Frequently asked questions

Does 30/30 mean the tax strategy is approved?

No: the score measures preparation for buying and implementing advice. IRS — Understanding tax return preparer credentials and qualifications identifies professional categories, but a particular position still needs facts and an appropriate technical reviewer.

What if I do not know my entity’s tax classification?

Score the relevant question as unknown and ask the incumbent to confirm it. IRS — Entities 3: LLC tax classification explains why knowing “we are an LLC” is not enough.

Can one weak answer really stop implementation?

Yes under this editorial framework when it concerns funding, review, execution or consent. For an asset purchase, IRS — IR-2026-06: Additional first-year depreciation guidance, 14 January 2026 addresses tax treatment but does not establish affordability.

Why ask about security in a buying quiz?

A comparison process can expose sensitive owner and business information. FTC — Safeguards Rule: What your business needs to know provides a basis for checking the firm’s safeguards before uploading detailed records.

Is the score a validated industry benchmark?

No: these points and bands are original editorial choices. Sources such as Department of Labor — Cash balance pension plans questions and answers inform the underlying diligence questions, not the statistical validity of the scoring model.