The Auditor Just Handed You Form 4564: How to Respond to an IRS Information Document Request
An IRS Form 4564 Information Document Request is a request, not a court order — answer only what's asked, keep a copy of everything, and ask for time early.
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Tax Compliance
Stay compliant with tax regulations and filing requirements
QSEHRA for Small Employers: Reimburse Employee Health Premiums Tax-Free Without a Group Plan
A QSEHRA lets employers under 50 FTEs reimburse individual health premiums tax-free — up to $6,450 self-only in 2026, with the IRS 90-day notice filed.
UAE Small Business Relief Ends After 2026: Your Company's Final Election, the Loss-Year Trap, and the 9% Math Ahead
UAE Small Business Relief ends for tax periods after December 31, 2026 — elect it on your final return, but skip it in a loss year to keep the carryforward.
Year-End Giving Season: How Your Nonprofit Can Handle the December Donation Surge
About a third of US giving lands in December. The IRS requires a written acknowledgment for gifts of $250 or more, and the postmark sets the gift's tax year.
What Happens to Your 401(k) Plan When You Sell or Close Your Small Business
To close a 401(k) when selling or shutting down: board resolution, full vesting, distribute within 12 months, file a final Form 5500.
Chicago's Lease Tax Just Jumped to 15%: What It Means for Every Software Subscription and Equipment Lease You Pay For
Chicago's lease transaction tax rose from 11% to 15% in 2026 — Illinois businesses now owe $150 a month in city tax on every $1,000 of SaaS.
Constructive Dividends, Explained: The Personal Expenses the IRS Reclassifies as Taxable Dividends
The IRS can reclassify your salary top-up, company-paid bills, and shareholder loans as taxable dividends — and deny the corporate deduction.
That $50 Holiday Gift Card Is Taxable Wages: Why Employee Gift Cards Belong on Form W-2
IRS rules: gift cards to employees are cash equivalents, never de minimis — report face value as supplemental wages on Form W-2 with 22% withholding.
Form 5500 Filing for Small Business Retirement Plans: Who Must File, the 100-Participant Audit Tripwire, and Penalty Relief for Late Filers
Form 5500 is due July 31 for calendar-year plans; IRS late penalties run $250 a day up to $150,000, but DFVCP caps small-plan relief at $1,500.
October 1 Is Your myDATA Deadline: An E-Invoicing Survival Guide for Greek Small Businesses
Greece requires every small business to issue myDATA e-invoices from October 1, 2026 — declare your method and get the MARK stamp or face 50% VAT penalties.
HOA Reserve Fund Accounting: Why Your Repair Money Needs Its Own Bank Account
Commingling HOA reserve and operating cash violates Florida and Washington law — and reserve interest is taxable on IRS Form 1120-H even when dues are not.
Your K-1 Item L Capital Account: Negative Balances and Why It Never Matches Your Basis
Item L reports tax-basis capital, not your outside basis — the IRS excludes partnership debt, so a negative ending balance is usually arithmetic, not alarm.