Blogs

‍Form 5471 and What US Shareholders in Foreign Corporations File

Published On:

July 30, 2026

IRS Form 5471 is how a US person reports ownership in a foreign corporation. Learn who must file Form 5471, the schedules, and the penalties.

FBAR Filing and FinCEN Form 114, Reporting Your Foreign Bank and Financial Accounts

Published On:

July 30, 2026

FBAR filing explained: who must file FinCEN Form 114, the $10,000 foreign bank account threshold, the deadline, and how to file an FBAR.

The Form 1099-K Reporting Threshold for 2025 and 2026, Explained

Published On:

July 30, 2026

The form 1099-K reporting threshold is back to $20,000 and 200 transactions for 2025 after the IRS $600 plan was repealed. Here is what applies now.

How the Augusta Rule Works Under Section 280A of the Internal Revenue Code

Published On:

July 30, 2026

The Augusta Rule (Section 280A) lets business owners rent their home to their company for up to 14 days, tax-free. How it works and the IRS rules.

‍Cost Segregation Studies That Increase Cash Flow for Property Owners

Published On:

July 30, 2026

Cost segregation studies help real estate owners accelerate depreciation and boost cash flow for real tax savings. See how cost seg works.

Hobby Loss Rules and IRS Section 183, When Your Activity Isn't Engaged in for Profit

Published On:

July 30, 2026

Hobby loss rules under Section 183 decide if a taxpayer's activity is engaged in for profit. See the factors the IRS uses to judge profit motive.

Form 2553 and What It Takes to Make an S Corp Election

Published On:

July 30, 2026

IRS Form 2553 lets a small business corporation elect S corp tax status. Learn who can file Form 2553, the deadline, and how to elect.

Form 940 Reports the Federal Unemployment Tax Employers Owe

Published On:

July 30, 2026

Form 940 is the employer's annual FUTA tax return. The rate, who files it, credit reduction rules, and how to file with the IRS.

Form 941: The Employer's Quarterly Federal Tax Return, Explained

Published On:

July 30, 2026

What IRS Form 941, the employer's quarterly federal tax return, reports: withheld income tax, Social Security and Medicare tax, plus how to file it.

Section 280E and Cannabis Taxation After the 2026 Rescheduling

Published On:

July 30, 2026

Section 280E of the Internal Revenue Code blocks marijuana business deductions. See how 2026 rescheduling changes federal tax for cannabis.

Real Estate Professional Status: How to Qualify with the IRS

Published On:

July 30, 2026

What real estate professional status is, how to qualify with the IRS under the 750-hour and material participation tests, and the tax benefits.

The SECURE 2.0 Act and What It Means for Retirement Savings

Published On:

July 30, 2026

How the SECURE 2.0 Act changed retirement savings: new RMD ages, catch-up and Roth rules, auto-enrollment, and key dates.

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Our Blogs

‍Form 5471 and What US Shareholders in Foreign Corporations File

FBAR Filing and FinCEN Form 114, Reporting Your Foreign Bank and Financial Accounts

The Form 1099-K Reporting Threshold for 2025 and 2026, Explained

How the Augusta Rule Works Under Section 280A of the Internal Revenue Code

‍Cost Segregation Studies That Increase Cash Flow for Property Owners

Hobby Loss Rules and IRS Section 183, When Your Activity Isn't Engaged in for Profit

Form 2553 and What It Takes to Make an S Corp Election

Form 940 Reports the Federal Unemployment Tax Employers Owe

Form 941: The Employer's Quarterly Federal Tax Return, Explained

Section 280E and Cannabis Taxation After the 2026 Rescheduling

Real Estate Professional Status: How to Qualify with the IRS

The SECURE 2.0 Act and What It Means for Retirement Savings

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