Blogs

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.

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.

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.

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.

Our Blogs

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

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

// 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

FAQs

// Outsource Locations

Glendale

Chennai

Coimbatore

Dharampuri

// Contact Info

+1 (818) 491-6518

info@madrasaccountancy.com

Linked In

// Certificates

Never miss an update