#tax-compliance
Stay compliant with tax regulations and filing requirements
A practical breakdown of Delaware's business tax obligations—franchise tax, corporate income tax, gross receipts tax, and LLC annual fees—with calculation methods, filing deadlines, and entity-by-entity comparisons for founders and business owners.
Form 1096 is the IRS cover sheet required when paper-filing 1099s and other information returns. Learn who must file it, the exact due dates by form type, how to fill it out correctly, and the penalties for common mistakes.
Form 8941 lets small businesses claim up to 50% of employee health insurance premiums as a direct tax credit — but only if you have fewer than 25 FTE employees, pay average wages below ~$65,000, and purchase coverage through the SHOP Marketplace. Here's how to calculate and claim it before your two-year eligibility window closes.
Form 940 is the IRS return employers use to report annual FUTA tax liability—6% on the first $7,000 of each employee's wages, reducible to 0.6% with timely state unemployment tax payments. Covers who must file, quarterly deposit thresholds, how to claim the state tax credit, Schedule A for multi-state employers, and penalties for late filing.
Form 941 is the quarterly payroll tax return every employer must file—reporting withheld income tax, Social Security, and Medicare. Covers who files, 2026 deadlines, how to complete each section, penalty rates (up to 15% for late deposits), and the $100,000 next-day deposit rule.
The IRS has 3 years to audit most returns, 6 years if you omit 25%+ of gross income, and unlimited time for fraud or unfiled returns — here's what each window means for your record-keeping strategy and audit risk.
The IRS follows a structured escalation from notices to liens, levies, and asset seizure when taxes go unpaid. Learn how each tool works, your rights as a taxpayer, and the relief options—installment agreements, Offer in Compromise, and Currently Not Collectible status.
The IRS has no grace period for unfiled returns—failure-to-file penalties run 5% per month up to 25%, the statute of limitations never starts on an unfiled return, and refunds expire after three years. Here's what the enforcement timeline looks like and how to get back into compliance.
Check your IRS balance using 5 methods—online account, phone, notices, transcript, or in-person—then choose the right path: pay in full, set up a payment plan, or apply for penalty abatement. Covers 2026 penalty rates and collection timelines.
The IRS receives about 3 million Form 1040-X filings annually. Learn when you must file an amended return, how to complete the three-column form correctly, and what to expect during the 8–16 week processing window.
A step-by-step guide to filing a federal tax extension with Form 4868 or 7004 — including how to estimate what you owe, avoid failure-to-pay penalties, and meet the safe harbor threshold to prevent underpayment charges.
A practical step-by-step guide to filing late or unfiled tax returns — covering how to gather prior-year documents, use the correct IRS forms, handle outstanding balances, and request First-Time Abatement.
