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A CP2000 is an IRS proposal, not a bill or an audit. Reply within 30 days (60 abroad) to agree, partly agree, or disagree. Your 2026 response guide.
Forms, deadlines, and step-by-step help for filing federal and state taxes.
Form 1120 instructions 2026: who files, lines 1a–37 of the 2025 form, the $250,000 test to skip Schedules L, M-1 and M-2, the 21% rate, due dates, OBBBA.
Form 568 instructions for 2026: due March 15 or April 15, extended to October 15, plus Side 1 line by line, Schedule IW, the $800 tax, and the LLC fee.
Form 1120-S instructions for 2026: who files, lines 1a–28, officer compensation on line 7, the $250,000 Schedule B test to skip L and M-1, and the $255 penalty.
What you can write off and which tax credits you actually qualify for.
Solo 401k vs SEP IRA 2026: both cap at $72,000, but on $100,000 of profit a SEP allows $18,587 and a Solo 401(k) $43,087. Limits, deadlines, Roth, loans, math.
Form 4562 instructions for 2026: Section 179 on line 12 (limit $2,560,000), 100% bonus depreciation on line 14, MACRS on lines 17-20, vehicles in Part V.
Schedule 1-A is the new Form 1040 schedule for four OBBBA deductions: tips ($25,000), overtime ($12,500), car loan interest ($10,000), seniors ($6,000).
Strategies to lower next year's tax bill before it arrives.
The Social Security tax limit for 2027 is projected at $190,200, up from $184,500 in 2026. The maximum tax, Schedule SE math, and W-2 plus side income.
2027 HSA contribution limits: $4,500 self-only and $9,000 family, plus $1,000 at 55. The 2026 limits, HDHP rules, and the bronze plans that now qualify.
Projected 2027 tax brackets: 10% up to $12,800 single and $25,600 joint, 37% above $661,375 and $793,650. Standard deduction: $16,600 and $33,200.
LLCs, S corps, EINs, and everything else about setting up your company.
A disregarded entity is separate from its owner for liability but ignored for income tax. What qualifies, Schedule C filing, plus the payroll and 5472 traps.
20 sole proprietorship examples with real 2026 tax math: what a photographer, rideshare driver, and consultant earn, deduct, and owe, plus when to switch.
Every California LLC owes the $800 annual franchise tax, plus a gross-receipts fee of $900 to $11,790 above $250,000 in income. 2026 due dates and Form 568.
Cash flow, income, and keeping clean books all year round.
Reconcile your bank account in 7 steps. Worked example: bank says $8,214.60, books say $7,930.15, and both adjust to the same $7,847.25, to the penny.
COGS = beginning inventory + purchases − ending inventory. 2026 guide for eBay, Etsy, and Amazon sellers with a worked example and Schedule C lines 35–42.
A journal entry records one transaction as equal debits and credits. Learn the 5 parts every entry needs, the debit-credit table, and 10 worked examples.
How AI is changing accounting, plus trends across the industry.
How to sell a CPA practice in California in 2026: who is buying, what listings ask, the CBA's 90-day client notice, §16601 non-competes, and the state tax bill.
Selling a tax practice in 2026: seasonal 1040 books sell for 0.75–1.1x fees, business-return books for 1.0–1.3x, and most deals close September to January.
A hybrid roll-up buys and runs your routine production while you keep the clients. How it is priced vs outsourcing at $40–$120 a return or a full sale.
Solo 401k vs SEP IRA 2026: both cap at $72,000, but on $100,000 of profit a SEP allows $18,587 and a Solo 401(k) $43,087. Limits, deadlines, Roth, loans, math.
Form 1120 instructions 2026: who files, lines 1a–37 of the 2025 form, the $250,000 test to skip Schedules L, M-1 and M-2, the 21% rate, due dates, OBBBA.
The Social Security tax limit for 2027 is projected at $190,200, up from $184,500 in 2026. The maximum tax, Schedule SE math, and W-2 plus side income.
2027 HSA contribution limits: $4,500 self-only and $9,000 family, plus $1,000 at 55. The 2026 limits, HDHP rules, and the bronze plans that now qualify.
Form 568 instructions for 2026: due March 15 or April 15, extended to October 15, plus Side 1 line by line, Schedule IW, the $800 tax, and the LLC fee.
Projected 2027 tax brackets: 10% up to $12,800 single and $25,600 joint, 37% above $661,375 and $793,650. Standard deduction: $16,600 and $33,200.
Form 1120-S instructions for 2026: who files, lines 1a–28, officer compensation on line 7, the $250,000 Schedule B test to skip L and M-1, and the $255 penalty.
Form 1065 instructions for 2026: who files, lines 1a–23, the Schedule B test ($250,000 receipts, $1 million assets) to skip L, M-1, M-2, and the $255 penalty.
Form 4562 instructions for 2026: Section 179 on line 12 (limit $2,560,000), 100% bonus depreciation on line 14, MACRS on lines 17-20, vehicles in Part V.
Form 944 is the annual payroll return for employers owing $1,000 or less; the 2026 return is due February 1, 2027. Who qualifies, how to switch, line by line.
Form 941 line by line for 2026: 12.4% Social Security tax on wages up to $184,500, 2.9% Medicare, monthly vs semiweekly deposits, Schedule B, and 941-X fixes.
Texas franchise tax 2026: $2,650,000 no-tax-due threshold, 0.75% and 0.375% rates, May 15 due date, November 16 extension, and the PIR every LLC still files.
How to sell a CPA practice in California in 2026: who is buying, what listings ask, the CBA's 90-day client notice, §16601 non-competes, and the state tax bill.
Correct a filed tax return with Form 1040-X. Check when to amend, refund deadlines, current line numbers, required attachments, and IRS processing times.
Selling a tax practice in 2026: seasonal 1040 books sell for 0.75–1.1x fees, business-return books for 1.0–1.3x, and most deals close September to January.
A hybrid roll-up buys and runs your routine production while you keep the clients. How it is priced vs outsourcing at $40–$120 a return or a full sale.
How to sell an accounting practice in 2026: firms under $2M sell at 0.7–1.4x gross (median 1.02x), close in 6–12 months, and get 50–80% cash at closing.
Whatnot seller taxes for 2026: the $20,000/200 1099-K rule via Stripe, 15.3% self-employment tax, deductible 8% commission and fees, and the Sept 15 deadline.
Poshmark taxes 2026: the $20,000/200 federal 1099-K threshold, $600 state rules, why closet cleanouts owe $0, and how to report the form if it arrives.
Nine states charge no tax on long-term capital gains in 2026: AK, FL, MO, NV, NH, SD, TN, TX, WY. Washington is not one of them. Every state's rate inside.
The 2026 annual gift tax exclusion is $19,000 per recipient ($38,000 for married couples). Use it by December 31, 2026: unused amounts never carry over.
South Carolina estimated taxes 2026: SC1040ES due dates, the $100 trigger, MyDORWAY payments, and how H. 4216's new 1.99%/5.21% rates shrink your safe harbor.
Minnesota estimated taxes 2026: the $500 trigger, due dates through January 15, the 90%/100%/110% safe harbor, 7% rate, and the January 31 escape hatch.
Who is buying accounting firms in 2026: PE has backed 11 of the top 30 US firms with $50B+ invested, AI roll-ups like Current are spending $500M on deals.
Georgia estimated taxes 2026: due April 15, June 15, Sept 15, Jan 15. Form 500-ES, the 70% safe harbor, 9% penalty, and the new 4.99% flat rate from HB 463.
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