US Taxation

What U.S. CPAs Should Look for When Choosing an Offshore Tax Prep Partner

In today's globalized business environment, U.S. Certified Public Accountants (CPAs) are increasingly looking to offshore tax preparation partners to manage…

1 month ago

What to Do If You Owe Back Sales Tax

If you owe back sales tax, it’s essential to take action as soon as possible to avoid significant penalties, interest…

1 month ago

What to Do If You Forgot to Include Income on Your 1040

Filing your taxes can be a complex and sometimes stressful process, and it's easy to overlook certain details—such as forgetting…

1 month ago

What Is Tax Identity Theft and How to Prevent It?

Tax identity theft is one of the fastest-growing forms of identity theft in the United States, and it can have…

1 month ago

What Is Nexus? Understanding Sales Tax Nexus in 2025

Sales tax nexus is a critical concept for businesses engaged in interstate commerce, as it determines which states can impose…

1 month ago

What Is Corporate Income Tax and Who Pays It?

Corporate income tax is a tax levied on the net income of businesses or corporations by the government. It is…

1 month ago

What Happens if You File 1065 Late? Penalties Explained

Filing your taxes on time is crucial for staying compliant with IRS regulations. However, sometimes businesses miss their tax filing…

1 month ago

What Happens If You Don’t File a Tax Return?

Filing your tax return is a legal requirement for most individuals and businesses in the United States. Failure to file…

1 month ago

Using Health Savings Accounts (HSAs) for Tax Savings

Health Savings Accounts (HSAs) are a powerful tool for saving on taxes while also preparing for future healthcare expenses. With…

1 month ago

Understanding the Shareholder K-1 from Form 1120S

For S-corporations, one of the most important forms for both the corporation and its shareholders is the Shareholder K-1 (Form…

1 month ago

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