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  Small Business

  Florida Small Business Tax Setup: State Filings and Registrations Every New Owner Should Know

  After you form a Florida entity, the paperwork just starts. Here is how the Sunbiz filings, the Florida Department of Revenue sales tax registration, and ongoing state deadlines fit together for a new small business.

  July 3, 2026·8 min read
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  International Tax

  Foreign-Owned U.S. Business Tax Reporting: The Forms and Penalties to Know

  A foreign-owned U.S. business often owes information returns like Form 5471, Form 5472, the FBAR, and FIRPTA withholding, each with its own steep penalty. Here is how these cross-border filings fit together and who must file them.

  July 2, 2026·6 min read
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  Small Business

  Section 41 R&D Tax Credit: How Small Businesses Claim Qualified Research Expenses on Form 6765

  The research credit under the Internal Revenue Code rewards US businesses for wages, supplies, and contractor fees paid on qualifying research activities. Qualified small businesses under $5 million in gross receipts can apply up to $500,000 against payroll taxes each year.

  July 1, 2026·4 min read
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  Tax Planning

  ISO vs. NSO vs. RSU: How Employee Equity Awards Are Taxed

  Incentive stock options, non-qualified stock options, and restricted stock units each create income at different times and at different rates. Here is what the IRS rules say about each award type.

  June 29, 2026·4 min read
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  Individuals

  Form 1040-NR: What Nonresident Aliens Must Know Before Filing

  Nonresident aliens with U.S. source income must file Form 1040-NR rather than the standard Form 1040. Here is how the IRS defines nonresident alien status, what income triggers the return, and how effectively connected income and FDAP income are taxed differently.

  June 26, 2026·4 min read
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  IRS & Compliance

  Trust Fund Recovery Penalty: What Business Owners Must Know Before the IRS Acts

  The IRS can hold a business owner personally liable for unpaid payroll taxes under the Trust Fund Recovery Penalty. Here is how the penalty is calculated, who qualifies as a responsible person, what willfulness means, and how to appeal.

  June 24, 2026·4 min read
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  IRS & Compliance

  Form 1099-NEC vs. 1099-MISC: Deadlines, Thresholds, and What Goes Where

  Two different 1099 forms come with two different due dates. Misfiling a payment or missing the February or March cutoff can trigger IRS late-filing penalties. Here is how to get both forms right.

  June 22, 2026·4 min read
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  Tax Planning

  Real Estate Professional Status: The 750-Hour Test and Grouping Election Explained

  Rental real estate is passive by default, so losses can only offset passive income. To qualify as a real estate professional, you must log more than 750 hours in real property trades and those hours must represent more than half of your personal services for the year.

  June 19, 2026·4 min read
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  Small Business

  Florida Sales Tax Registration: What Triggers the DR-1 Requirement

  Any Florida business that makes taxable sales, admits customers for a fee, or rents property must register with the Department of Revenue before its first taxable transaction. The registration form is the Florida Business Tax Application, Form DR-1.

  June 17, 2026·4 min read