How to Dissolve a Corporation or LLC: Final Returns, Form 966, and Closing Tax Accounts
Dissolving a corporation or LLC takes a state filing, a final return with the box checked, and Form 966 within 30 days — miss one and the bills keep coming.
#recordkeeping
Recordkeeping
Business recordkeeping requirements, document retention periods, and audit-ready documentation practices
PCS Moves Are the Last Moving Deduction Left: How Active-Duty Military Members Claim It on Form 3903
Active-duty troops on PCS orders can still deduct unreimbursed moving costs on IRS Form 3903 — civilians lost the break for good under the OBBBA.
Midterms Are Weeks Away: What Your 501(c)(4) Can and Can't Do in an Election
A 501(c)(4) may electioneer only while politics stays under half its effort, per IRS rules — and political spending triggers 21% tax via Form 1120-POL.
Your $500 Bank Bonus Comes With a Tax Bill: How Sign-Up Bonuses and Interest Show Up on 1099-INT and 1099-MISC
Bank sign-up bonuses are IRS-taxable interest income, usually on 1099-INT, taxed at your marginal rate with nothing withheld. Set aside 22–37% plus state tax.
Belize Gave 806 Small Businesses a Tax Amnesty — Is Yours One of Them, and What Happens When the Year Runs Out?
806 Belize MSMEs won a one-year business-tax holiday; the first certificates expire now. Check your status, dodge the fake Amnesty 2.0, and plan the landing.
Cabo Verde's 4% Simplified Business Tax: How Micro and Small Companies Qualify for REMPE Instead of the 20% Standard Rate
Cabo Verde's REMPE regime taxes micro and small firms at 4% of gross sales instead of 20% IRPC plus 15% VAT — if headcount and turnover stay under the caps.
Christmas Tree Farm Taxes: How the Section 631(a) Election Turns Stumpage Value Into Capital Gain
Section 631(a) lets Christmas tree farms tax January-1 stumpage value as capital gain — lower rates and no self-employment tax.
From First Brand Deal to S-Corp: A Content Creator's Tax Playbook for 2026
Creators owe 15.3% self-employment tax from $400 in net profit, plus quarterly estimates — and an S-corp election saves five figures past ~$60K profit.
Someone Used Your Photo Without Paying. Federal Court Costs a Fortune — This Online Tribunal Hears Claims Up to $30,000
The Copyright Claims Board hears copyright claims up to $30,000 entirely online for $100 in fees — but you need a registration application to file.
Deducting a Cruise or Foreign Conference: The $2,000-a-Year Cruise Ship Cap, the North American Area Rule, and Why Section 274(h) Disallows Most Overseas Conventions
Cruise-ship conventions cap at $2,000 a year and most overseas meetings fail Section 274(h) — what the IRS still allows, and the records that prove it.
The ERISA Fidelity Bond Your 401(k) May Be Missing: The 10% Rule, the $1,000 Floor, and the $500,000 Cap
ERISA requires your 401(k) bonded for 10% of plan funds, $1,000 minimum, $500,000 cap, $1M with employer stock. Most bonds cost under $500 a year.
Farm Income Averaging on Schedule J: How Farmers and Fishers Smooth Tax Across Good and Bad Years
Schedule J lets farmers and fishers spread a bumper year's income across the prior three years' lower brackets — average savings topped $4,400 in one study.