Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
The IRS generally has ten years from assessment — not filing — to collect. Offers, payment-plan requests, CDP hearings and bankruptcy all pause that clock; here is how to reconstruct your real CSED from transcripts.
Notice CP59 means the IRS has no record of your prior-year return. File the missing return, show you already filed, or explain on Form 15103 why none is due — and file your own return before the IRS prepares a substitute one without your deductions.
Hunting outfitters must treat 50% client deposits as deferred revenue, accrue the ~3% federal land-use fee on permitted ground, cost every hunt per hunter-day, and carry participant liability coverage — here is the full system.
The high-low method splits a mixed cost using two periods — cost difference ÷ activity difference is the variable rate, and the remainder is fixed.
Every U.S. group health plan owes a gag clause attestation in HIOS by December 31. Carriers file for insured plans; self-funded sponsors file themselves.
Section 170(e)(3) lets any business deduct donated food at cost plus half the markup, capped at twice cost — with a 15% net-income limit, a five-year carryover, and a Good Samaritan liability shield.
US SaaS vendors face enterprise escrow demands. Self-service plans start near $139/month and traditional agents around $2,200 — negotiate release triggers and book setup, annual, and verification fees.
Employer cell phones are tax-free with no call logs under IRS Notice 2011-72 if provided for business reasons; internet needs an accountable plan and receipts.
Tangible service or safety awards are tax-free under IRS rules up to $400, or $1,600 under a written plan; cash and gift cards count as taxable wages.
A draw against commission is an advance settled against later commissions. Once paid it is wages under the FLSA, so never claw it back from a final paycheck.
A US DOL wage-hour investigation has four stages: opening conference, records review, interviews, final conference. Weak payroll records double the cost.
Colombia's one-time 2026 wealth tax hits companies with March 1 net equity of COP 10.47B+: 0.5% generally, 1.6% for finance and extractives.
