Confused About 1099-NEC Reporting? Contractors are part of everyday life for small and mid-sized businesses, from construction companies and manufacturers to marketing agencies, medical practices, restaurants, real estate firms, logistics companies, and t... See more
How To Get Penalties Waived? For many S-corp and partnership owners, the first time they learn about per-partner and per-shareholder late-filing penalties is when the IRS sends a bill that looks far larger than the mistake that caused it. What surprises m... See more
What Happens If You Ignore an IRS Notice? When the IRS sends a notice, it’s tempting to set it aside and promise yourself you’ll deal with it eventually. The longer a bill goes unpaid, the faster it grows, often at a rate that shocks people when they fina... See more
How Founders and Investors Fix Offshore Tax Issues Going global is exciting until the tax reporting follows you home. Many founders and high-net-worth individuals build foreign connections without realizing they’ve entered an entirely different compliance... See more
How to Set a Defensible S-Corp Salary In 2025, the rules surrounding S-corp “reasonable compensation” haven’t changed, but the IRS’s attention to this issue certainly has. More audits, better data matching, and a long history of court cases on the governm... See more