Strategies to optimize your finances

Form 7203 is used by S corporation shareholders to figure stock and debt basis and the limits on losses, deductions, and credits they can claim.

The corporate alternative minimum tax (CAMT) is a 15% tax on the adjusted financial statement income of billion-dollar corporations. How it works.

IRS Form 3115 is the application for a change in accounting method. Learn when to file, automatic vs non-automatic, and the 481(a) catch-up.

The QBI deduction lets eligible business owners deduct up to 20% of qualified business income. See the 2026 thresholds and whether you qualify.

Form 1128 is how you ask the IRS to adopt, change, or retain a tax year. See who must file, automatic vs ruling requests, and the due date.

How to prepare a cash flow statement using the direct and indirect method, with operating, investing, and financing activities explained.