-Corp earnings available for tax-free distribution. It’s a corporate-level account that parallels shareholder basis. It matters most for S-Corps that were previously C-Corps.” } }, { “@type”: “Question”,
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-Corp earnings available for tax-free distribution. It’s a corporate-level account that parallels shareholder basis. It matters most for S-Corps that were previously C-Corps.” } }, { “@type”: “Question”,
Key Takeaways 2026 Business Rate: 72.5 cents per mile (up 2.5 cents from 2025) 2026 Medical/Moving Rate: 20.5 cents per mile (down 0.5 cents from 2025) 2026 Charity Rate: 14 cents
FBAR filing catches many people by surprise. The $10,000 threshold is lower than you might expect, and the definition of “U.S. person” is broader than most realize. Here’s
If you’ve missed FBAR filings or you’re worried about penalties, here’s what you need to know. FBAR penalties are among the steepest in the tax code, but relief
TL;DR Executive Order 14247, signed March 2025, requires the IRS to transition all payments and refunds to electronic methods. Paper refund checks are being phased out starting September
Calculate Your Exact RSU Tax Liability and Discover Hidden Savings Opportunities with Our California-Specific Calculator Quick Answer for Tech Employees RSUs are taxed as ordinary income when they
TL;DR 529 plans offer significant federal tax benefits including tax-deferred growth and tax-free qualified withdrawals, but state tax benefits vary dramatically. Texas has no state income tax, so
TL;DR Catch-up bookkeeping involves organizing and updating months or years of neglected financial records to create accurate, compliant books. Most small businesses can get caught up within 2-4
TL;DR For busy Texas business owners, finding the right accountant requires looking beyond a simple search for a “business accountant near me.” The key is to verify Certified
For many entrepreneurs, the term “accounting” conjures images of late nights spent hunched over spreadsheets, a mountain of receipts, and the ever-looming tax season. It’s often viewed as