WOTC Expired: What Employers Lose and the Hiring Credits Still Available in 2026
WOTC lapsed Dec 31, 2025 — keep filing IRS Form 8850 within 28 days, since past lapses were renewed retroactively and only timely filings qualify.
#tax-compliance
Tax Compliance
Stay compliant with tax regulations and filing requirements
The 20% Accuracy Penalty: What Counts as a Substantial Understatement — and the Reasonable-Cause Defense That Removes It
The IRS adds a 20% penalty when you understate tax by more than $5,000 or 10% — substantial authority, Form 8275 disclosure, or reasonable cause removes it.
From CP501 to CP504: What Each IRS Balance-Due Notice Means and How to Stop the Ladder
IRS CP501, CP503 and CP504 arrive in a fixed sequence — CP504 is the Notice of Intent to Levy, and the final notice gives 30 days to file Form 12153.
Run IRS TIN Matching Before 1099 Season: Catch Name/TIN Mismatches While They're Still Free to Fix
IRS TIN Matching is free and catches name/TIN mismatches before you file 1099s — each bad return can cost up to $340 plus 24% backup withholding.
Kansas Changed Sales Tax Rates Again: A Quarterly Compliance Checklist
Kansas revises local sales tax rates every quarter and holds retailers liable for tax they should have collected — use this 10-step checklist each quarter.
Kentucky Scrapped the 200-Transaction Nexus Test and Taxed Data Brokering
Kentucky HB 757 repealed the 200-transaction nexus test and made data brokering taxable at 6% on August 1, 2026 — re-test nexus before cancelling a permit.
The October 15 Countdown: An Extended Filer's 2026 Guide to Penalties, Safe Harbors, and Last-Chance SEP-IRA Funding
File by October 15 and the IRS failure-to-file penalty — 5% a month, ten times the failure-to-pay rate — stops; it is also the last day to fund a 2025 SEP-IRA.
Pallet Flipping Bookkeeping: Reading Manifests, Costing Mixed Lots, and Keeping Marketplace Fees From Eating Your Margin
Manifest math for pallet flippers: allocate landed cost per item, stack eBay and Amazon fees before you bid, and reconcile gross IRS 1099-K totals to deposits.
Loan or Capital Contribution? How to Document Shareholder Advances So the IRS Respects the Debt
Shareholder advances survive IRS scrutiny on behavior, not labels: a written note at or above the AFR, unsubordinated terms, and payments you actually make.
The Short Tax Year: How to File a Stub Return Without Overpaying
Annualization applies only when you changed accounting periods — IRS Section 443 lets startups and shutdowns figure stub-year tax normally, no scaling up.
Which Scholarships Are Taxable? Tuition, Room and Board, Stipends, and Required Service
Under IRS Topic 421 a scholarship is tax-free only for tuition and required course costs; room, board, travel, and required-service stipends are taxable.
The Cost of Goods Manufactured Schedule: How Small Manufacturers Turn Raw Materials, Direct Labor, and Overhead Into a Real COGS Number
A COGM schedule turns raw materials, direct labor, and overhead into a real COGS — plus the WIP counts and Section 263A UNICAP limits that decide margin.