Hoarding Cash in Your C Corporation? The 20% Penalty Taxes That Punish Stockpiled Earnings
The IRS adds a 20% accumulated earnings tax on C corp cash above $250,000 without documented business needs — plus a 20% PHC tax on passive income.
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Tax Compliance
Stay compliant with tax regulations and filing requirements
Are Your Emails With Your CPA Privileged? Kovel Agreements, Section 7525, and Where Protection Stops
There is no US accountant-client privilege: Section 7525 shields only civil IRS tax advice, while a Kovel arrangement via counsel also holds in criminal cases.
Your Refund Is on Hold and the IRS Wants Documents: How to Answer a CP05A Notice
An IRS CP05A notice holds your refund until you send W-2s, 1099s and pay stubs — reply within 30 days, allow 45–60 days more, and escalate with Form 911.
New Hampshire HB 155 Raises the BET Filing Threshold to $400,000: What Small Businesses Need to Know
New Hampshire HB 155 lifts the BET filing threshold to $400,000 from 2027, exempting ~4,000 small firms, and adds an automatic rate cut down to 0.25%.
One Lopsided Distribution Can Endanger Your S Election: The Single-Class-of-Stock Rule
An S-Corp loses its election if any share gets different distribution rights. Five IRS traps, plus the straight-debt safe harbor for shareholder loans.
Bahrain's 15% Minimum Tax Is Live: Your DMTT Compliance Guide for 2026
Bahrain's 15% DMTT now binds MNE groups over EUR 750M: US-parented groups with a Bahrain entity must register or risk BHD 100,000 fines and evasion charges.
Cameroon's New IGS Tax Charges You on Turnover, Not Profit: What SMEs Between 10M and 50M CFAF Owe in 2026
Cameroon's IGS taxes small businesses on turnover, not profit — 500,000 to 2,000,000 CFAF a year for 10M–50M CFAF turnover, paid quarterly.
Dog and Cat Breeder Bookkeeping: The USDA Four-Breeding-Female Rule
Keep more than four breeding females and make one sight-unseen sale, and USDA licensing applies — plus Schedule C, the IRS hobby-loss test, and state sales tax.
FAVR Vehicle Reimbursement, Explained: Pay High-Mileage Drivers Tax-Free Without the Flat-Allowance Tax Waste
FAVR pays drivers tax-free with a fixed monthly allowance plus a per-mile rate — but it needs five drivers, 5,000 miles each, and a quarterly IRS ceiling test.
Form 941 vs. 944 vs. 940: Which Employment Tax Return to File, When It's Due, and How to Fix Mistakes
Most US employers file Form 941 quarterly plus Form 940 once a year; Form 944 is annual only if the IRS notifies you in writing. Fix errors with Form 941-X.
Are Frequent Flyer Miles Taxable? What IRS Announcement 2002-18 Says About Your Business-Travel Rewards
Miles earned by flying or card spending are tax-free rebates under IRS Announcement 2002-18; bank-account bonuses and cash conversions are taxable income.
GSA Raised FY2027 Per Diem Rates to $181 a Day: Update Your Accountable Plan Before October 1
GSA's FY2027 standard per diem is $181/day — $113 lodging plus $68 M&IE from October 1. Update your accountable plan or the IRS taxes them as wages.