Tax Extension vs. Filing Late: What Is the Difference?
An extension gives you more time to file, not more time to pay. Learn how the penalties work and why an extension is almost always the better choice.
Plain-language explainers on US tax filing, ITINs, and immigration paperwork — written for people doing this without an office visit.
An extension gives you more time to file, not more time to pay. Learn how the penalties work and why an extension is almost always the better choice.
When to file Form 1040-X, when you do not need to, the time limits, and how to track an amended return.
IRS-backed tips for choosing a tax professional, red flags to avoid, and questions to ask before you hand over your documents.
A calm, step-by-step approach to a state sales tax notice: what to look for, what to gather, and why the deadline matters.
Most IRS notices can be handled with a few calm steps. Learn how to read one, check it is real, and respond by the deadline.
Paying employees in cash does not remove payroll tax duties. Here is how business owners can move to W-2 payroll, step by step.
Many New York LLC owners miss this annual fee. Learn who pays it, the fee table based on New York source income, the due date, and how to pay.
New York LLCs must publish a notice in two newspapers within 120 days of forming and then file a certificate. Here is the deadline, the state fee, and the penalty for missing it.
The New York steps that come on top of federal payroll rules: state registration, new hire reporting, withholding returns, unemployment insurance, and required insurance.
Beyond federal and state tax, self-employed people in New York City may owe the city's Unincorporated Business Tax. Here is who files and how it works.
When an online seller must register for New York sales tax, how the $500,000 and 100-sale test works, and what marketplaces do and do not cover.
How states decide that out-of-state sellers must collect sales tax, why thresholds differ, and how to track yours.
Online sellers can owe sales tax in more than one state. Learn how nexus works, what marketplaces handle, and how to get your setup in order.
Notary fees are usually reported as income but are generally not subject to self-employment tax. Learn what that covers and what it does not.
What to write down, how often, and which method works best if you drive for your business, side job, or gig work.
What drivers should report, which expenses may be deductible, how mileage works in 2026, and what Forms 1099 to expect.
A practical checklist of income, deduction, and identity documents for individuals and small business owners, so your preparer has what they need.
Why a profitable business can still run out of money, and a simple way to see what is coming.
Eight steps to close your books each month, so you always know your profit, your cash, and what is waiting on you.
What proof the IRS expects for your income and deductions, which records matter most, and a simple scanning routine.
How the IRS decides whether you deposit payroll taxes monthly or semiweekly, the deadlines for each, and how to pay.
The federal steps to take before the first paycheck: EIN, Forms W-4 and I-9, state registrations, payroll taxes, and year-end forms.
The three IRS categories used to decide worker status, why misclassification is costly, and what to do for each type of worker.
If you are self-employed or have income without withholding, you may need to pay tax during the year. Here are the due dates, the safe harbor rules, and how to pay.
Mixing business and personal money creates tax headaches and can weaken your LLC's legal protection. Here is how to separate them and fix a mix-up.
A simple setup plan for new business owners: accounts, software, records, and monthly habits that keep tax time painless.
What banks usually ask for when a non-U.S. owner opens a business account for a U.S. LLC, and why the account matters for your taxes.
What an S corporation election is, who is eligible, the Form 2553 deadline, and the questions to answer before you elect.
How the IRS taxes one-owner and multi-owner LLCs by default, what forms each files, and when to consider electing corporate treatment.
A practical yearly checklist for Virginia LLC owners: state registration, registered agent, local licenses, federal filings, and records. Includes what to confirm with official sources.
A plain-English look at federal tax treatment for a Virginia LLC owned by someone outside the U.S., including single-member and multi-member LLCs and the S corporation limit.
When a business needs an Employer Identification Number, how to apply online, by fax, mail, or phone, and why you should never pay a third party for one.
Foreign-owned U.S. LLCs generally must file Form 5472 with a pro forma Form 1120. Here is who files, how, when, and the $25,000 penalty for getting it wrong.
Three changes that matter to small business owners this year: the end of BOI reporting for U.S. companies, the new $2,000 1099 threshold, and the IRS's new Automatic Exemption from Penalty.
The 2026 401(k) limits, the new Roth catch-up rule for higher earners, and how to decide whether to contribute more before December 31.
The QBI deduction, 100% bonus depreciation, research costs, the interest limit, and paid-leave credit: what's now permanent, and what to revisit before year end.
Who can deduct business, medical, and charitable mileage in 2026, the new mid-year rates, and the records you need to keep.
Tips, overtime, seniors, car loan interest, SALT, HSAs, and Trump Accounts: which new individual tax changes are temporary and what you need to claim them.
A practical checklist of moves to consider before December 31: itemizing vs. the standard deduction, SALT timing, charitable giving, and tax-loss harvesting.
What an ITIN is, who can apply, what it can and can't be used for, how long it takes, and when it expires.