Do Foreign Partners Trigger Additional Forms? (5471, 8804, 8865)

1 month ago

When U.S. businesses engage with foreign partners or owners, they must comply with additional IRS filing requirements. These forms are…

Dividends, Interest, and Passive Income: What to Report

1 month ago

When it comes to reporting income for tax purposes, understanding the different types of income—such as dividends, interest, and passive…

Difference Between C Corporations and S Corporations

1 month ago

Choosing the right business structure is one of the most important decisions a business owner will make. In the United…

Depreciation Rules and Section 179 for Businesses

1 month ago

Depreciation is a key tax concept that allows businesses to recover the cost of certain assets over time. Instead of…

Deducting Business Meals, Travel, and Entertainment

1 month ago

For many businesses, meals, travel, and entertainment expenses are necessary and ordinary costs required to operate, build relationships, and grow.…

Data Security and Compliance in Offshore Tax Return Outsourcing

1 month ago

Outsourcing tax return preparation to offshore teams has become a common practice for many U.S.-based CPA firms and businesses. It…

Corporate Tax Software for Mid-Sized Enterprises

1 month ago

As mid-sized enterprises (MSEs) continue to grow, the complexity of their corporate tax filings also increases. Managing taxes for an…

Corporate Tax for Multistate Operations: Nexus and Apportionment

1 month ago

For businesses operating in multiple states, understanding corporate tax requirements can be complex and challenging. Multistate operations require companies to…

Corporate Tax Deadlines for 2025: Form 1120 and 1120-S

1 month ago

As a business owner or tax professional, it’s essential to keep track of corporate tax deadlines to avoid penalties, interest,…

Common Partnership Deductions on Form 1065

1 month ago

Filing IRS Form 1065, the U.S. Return of Partnership Income, is a critical requirement for partnerships in the U.S. One…

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