Blogs

Single-Entry vs Double-Entry Bookkeeping: A Simple Guide

Published On:

July 30, 2026

Single-entry vs double-entry bookkeeping made simple: how each accounting system works, the key differences, and which one your small business needs.

CPA vs EA vs Tax Attorney: Which Tax Professional Do You Actually Need?

Published On:

July 30, 2026

CPA vs EA (enrolled agent) vs tax attorney: how each tax professional differs, who can represent you to the IRS, and which fits your tax needs.

Data Breach Response for Tax Professionals: How Preparers Report Data Theft to the IRS

Published On:

July 30, 2026

Learn how tax professionals should respond to a data breach, report theft to the IRS and states, notify clients, meet FTC rules, and prevent future attacks.

Form 1116: How the Foreign Tax Credit Keeps You From Being Taxed Twice

Published On:

July 30, 2026

How the foreign tax credit works on Form 1116: who files, the income baskets, the limitation, carryovers, credit vs deduction, and 2026 changes.

GILTI and Form 8992 (Now NCTI): What US Owners of Foreign Companies Owe

Published On:

July 30, 2026

How GILTI works on Form 8992, who files, the Section 250 deduction, foreign tax credits, and the 2026 switch to Net CFC Tested Income (NCTI).

Form 5471: Filing Requirements for US Owners of Foreign Corporations

Published On:

July 30, 2026

A plain guide to Form 5471 for US owners of foreign corporations: the five filer categories, which schedules you attach, penalties, and 2026 changes.

The 83(b) Election, How Startup Founders Pay Tax on Restricted Stock at Grant

Published On:

July 30, 2026

An 83(b) election lets a startup founder pay tax on restricted stock at grant, not vesting. Learn how it works and why you must timely file one.

The Mega Backdoor Roth IRA in 2026: A Guide for High Earners

Published On:

July 30, 2026

How the mega backdoor Roth works in 2026: after-tax 401(k) dollars converted to a Roth IRA, so high earners build tax-free retirement savings.

Form 9465 and What It Takes to Request an Installment Agreement

Published On:

July 30, 2026

Form 9465 is the IRS installment agreement request taxpayers file to request a monthly installment plan when they cannot pay in full.

Understanding Your IRS CP2000 Notice and Proposed Changes to Your Tax Return

Published On:

July 30, 2026

An IRS CP2000 notice proposes changes to your tax return when income doesn't match. How to respond, agree or disagree, and avoid a penalty.

Offer in Compromise, How the IRS Lets You Settle Tax Debt for Less Than You Owe

Published On:

July 30, 2026

An offer in compromise (OIC) lets you settle IRS tax debt for less than the full amount you owe. See who qualifies and how the IRS sets your offer.

The Wash Sale Rule: How to Harvest a Tax Loss Without Tripping It

Published On:

July 30, 2026

How the wash sale rule works: sell a security at a loss, buy a substantially identical one within 30 days, and the IRS disallows the tax loss.

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Our Blogs

Single-Entry vs Double-Entry Bookkeeping: A Simple Guide

CPA vs EA vs Tax Attorney: Which Tax Professional Do You Actually Need?

Data Breach Response for Tax Professionals: How Preparers Report Data Theft to the IRS

Form 1116: How the Foreign Tax Credit Keeps You From Being Taxed Twice

GILTI and Form 8992 (Now NCTI): What US Owners of Foreign Companies Owe

Form 5471: Filing Requirements for US Owners of Foreign Corporations

The 83(b) Election, How Startup Founders Pay Tax on Restricted Stock at Grant

The Mega Backdoor Roth IRA in 2026: A Guide for High Earners

Form 9465 and What It Takes to Request an Installment Agreement

Understanding Your IRS CP2000 Notice and Proposed Changes to Your Tax Return

Offer in Compromise, How the IRS Lets You Settle Tax Debt for Less Than You Owe

The Wash Sale Rule: How to Harvest a Tax Loss Without Tripping It

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