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Stay compliant with tax regulations and filing requirements
IRS CP2000 Notice: What It Is and How to Respond
Over 4 million taxpayers receive IRS CP2000 notices each year—a proposed adjustment from the Automated Underreporter unit, not a bill. This guide explains what triggers a CP2000, how to respond within the 30-day deadline, when to dispute, and how to prevent future notices with better record-keeping.
What Happens If You File a 1099 Late? Penalties, Deadlines, and How to Fix It
A practical guide to IRS 1099 late-filing penalties — including the tiered penalty structure ($60–$680 per form), annual caps for small vs. large businesses, reasonable cause relief options, and step-by-step instructions for filing late or correcting errors.
Delaware Franchise Tax: A Complete Guide for Business Owners
Delaware's franchise tax can look like a $50,000 surprise—but using the Assumed Par Value Capital Method instead of the portal's default can cut that bill to under $1,000. This guide explains both calculation methods, due dates, penalties, and how clean books make the difference.
Drop Shipping Sales Tax: The Complete Guide for Online Sellers
Drop shipping creates two simultaneous taxable sales per order — knowing when physical and economic nexus applies, how resale certificates prevent double taxation, and which 10 states reject out-of-state certificates keeps your business compliant.
EIN Number: The Complete Guide for Small Business Owners
A practical guide to EINs — what they are, which businesses are legally required to have one, how to apply free through the IRS in minutes, when structural changes require a new number, and six common mistakes that cause IRS processing delays.
Employee Retention Credit: Complete Guide for Small Business Owners
The Employee Retention Credit paid out $283 billion to U.S. businesses during COVID-19, but improper claims triggered 504 criminal investigations. This guide covers 2020 and 2021 eligibility rules, credit amounts up to $33,000 per employee, common audit triggers, and what to do if you received a disallowance notice.
What Is an Enrolled Agent? The Complete Guide to America's Tax Specialists
Enrolled agents hold the IRS's highest credential and can represent taxpayers in audits, tax debt negotiations, and appeals—typically at lower cost than CPAs or tax attorneys. Learn what they do, when to hire one, and what they charge.
Excise Tax: What It Is, How It Works, and What Businesses Need to Know
Federal excise taxes apply to specific goods—fuel, alcohol, tobacco, firearms, and more—and fall on the seller, not the consumer. Learn which businesses owe excise tax, how to calculate it using per-unit or ad valorem methods, and how to file IRS Form 720 quarterly.
FUTA Tax: The Complete Employer's Guide to Federal Unemployment Tax
A practical employer's guide to FUTA — how the 6% federal unemployment tax works, the SUTA credit that reduces most employers' rate to 0.6%, quarterly deposit thresholds, Form 940 filing deadlines, and credit reduction states for 2026.
Hiring Foreign Independent Contractors: A Complete Guide for US Businesses
US businesses hiring foreign contractors must collect W-8BEN or W-8BEN-E before making any payment—or face mandatory 30% backup withholding. This guide covers IRS requirements, permanent establishment risk, payment methods, and documentation best practices.
IRS Currently Not Collectible Status: What It Is and How to Get It
IRS Currently Not Collectible (CNC) status pauses all collection activity—wage garnishments, bank levies, asset seizures—for taxpayers whose income minus allowable expenses leaves no disposable income. Learn how to qualify, apply using Form 433-F, and use the 10-year collection statute expiration date as a strategic advantage.
The Complete Guide to 1099 Forms for Small Business Owners and Freelancers
A practical guide to 1099 forms for small businesses and freelancers—which forms apply, the 2026 threshold change ($600 → $2,000 for 1099-NEC), filing deadlines, and penalties reaching up to $340 per form for late filing.