Latest Articles

Our Blogs

Insights, updates, and best practices for U.S. CPA firms navigating tax, audit, and offshore accounting.

Opportunity Zones 2.0 Made the Program Permanent

Published On:
July 30, 2026
Opportunity Zones are now permanent. How the 2.0 rules, eligibility, and tax benefits work, and what changed for investors and economic development.
Read more

Net Investment Income Tax: The 3.8% NIIT, Explained

Published On:
July 30, 2026
What the net investment income tax is, who owes the 3.8% NIIT, the modified adjusted gross income threshold, and how to file Form 8960.
Read more

How Crypto Tax Works in 2026 and What Taxpayers Must Report

Published On:
July 30, 2026
Crypto tax in 2026 means knowing how the IRS taxes cryptocurrency and how to report digital asset transactions on your tax return.
Read more

QSBS and the Qualified Small Business Stock Exclusion

Published On:
July 30, 2026
How the QSBS exclusion lets owners of qualified small business stock skip tax on capital gains, who is eligible, and the new rules.
Read more

GILTI Is How the US Taxes Profits Parked in a Foreign Corporation

Published On:
July 30, 2026
GILTI taxes US shareholders on a controlled foreign corporation's profits. How it works, the rates, and what the 2026 rules change.
Read more

The Foreign Tax Credit and How to Offset Foreign Taxes Paid in 2025

Published On:
July 30, 2026
The foreign tax credit lets you offset US tax with foreign taxes paid. Here is how to claim a foreign tax credit on Form 1116 and avoid double tax.
Read more

Form 1023-EZ for Nonprofits Seeking Tax-Exempt Status

Published On:
July 30, 2026
What Form 1023-EZ is, the eligibility rules, and how nonprofits use the IRS streamlined application for tax-exempt status instead of Form 1023.
Read more

Transfer Pricing Methods: The 5 OECD Approaches, Explained

Published On:
July 30, 2026
A clear guide to the 5 OECD transfer pricing methods, the arm's length principle, and how to pick the best method for cross-border transactions.
Read more

How Nonprofits Build the Statement of Functional Expenses

Published On:
July 30, 2026
The statement of functional expenses shows how nonprofits allocate costs by function for their financial statements and Form 990.
Read more

The Public Support Test Decides If Your 501(c)(3) Stays a Public Charity

Published On:
July 30, 2026
The public support test decides whether a nonprofit stays a public charity or becomes a private foundation. Here is how it works and how to pass it.
Read more

SaaS Sales Tax: Is Your Software Taxable, and Where?

Published On:
July 30, 2026
A practical guide to SaaS sales tax: whether SaaS is taxable, how nexus works, which states tax it, and how to collect, remit, and stay compliant.
Read more

Sales Tax Voluntary Disclosure Agreements (VDAs)

Published On:
July 30, 2026
How a sales tax voluntary disclosure agreement (VDA) lets you come forward voluntarily, limit past tax liabilities, and waive penalties.
Read more

BDO Alliance USA is among the industry’s largest associations of accounting and professional service firms. With more than 800 independent Alliance firm locations, the Alliance represents nearly every state and includes a comprehensive range of services.

BDO alliance USABDO alliance USA
// Services
Tax Preparation & Planning
Accounting & Bookkeeping
Audit and Assurance
Payroll & 1099 Services
Sales Tax
Fractional CFO
// Company
About
Careers
Onboarding Process
Contact Us
// Resources
Data Security
Blogs
FAQs
// Outsource Locations
Glendale
Chennai
Coimbatore
Dharampuri
// Contact Info
+1 (818) 491-6518
info@madrasaccountancy.com
Linked In
// Certificates
SOC 2
Certified
ISO 27001
Certified
GDPR
Applied
Never miss an update

Subscribe to our newsletter for expert financial tips, industry news, and updates straight to your inbox

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Copyright © 2026 Madras Accountancy. All rights reserved.
Privacy PolicyTerms & Conditions