IRS & Compliance insights

Source-cited explainers on IRS & Compliance, in plain English or Spanish, for the individuals and businesses we serve across Miami and beyond.

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, 20264 min read
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, 20264 min read
IRS & Compliance
IRS Audit Representation: What an Enrolled Agent Does for You
If the IRS selects your return for examination, you have the right to professional representation. An Enrolled Agent can respond to audit requests, handle document reviews, and appeal findings on your behalf.
June 1, 20264 min read
IRS & Compliance
CP2000 Notice: What It Means and How to Respond
The IRS sends a CP2000 when third-party income data does not match your return. Learn what the notice means, the three response paths, and how to avoid escalating penalties.
May 22, 20264 min read
IRS & Compliance
Form 1099-DIV Explained: The $10 Threshold for Dividend Reporting
Banks, brokerages, and small corporations file Form 1099-DIV when they pay shareholders $10 or more in dividends, or $600 or more in a liquidation. Here is what triggers it and what the boxes mean.
May 21, 20264 min read
IRS & Compliance
BOI Reporting After the 2025 FinCEN Rule: Who Still Files?
FinCEN's March 2025 interim final rule removed Beneficial Ownership Information reporting for US-formed entities and their owners. Foreign reporting companies still file, on new deadlines. Here is what changed and who must act.
May 21, 20264 min read
IRS & Compliance
ERC Disallowance, Withdrawal, and the Form 907 Extension Path
If the IRS disallowed your Employee Retention Credit with Letter 105-C, you generally have two years from the date of that letter to appeal or sue. If your claim is still unprocessed, you may withdraw it. A new April 2026 process lets you extend the deadline with Form 907.
May 21, 20264 min read
IRS & Compliance
Form 8300: Reporting Cash Payments Over $10,000 to the IRS
Any trade or business that receives more than $10,000 in cash in one transaction or in related transactions must file Form 8300 within 15 days. The IRS made electronic filing mandatory effective January 1, 2024. Here is who files, when, and how.
May 21, 20264 min read

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