IRS Letter 12C: Why Your Return Is On Hold and How to Respond in 20 Days
IRS Letter 12C is a processing hold, not an audit — fax or mail the requested forms within 20 days and skip Form 1040-X; refunds follow in 6–8 weeks.
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Tax strategies, planning, and compliance for individuals and businesses
CP90 and CP91 Explained: The IRS Final Notice of Intent to Levy and Your 30-Day Window
IRS CP90 and CP91 are final levy warnings: file Form 12153 within 30 days for a CDP hearing that pauses wage, bank and Social Security seizures.
Who Paid the Premium Decides Who Pays the Tax: Disability Insurance Taxation for Employers and Employees
IRS rule: pre-tax disability premiums mean taxable benefits; after-tax premiums mean tax-free ones. Gross-up premiums into W-2 wages to protect employees.
Greece Freelancer Taxes in 2026: Surviving the Imputed-Income Squeeze and the October E-Invoicing Deadline
Greece taxes freelancers on imputed income of 12,320 euros for 2026 — and B2B e-invoicing via myDATA is mandatory from October 1.
Replaced the Roof? Make the Partial Disposition Election So You Stop Depreciating Two Roofs at Once
Replaced a roof or HVAC? The IRS partial disposition election deducts the old component's remaining basis on Form 4797 now, not over decades.
Saint Lucia's Tax Amnesty Runs to December 2027: A Freelancer and Small Business Guide to Clearing Arrears
Saint Lucia waives 100% of penalties and interest on tax arrears through 2025 if you pay the principal by December 2027. File first, then settle.
Seattle's 2026 B&O Tax Overhaul: The $2 Million Shield and the $4,000 License Line
Seattle, Washington's 2026 B&O tax starts at $2 million, but $0 returns are still due; out-of-city sellers at or below $4,000 need no license.
Session Musician Taxes and Bookkeeping: Union Scale, Buyouts, 1099s, Royalties, and Deductions
Gig pay lands on 1099-NEC, royalties on 1099-MISC, and the IRS taxes it all. US guide to scale vs. buyouts, fund payouts, and session deductions.
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.
Why Your Bonus Check Gets a Flat 22 Percent Withheld
The IRS lets employers withhold a flat 22% on bonuses up to $1M and 37% above it. That's withholding, not your tax rate; the gap settles when you file.
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.
Worked Two Jobs and Overpaid Social Security Tax? How to Get the Excess Back
Two employers over-withheld? Claim excess Social Security tax on Schedule 3, Line 11; a single employer's error needs a W-2c and Form 843 instead.