#tax-compliance
Stay compliant with tax regulations and filing requirements
C corporations deduct 50%, 65%, or 100% of dividends received — once the stock clears the 45-day holding period. IRS tiers, limits, and traps explained.
Miss one of three tests and your trust files Form 1041 as complex — taxed at 37% past $16,000 instead of at your beneficiary rate.
Reimbursements stay tax-free under IRS rules only with 60-day substantiation and 120-day return of excess advances — miss either and they become W-2 wages.
Ministers are employees for income tax but self-employed for Social Security: housing allowances escape income tax yet still owe SECA tax.
About 4 in 5 IRS audits are letters you answer by mail; office and field exams meet in person — and Section 7521 lets you record the interview.
Form 5330 reports excise taxes on retirement-plan failures: 15% on prohibited transactions, 10% on nondeductible contributions, until you correct them.
One road game in California can trigger a filing: duty days decide each state's slice of your pay, resident credits cap double tax, and travel logs win audits.
Section 1092 defers a straddle loss up to the unrealized gain on the offsetting leg — close the loser alone and the deduction waits.
A 501(c)(6) business league earns IRS exemption by lifting a whole industry — unlimited lobbying included — but lobbying-linked dues are not deductible.
Rental arbitrage keeps the spread but owes rent monthly; co-hosting earns 10-25% with no lease. Compare economics, contracts, permits, and IRS-proof books.
IRS audit rates run 0.1% for middle incomes but hit 4% above $10M — and Schedule C filers face triple the scrutiny of W-2 earners.
A shadow payroll reports host-country work to foreign tax authorities while home pay continues — U.S. employers remit abroad, then credit it at home.
