Source-cited explainers on IRS & Compliance, in plain English or Spanish, for the individuals and businesses we serve across Miami and beyond.
Form 8949 ties every stock, crypto, and property sale back to what your broker already told the IRS on Form 1099-B or 1099-S. Here is what counts as a capital asset, the 2025 rate structure, the $3,000 loss limit, and the places basis most often goes wrong.
A bank, payroll provider, or withholding agent commonly asks for written IRS verification of your EIN before opening the account or releasing a payment. Here is how to request Letter 147C, why the lost CP 575 is not your only path, and what a foreign owner should ask for.
Most tax-exempt organizations file annually. Which return depends on gross receipts and total assets: $50,000 for the 990-N e-Postcard, $200,000 and $500,000 for 990-EZ, otherwise the full Form 990.
Every business with an EIN carries a named responsible party on file at the IRS, and when the person changes the entity has 60 days to file Form 8822-B. Here is who has to file, what triggers it, and what the deadline actually means.
An offer in compromise lets you settle federal tax debt for less than the full amount you owe. Here is who qualifies, what the $205 fee and initial payment cover, and how the IRS decides.
Form 2848 is the Power of Attorney that lets an authorized representative stand in for you before the IRS on audits, notices, collection cases, and unfiled returns. Here is what an Enrolled Agent can do and when to bring one in.
Unfiled tax returns turn into IRS notices, lost refunds, and personal collection. Here is how to file the missing years, protect refunds within the 3 year window, and choose between an installment plan and an offer in compromise.
The IRS can move unpaid payroll trust fund taxes onto you personally. Here is who counts as a responsible person, what willfulness means, how the penalty is computed, and the 60 day window to appeal a proposed assessment.
Form 1099-NEC is due February 2, 2026, while Form 1099-MISC runs to March 2 or March 31, 2026. The reporting threshold also jumps from $600 to $2,000 for payments made in 2026. Here is what changes and what does not.
An Enrolled Agent can act for you at every stage of an IRS examination: reading the notice, assembling the records, holding the deadline, and taking a disagreed result to Appeals. Here is how an audit runs from the first letter to the closing.
A CP2000 notice means the income data the IRS received from third parties does not match your return. Learn what the notice is, the three ways to reply, how to send your response, and what silence costs you.
A payer files Form 1099-DIV for each person paid $10 or more in dividends, or $600 or more in a liquidation. See every filing trigger, what each box reports, and how the qualified dividend holding period works.
FinCEN's March 2025 interim final rule ended Beneficial Ownership Information reporting for every entity created in the United States. Only foreign-formed companies registered to do business in a US state still file, and new registrants get 30 calendar days.
The IRS disallows an Employee Retention Credit on Letter 105-C or 106-C, and you get two years to resolve the claim or file suit. Since April 27, 2026, a Form 907 request through the Document Upload Tool can extend that window.
Any trade or business that receives more than $10,000 in cash in one or related transactions must file Form 8300 within 15 days, notify the payer by January 31, and e-file once it files 10 other information returns.
Newsletter
Join our list for plain-language tax tips, key deadline reminders, and timely updates for individuals and businesses across Miami and beyond.
Insights topic
Tell us about your situation. An Enrolled Agent will answer in plain English or Spanish, with the citation behind the answer.
