#tax-compliance
Stay compliant with tax regulations and filing requirements
Three ways to move an LLC across state lines — domestication keeps your EIN, contracts, and tax elections when both states allow it; foreign qualification suits businesses staying active in both states; dissolve-and-reform means a new EIN and a new S election — plus a 7-item tax and paperwork checklist for the transition year.
Portland raised its Business License Tax gross-receipts exemption from $50,000 to $75,000 for 2026 and $100,000 for 2027, the first update since 2007. Who qualifies, why exempt businesses must still register and file, and how to track revenue against the cliff.
Zelle tags passed 1 million enrolled small businesses in 2026, adding ~3,500 per day. Here's how to claim a handle, what bank sending limits apply, and why no 1099-K still means fully taxable income.
Chapter 7 can erase income taxes when the return was due over 3 years ago, filed over 2 years ago, and assessed over 240 days ago, with no fraud or evasion — but trust fund taxes, unfiled returns, and recorded tax liens survive every discharge.
Staying under 183 days in a country does not make you a non-resident anywhere. U.S. nomads still owe worldwide income tax, the 2026 Foreign Earned Income Exclusion caps at $132,900 and never covers the 15.3% self-employment tax, the tax-home test disqualifies perpetual travelers, and FBAR triggers at $10,000 aggregated across all foreign accounts.
Form 15620 can now be submitted through an IRS Online Account, but the 83(b) election's 30-day deadline still has no routine extension. How the election works, when it pays, how to file online or by certified mail, and the six mistakes that sink it.
After the IRS cut 28% of its workforce, phone waits doubled to 14 minutes, paper processing slowed to 36 days, and audit revenue fell 35%. The small-business playbook is to e-file everything, use the Business Tax Account, respond to notices online, and keep audit-ready books.
Kick pays streamers 95% of subscriptions and KICKs through Stripe, and the OBBBA raised the 1099-NEC reporting threshold from $600 to $2,000 for payments made on or after January 1, 2026 — but streaming income is taxable from dollar one, and $400 of net profit triggers self-employment tax whether or not a form arrives.
New Zealand's Budget 2026 proposes replacing FBT day-counting and vehicle logbooks with six private-use categories rated at 100%, 35%, 20%, or 0% for benefits provided after 1 April 2027 — here is how each category works and how to prepare your fleet.
A late Form 1065 or 1120-S costs $255 per owner per month for up to 12 months under IRC 6698/6699 — even when the entity owes zero tax. Here is how the math works, why first-time abatement does not apply, and how Revenue Procedure 84-35 can zero out the bill for partnerships with 10 or fewer partners.
A step-by-step wind-down checklist — final 1040/1065/1120 returns, final 941/940/W-2 payroll filings, state dissolution, EIN account closure, Section 1245 and 1250 recapture on asset sales, and the 3-to-7-year record retention rules.
From 1 July 2026 Tanzania's presumptive income tax regime covers turnover up to TZS 200 million at a 4% rate, up from TZS 100 million at 3.5%, and newly registered individual taxpayers with turnover of TZS 4M–200M get a 12-month income tax exemption dated from their TIN. Presumptive tax beats 30% self-assessment only above a net margin of roughly 13.3%.
