1,407 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Position Check is the smarter first step.
October 4, 2026
Tax treatment of intellectual property: development costs and the research deduction, self-created versus purchased patents and copyrights, 15-year amortization of acquired intangibles, royalties as ordinary or business income, the capital gain rule for patent sales, licensing versus sale, Section 1253 for trademarks, and self-employment tax on royalties.
Read more →October 4, 2026
Inventory accounting for tax: FIFO, LIFO, specific identification, lower of cost or market, the Section 471(c) small business rule, and uniform capitalization.
Read more →October 4, 2026
Involuntary conversions under Section 1033: gain when insurance or condemnation proceeds exceed basis, deferral by replacing with similar property within two years (three for condemned real estate, four in a federally declared disaster for a home), the election, basis of the replacement, business interruption proceeds as ordinary income, inventory, and partial destruction.
Read more →October 4, 2026
What triggers an IRS audit of a small business: computer scoring, document matching, common red flags, correspondence versus field audits, and the statute of limitations.
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IRS currently not collectible status: who qualifies, the financial statement, what stops and what continues, liens, periodic reviews, and the ten-year collection deadline.
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IRS payment plans explained: short-term versus long-term installment agreements, the online thresholds, business trust fund agreements, penalties during the plan, and default.
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IRS lien versus levy: how a federal tax lien arises and is filed, lien release, withdrawal, discharge and subordination, levy notices, bank and wage levies, and how to stop them.
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IRS statute of limitations: the three-year assessment period, the six-year rule for large omissions and foreign income, unlimited periods, the ten-year collection statute and tolling, and refund deadlines.
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Incentive stock options versus nonqualified stock options: tax at exercise, the AMT preference for ISOs, qualifying and disqualifying dispositions, the $100,000 ISO limit, employer deductions and W-2 reporting, early exercise with an 83(b) election, and planning the exercise.
Read more →October 4, 2026
Tax treatment of business litigation: the origin-of-the-claim rule, settlements as ordinary income or capital recovery, lost profits versus damage to assets, deductibility of settlements and judgments paid, the ban on deducting fines and penalties, attorney fees, punitive damages and interest, Form 1099 reporting, and allocating settlement agreements.
Read more →October 4, 2026
Leasing versus buying business equipment for tax: depreciation and Section 179, interest, lease payments, true lease versus conditional sale, vehicle lease inclusion, and disposal.
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LLC operating agreement tax provisions: tax classification, capital accounts and allocations, Section 704(c) for contributed property, distributions and tax distributions, the partnership representative and audit elections, the Section 754 election, transfer restrictions, S corporation compatibility, and guaranteed payments.
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Sole proprietorship versus single-member LLC: identical default tax treatment, liability protection, formation and annual costs, bank and contract practice, Florida rules, and when to elect S corporation status.
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Micro-captive insurance under Section 831(b): how the election works and the premium limit, the promise of deductible premiums and tax-free underwriting profit, the 2025 regulations listing certain captives as listed transactions and transactions of interest, the court cases the IRS has won, what real insurance requires, and alternatives.
Read more →October 4, 2026
Mixed-use property deductions: allocating by square footage and days, the home office portion, the duplex and house-hack cases, the vacation home 14-day and 10 percent rules, expense ordering limits, and the split between the home sale exclusion and recapture at sale.
Read more →October 4, 2026
Multi-entity structures for small business: holding companies and operating subsidiaries, one LLC per property or business line, management companies, disregarded entities and consolidated reporting, S corporations with qualified subsidiaries, liability separation, intercompany charges, and the cost of each entity.
Read more →October 4, 2026
Multistate income tax for businesses: income tax nexus and factor presence, Public Law 86-272 and its limits, apportionment and market-based sourcing, pass-through owners and composite returns, nonresident withholding, and credits for taxes paid.
Read more →October 4, 2026
Net investment income tax for business owners: the 3.8 percent surtax, the fixed $200,000 and $250,000 thresholds, what counts as investment income, the active business exception, rental income, selling a business, and Form 8960.
Read more →October 4, 2026
Tax planning after a baby for business owners: the child tax credit after the 2025 law, the dependent care credit and assistance plan increases from 2026, the adoption credit, the new federally seeded child investment accounts, 529 plans, a Social Security number for the child, withholding and estimated tax updates, head of household, and the owner-benefit limits.
Read more →October 4, 2026
No-income-tax states for business owners: the nine states and what each taxes instead (sales, property, franchise, gross receipts), the saving on pass-through income versus wages, income that remains sourced to other states, the former state's residency audit, Florida's tax profile, and when the move does not pay.
Read more →October 4, 2026
Nonprofit executive compensation and intermediate sanctions: excess benefit transactions under Section 4958, the 25 and 200 percent excise taxes on the insider and the 10 percent tax on approving managers, the rebuttable presumption (independent approval, comparability data, contemporaneous records), Form 990 disclosure, and the 21 percent tax on compensation over $1 million.
Read more →October 4, 2026
Offer in compromise explained: reasonable collection potential, the three grounds, Form 656, payment options, eligibility rules, and the five-year compliance condition.
Read more →October 4, 2026
Qualified opportunity zones in 2026: the December 31, 2026 recognition date for gains deferred under the original program, the 10-year exclusion for investments held, the 2025 law's permanent program with new zone designations from 2027, the five-year deferral and basis step-ups for new investments, rural zone bonuses, and reporting.
Read more →October 4, 2026
Partner buyouts: Section 736(a) and 736(b) payments, capital gain versus ordinary income, unrealized receivables and inventory under Section 751, the goodwill clause in the partnership agreement, a sale to remaining partners under Section 741, the Section 754 step-up, and installment payouts.
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