Strategic business tax planning and filing guides for S-Corps, C-Corps, LLCs, and Partnerships. Explore tax optimization strategies tailored to every stage of your business growth.
What changed in the Form 1065 instructions for 2025? The IRS released updated Form 1065 instructions for 2025 (processing year 2026) with new direct deposit lines, a Schedule K-2 exception checkbox, and new Schedule K-1 reporting codes for partnership distributions and special transactions — including provisions from the One Big Beautiful Bill Act. If you…
What does IRS Notice 2026-7 change about the corporate alternative minimum tax? Notice 2026-7 provides additional interim guidance on the CAMT, focusing on adjusted financial statement income (AFSI) adjustments for tax-deductible repairs, Section 197 intangibles, domestic research amortization under Section 174A, film and TV production costs, and low-cost materials. It also modifies troubled company guidance…
Can corporations still deduct charitable contributions in 2026? Yes, but the rules changed significantly. The One Big Beautiful Bill introduced a new 1% floor under IRC §170(b)(2)(A), meaning the corporate charitable contribution deduction 2026 only applies to donations exceeding 1% of taxable income — permanently eliminating the deduction value of smaller gifts. Corporate philanthropy has…
Rev. Proc. 2026-17 Explained: How to Reverse Your § 163(j) Election! Are you feeling stuck with a past tax election that no longer serves your business? Discover how the new IRS guidance lets you undo your real property or farming business interest elections and reclaim massive depreciation benefits. Let’s be completely honest—navigating the…
Essential California Tax Updates for 2026! Running a business in California? Stay ahead of the curve and avoid penalties by catching up on the newest sales tax rates, e-waste fees, and crucial USPS mailing rules taking effect this spring. Running a business in California is no walk in the park, especially when tax…
Are Alternative Investments Coming to Your 401(k)? The regulatory landscape for retirement plans is undergoing massive shifts. Let’s dive into what recent changes mean for offering crypto, real estate, and other alternative assets in company 401(k) plans, balancing employee demand with strict fiduciary risks. Hey everyone! 👋 Have you ever logged into your…
Want to write off 100% of your new production facility this year? The IRS just dropped major news for manufacturers and agricultural businesses regarding the One, Big, Beautiful Bill. Discover how Notice 2026-16 can save you a massive amount on your tax bill and exactly what you need to do to qualify! Hey…
Is your business facing a financial crossroads? Understanding the Chapter 11 plan is the first step toward reclaiming your company’s future and ensuring all stakeholders are treated fairly during the restructuring process. We’ve all been there—that sinking feeling when the bills start piling up faster than the revenue comes in. It’s a situation many…
Corporate Tax Planning in 2026: A New Era of Stability. Are you a CFO or tax professional trying to figure out the long-term impacts of the One Big Beautiful Bill Act? Let’s break down the new 21% permanent corporate rate, IP strategies, and what this firmer tax runway means for your business. Let’s be…
Navigating IRS Notice 2026-7: Your Guide to the Latest CAMT Guidance. Are you feeling overwhelmed by the Corporate Alternative Minimum Tax (CAMT)? This comprehensive guide breaks down the essential interim guidance from Notice 2026-7 so you can handle AFSI adjustments with confidence. Tax season is always a whirlwind, and if you are dealing with…
