All articles, newest first — page 2 of 9.
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.
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.
The IRS Fresh Start program is not a 2026 program you enroll in. See what the 2011-2012 changes did and the real IRS debt-relief options that work.
Clients ignore document requests because finding the files is homework. Six fixes that work in 2026, each one's ceiling, and the layer that removes the search.
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.
What client document collection software actually automates in 2026: portals, reminders, and the new client-side agents. Honest vendor map plus a buyer's checklist.
S corp vs C corp for 2026: a solo owner netting $150,000 pays ~$32,400 as an S corp vs ~$42,000 with C corp double tax. When each wins, with full math.
No IRS percentage exists for S corp salary. Use market data: BLS medians ($101,860 consultants, $50,670 bookkeepers), 9 IRS factors. $65k on $120k saves $7,110.
7 AI bookkeeping software picks for freelancers and startups, July 2026 pricing: Xero $25, QuickBooks $38, Jupid $50 with tax filing, Kick free, Bench $199.
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.
Form 9465 sets up an IRS payment plan: $22 online with direct debit vs $178 by mail, $50,000 streamlined limit, 72 months, and the interest that never stops.
Form 5329 reports the 10% early-withdrawal tax, the 6% excess-contribution excise, and the 25% missed-RMD penalty — plus the exception codes that erase them.
The IRS audited 0.3% of individual returns for TY2021 — about 1 in 300. Real 2026 audit odds by income and return type, and why most audits are just letters.
Every foreign-owned single-member US LLC must file Form 5472 with a pro-forma 1120 by April 15, even with zero income. Missing it costs $25,000, automatically.
Yes: you can own a US LLC with no SSN, visa, or US address. Wyoming vs Delaware vs New Mexico fees, EIN by fax, banking, and the $25,000 Form 5472 trap.
COGS = beginning inventory + purchases − ending inventory. 2026 guide for eBay, Etsy, and Amazon sellers with a worked example and Schedule C lines 35–42.
Indiana estimated tax payments 2026: due Apr 15, Jun 15, Sep 15, Jan 15 if you'll owe $1,000+. New 2.95% flat rate, county tax, ES-40, INTIME, 10% penalty.
1099-NEC is for contractor pay, 1099-MISC for rent, prizes, and attorney proceeds. The threshold rises from $600 to $2,000 for 2026 payments filed in 2027.
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.
California estimated taxes follow a 30/40/0/30 schedule in 2026: 30% Apr 15, 40% Jun 15, 0% Sep 15, 30% Jan 15. Thresholds, safe harbors, and penalty math.
TaxDome vs Canopy for accounting firms in 2026: current pricing from both vendors, portals, document collection, tax resolution, AI, and the job neither one does.
16.5 million Americans were self-employed in June 2026 per BLS data. Full 2026 numbers: 31.1M Schedule C returns, 30.4M nonemployer firms, trends by industry.
Facebook Marketplace reports to the IRS only for checkout sales above $20,000 AND 200+ transactions. Local cash sales never generate a 1099-K from Meta.
Texas has no state income tax, but 2026 deadlines remain: May 15 franchise tax ($2.65M threshold), Aug 17 and Nov 16 extensions, sales tax, federal dates.
Form 843 asks the IRS to remove penalties that run 5% a month. First-time abatement checklist, reasonable-cause grounds, sample wording, and the 30-day appeal.
Client portals for accountants compared with the adoption numbers vendors publish: TaxDome, Canopy, Liscio, SmartVault, Content Snare, plus the step no portal automates.
Set aside 25–30% of net 1099 income for 2026 taxes. Exact federal percentages at $30k, $60k, $100k and $150k, state add-ons, and when the rule fails.
Form 2848 gives full IRS representation; Form 8821 only shares your tax info. Filing by fax, mail, or online, the 120-day rule, and CAF numbers explained.
An S corp is a tax election, not a business type. Learn how it works in 2026, the self-employment tax it saves, and the income where it pays off.
CPA, tax preparer, or bookkeeper? Learn what each one does, their IRS rights, and typical 2026 costs, so you hire the right help for your business.
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