Last Updated: January 18, 2026 | International tax CPA firm with Big Four experience Key Takeaways Category 1/2/4 penalties: $10,000 initial penalty plus up to $50,000 in continuation penalties after
- Home
- |
- Archives: Tax
Form 8865 Categories of Filers: Which Category Applies to You?
Last Updated: January 18, 2026 | International tax CPA firm with Big Four experience Key Takeaways Four categories of filers exist for Form 8865, each with different requirements and schedules
Backdoor Roth IRA vs. Mega Backdoor Roth: 2026 Guide for High-Net-Worth Business Owners
Last updated: January 9 2026 TL;DR: Key Takeaways for 2026 Backdoor Roth IRA limit (2026): $7,000 ($8,000 if 50+) Mega Backdoor Roth potential (2026): Up to $47,500+ depending
2026 Tax Planning Guide: 20 Strategies to Cut Your Tax Bill This Year
Last Updated: January 9 2026Applies To: 2026 Tax Year (Filed in 2027) Effective tax planning happens throughout the year, not just at filing time. And with the One
Form 5471 Penalties: Understanding Relief Options and the $60,000 Risk
Understanding the penalty structure, relief options, and how to protect yourself from severe IRS consequences for foreign corporation reporting failures Quick Facts: $10,000 Initial penalty per form $60,000 Maximum penalty
GILTI and Subpart F Income: Complete Form 5471 Reporting Guide
Understanding how CFC income is taxed and reported on Form 5471—calculations, schedules, and planning strategies, including 2026 NCTI changes under the One Big Beautiful Bill Act Quick Facts:
Form 5471 Categories of Filers: Determine Your Filing Requirements
Navigate the five IRS categories to understand exactly when and what you need to file for your foreign corporation interests Quick Facts: 5 Categories of filers 10% ownership threshold for
The Ultimate Guide to Federal Income Tax Deadlines for 2026
TL;DR: 2026 Federal Tax Deadlines at a Glance Individual tax returns (Form 1040): April 15, 2026 (extension: October 15, 2026) Partnerships & S-Corps: March 16, 2026 (extension: September
Form 5472 Penalties: Understanding the $25,000 Risk and Relief Options
A guide to Form 5472 penalty structure, how penalties accumulate, and available relief options for foreign-owned U.S. businesses Quick Facts: $25,000 Initial penalty per form No maximum Penalties can accumulate
Form 5472 Reportable Transactions: What Must Be Reported
A comprehensive guide to identifying, categorizing, and reporting related party transactions on Form 5472 Quick Facts: All transactions with related parties must be reported Separate forms required for each related