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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.
Forms, deadlines, and step-by-step help for filing federal and state taxes.
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.
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.
What you can write off and which tax credits you actually qualify for.
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).
Car loan interest is tax deductible again in 2026: up to $10,000 a year on a new, US-assembled vehicle. The catch, and who qualifies.
No Tax on Overtime deducts up to $12,500 ($25,000 MFJ) of 2026 overtime pay, but only the FLSA premium half. Who qualifies, and how to claim it.
Strategies to lower next year's tax bill before 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.
QSBS (2026): stock issued after July 4, 2025 can exclude up to $15M of gain on a new 50/75/100% schedule at 3/4/5 years. Two regimes, $75M asset cap.
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.
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.
CPA firm valuation in 2026: most practices sell for 0.7–1.4x gross revenue, median 1.02x. Multiples by size, SDE vs EBITDA, and the deal-structure math.
In 2026, nearly every AI agent for accounting firms runs in the back office. None stands on the client's side, where the documents actually hide.
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.
CPA firm valuation in 2026: most practices sell for 0.7–1.4x gross revenue, median 1.02x. Multiples by size, SDE vs EBITDA, and the deal-structure math.
Delaware estimated taxes 2026: PIT-EST due Apr 30, Jun 15, Sep 15, Jan 15 once you'll owe $800+. Brackets to 6.6%, safe harbors, and the 1.5%/month penalty.
Ohio estimated taxes 2026: due Apr 15, Jun 15, Sep 15, Jan 15 if you'll owe $500+. First flat-tax year at 2.75%, school district SD 100ES rules, 7% penalty.
Virginia estimated taxes 2026: due May 1, Jun 15, Sep 15, Jan 15. New $1,000 trigger (was $150), Form 760ES, no 110% rule, 9% penalty rate, e-pay mandate.
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.
Form 1096 is only for paper filing, and the 10-return e-file mandate means most businesses may not paper-file at all. Who still needs it, box by box.
US persons give a W-9; foreign individuals give a W-8BEN. The 30% withholding rule, treaty rates, and why work performed abroad is not withheld at all.
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.
Form 2555 excludes up to $132,900 of foreign earned income from US tax in 2026. The 330-day test, housing exclusion, stacking rule, and FEIE vs FTC choice.
The foreign tax credit cuts US tax dollar for dollar. When you can skip Form 1116 (the $300/$600 rule), the limitation formula, and a full 2026 example.
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).
Form 8960 figures the 3.8% Net Investment Income Tax when MAGI tops $200,000 single or $250,000 joint. What counts as NII, line by line, worked examples.
Schedule E line by line for 2026: rental income and expenses (lines 1-26), K-1 income, the $25,000 loss allowance and its MAGI phaseout, and E vs C.
QSBS (2026): stock issued after July 4, 2025 can exclude up to $15M of gain on a new 50/75/100% schedule at 3/4/5 years. Two regimes, $75M asset cap.
A PLLC is a state entity for licensed professionals, taxed exactly like an LLC. What differs, the liability limits, and why California bans PLLCs (2026).
Form 8959 figures the 0.9% Additional Medicare Tax on income over $200,000 ($250,000 joint) in 2026. Who owes it, the withholding trap, worked example.
Car loan interest is tax deductible again in 2026: up to $10,000 a year on a new, US-assembled vehicle. The catch, and who qualifies.
You never file Form 5498; your IRA custodian does, and it arrives by May 31, after the deadline. Box-by-box guide, SEP timing, and 2026 limits.
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