people are wondering if the student loan tax deduction has been taken away with the new [Tax Cuts and Jobs Act](https://blog.chandlerknowlescpa.com/trumps-tax-plan-guide). The exclusion was included in the original version of the law changes but, fortunately, was later removed. Student loan interest deductions come directly off of your adjusted gross income, thus lowering.. [Read More](https://blog.chandlerknowlescpa.com/are-student-loans-tax-deductible) ## [5 Ways High-Earning Physicians Maximize Their Tax Refunds](https://blog.chandlerknowlescpa.com/5-ways-high-earning-physicians-maximize-their-tax-refunds) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | December 27, 2019 | [0](https://blog.chandlerknowlescpa.com/5-ways-high-earning-physicians-maximize-their-tax-refunds#comments-listing) [![1140-medical-expenses.imgcache.reve38f9d76de496c4ef87c4f1a3c6ee9eb.web.740.475](https://blog.chandlerknowlescpa.com/hubfs/1140-medical-expenses.imgcache.reve38f9d76de496c4ef87c4f1a3c6ee9eb.web.740.475.jpg)](https://blog.chandlerknowlescpa.com/5-ways-high-earning-physicians-maximize-their-tax-refunds) 2019 is about to come to a close and it's about time to start thinking about [tax preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/). With all of the recent tax changes, it might be an ideal time to think about how to maximize your tax refund. Physicians, in particular, as high-paid earners, will want to be aware of the best ways to lower adjusted gross income, find tax credits, and.. [Read More](https://blog.chandlerknowlescpa.com/5-ways-high-earning-physicians-maximize-their-tax-refunds) ## [Guide to Foreign Income Tax](https://blog.chandlerknowlescpa.com/foreign-income-tax) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | August 08, 2019 | [0](https://blog.chandlerknowlescpa.com/foreign-income-tax#comments-listing) [![tax-season-prep](https://blog.chandlerknowlescpa.com/hubfs/Stock%20Photos/Imported_Blog_Media/tax-season-prep.jpg)](https://blog.chandlerknowlescpa.com/foreign-income-tax) US citizens or resident aliens living abroad are subject to paying federal income taxes. The IRS automatically grants a two-month extension to file [tax returns](https://www.chandlerknowlescpa.com/services/tax-return-review-services/), but any taxes due must be paid by April 15 to avoid penalties and interest. In this guide to foreign income tax we discuss the Foreign Earned Income Exclusion in depth and how you can.. [Read More](https://blog.chandlerknowlescpa.com/foreign-income-tax) [Older Posts »](https://blog.chandlerknowlescpa.com/tag/tax-preparation/page/2) ### Recent Posts ### Subscribe to Our Blog #### About Chandler & Knowles CPAs: Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. Our knowledgable team is committed to providing you with the most detailed information to answer your biggest financial questions and to help make your life less taxing. Learn more about achieving financial success by reading our blog! ### Recent Posts Chandler & Knowles CPAs 7370 Hawk Rd Flower Mound, TX 75022 (817) 369-3681 Hours of Operation: Monday - Friday 8:30 a.m. – 4:00 p.m. Saturday & Sunday: Closed Other times Available by Appointment ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif) ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif)