LLC vs S Corp Retirement Plans: FICA, Salary, and 2026 Limits
Learn how LLC vs S corp retirement plans compare, from how each structure calculates contributions to the payroll tax trade-offs and salary rules involved.
Sale of LLC Membership Interest: Federal and State Tax Consequences
Learn how the tax consequences of selling an LLC membership interest work, from classification through gain calculation, federal add-ons, and state tax.
What Is the Difference Between Reclass and Accrual?
Learn how the difference between a reclass and an accrual plays out, from what each entry does to your books to how they carry into the next period.
Schedule C Loss Limit: At-Risk, Passive, and Excess Business Rules
Learn how the Schedule C loss limit works, from the layered tests that can suspend a loss to the carryforwards and ripple effects on other tax benefits.
Form 8949 Box E: Noncovered Securities and Basis Reporting
Learn how Form 8949 Box E works for long-term sales of noncovered securities, from figuring cost basis on your own to reporting totals and keeping records.
W-2 Tax Refund: How to Calculate, Claim, and Track
Learn how a W-2 tax refund works, from calculating what you're owed and claiming credits to filing, tracking the money, and fixing common issues.
Distributable Reserves: Solvency Tests, Uses, and Director Liability
Learn how distributable reserves work under state solvency tests, from permitted uses to the personal liability directors face when limits are exceeded.
Form 8843 Deadline: Extensions, Late Filing, and Where to Send
Learn how the Form 8843 deadline works for nonresidents, from figuring out which due date applies to extensions, late filing, and where to send it.
Second Home Tax Trap: 14-Day Rule, NIIT, and 1031 Exchanges
Learn how second home tax rules work, from the personal-use day count and deduction limits to rental loss treatment and the tax hit when you sell.
How to Write a Hardship Letter to the IRS: Structure and Sample
Learn how to write a hardship letter to the IRS, from matching it to the right relief through drafting the narrative, submitting, and following up.