Tax guides, written by Enrolled Agents
Long-form explanations of the filings and IRS problems we are asked about most. Each one covers the rule itself, the deadlines and penalties attached to it, and what to do if you are already behind. Free to read, no email required.
FBAR Filing Guide
FinCEN Form 114
Who has to file, the $10,000 aggregate threshold and how it is measured, the deadline and its automatic extension, what the penalties reach, and the routes back into compliance if you have missed years.
Read the guideForm 5472 Guide
Foreign-owned US businesses
The filing obligation that catches single-member LLCs with a foreign owner, what counts as a reportable transaction, and why this one carries a penalty that starts at $25,000 per year.
Read the guideIRS Tax Resolution Guide
Options when you owe
Offers in Compromise, installment agreements, penalty abatement, currently-not-collectible status and levy release - what each one requires, and which situations each is actually suited to.
Read the guideSmall Business Tax Guide
Deductions and planning
The deductions small businesses most often miss, what substantiation each one needs to survive scrutiny, and the planning decisions that have to be made before year end rather than at filing.
Read the guideNeed this applied to your own situation rather than explained in general? A consultation with an Enrolled Agent is free. Get a free estimate or browse what we do.
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