Practical tax guides and news for business owners and individuals. Explore company formation, e-commerce taxes, monthly bookkeeping, recent tax laws, IRS notices, and cross-border reporting.
Review bonus depreciation, Section 179, domestic research costs, QBI, and 1099-K reporting changes before making year-end decisions.
Separate legal formation from tax elections. Plan your EIN, licenses, owner payments, payroll, startup costs, and first returns before opening for business.
Selling on Amazon, Shopify, or Etsy? Reconcile payouts, refunds, fees, and inventory, then review sales tax nexus and Washington B&O obligations.
Close your books with bank reconciliations, owner transaction reviews, payroll checks, inventory records, and a useful year-end CPA handoff.
Review SALT limits, tips and overtime deductions, senior deductions, energy credit deadlines, and business changes. Separate 2025 filing rules from 2026 planning.
Who qualifies for Streamlined Domestic Offshore Procedures? Understand non-willfulness, three tax years, six FBAR years, Form 14654, and the 5% offshore penalty before filing.
Reconcile W-2 and 1099 mismatches, substantiate stock basis, prepare a documented response, and protect your deadlines without filing an unnecessary amendment.
Both FBAR and Form 8938 require you to disclose foreign financial assets, but they have different thresholds, filing locations, and penalties. Learn which forms you need to file and when.
New to the U.S.? Understand residency status, what income is taxable, which forms to file, treaty benefits you may qualify for, and common mistakes to avoid in your first tax year.
An IRS notice in the mail can be alarming — but not all notices are audits. Learn the most common notice types, how to read them, when to respond, and when to hire a CPA.
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