Blogs

Schedule D and Form 8949 for Sales and Other Dispositions of Capital Assets

Published On:

July 30, 2026

Form 8949 reports sales and other dispositions of capital assets. List each transaction, figure capital gains and losses, and total on Schedule D.

Reasonable Compensation and the Salary Every S Corp Owner Must Pay

Published On:

July 30, 2026

The IRS requires an S corporation owner to take a reasonable salary before distributions. Learn to set reasonable compensation and avoid penalties.

IRS Form 1041, the U.S. Income Tax Return for Estates and Trusts

Published On:

July 30, 2026

IRS Form 1041 is the income tax return for estates and trusts. See who must file, what it reports, deadlines, and how the K-1 shifts the tax.

Who Must File Form 709, the United States Gift Tax Return

Published On:

July 30, 2026

Use Form 709 to report gifts above the annual exclusion. Who files the IRS gift tax return, when it's due, and why most people owe no tax.

Form 706: The United States Estate Tax Return, Explained

Published On:

July 30, 2026

What IRS Form 706, the federal estate tax return, covers: who files, the $15 million exemption, the deadline, and the GST tax.

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The form 1099-K reporting threshold is back to $20,000 and 200 transactions for 2025 after the IRS $600 plan was repealed.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

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Our Blogs

Schedule D and Form 8949 for Sales and Other Dispositions of Capital Assets

Reasonable Compensation and the Salary Every S Corp Owner Must Pay

IRS Form 1041, the U.S. Income Tax Return for Estates and Trusts

Who Must File Form 709, the United States Gift Tax Return

Form 706: The United States Estate Tax Return, Explained

‍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

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