Paying your children to work in your business can shift income to a lower tax bracket, but only if the work is real and the wages are reasonable. Here is how to set it up correctly.

Estimated tax payments follow a quarterly schedule and a strict safe-harbor rule. Here’s how to know if you’re on track before the IRS tells you otherwise.

Every tax strategy falls somewhere on a spectrum from standard to reckless. Here’s how to tell where your plan stands and what’s actually at risk if the IRS disagrees.

Choosing between cash and accrual accounting affects when your business recognizes income and deductions. Here is how each method works and which one fits your situation.

An accountable plan lets your business reimburse employees and owners for expenses tax-free. Without one, those same reimbursements become taxable wages. Here’s how it works and how to set one up.

The IRS generally has three years to audit you — but the window extends to six years for large omissions, and never closes for fraud or unfiled returns. Here’s what each rule means for your records.

Most IRS discrepancies are caught through automated information matching, not audits. Learn how the AUR program works, what gets reported to the IRS, and how to respond to a CP2000 notice.

A 1031 exchange lets you defer capital gains when selling investment property — but the rules changed in 2017. Learn what still qualifies, the 45/180-day deadlines, and how to avoid the mistakes that kill the exchange.

Clean books and good decisions aren’t the same thing. Here’s how to tell whether your business has outgrown bookkeeping-only support.

Paying your children to work in your business can shift income to a lower tax bracket, but only if the work is real and the wages are reasonable. Here is how to set it up correctly.

Estimated tax payments follow a quarterly schedule and a strict safe-harbor rule. Here’s how to know if you’re on track before the IRS tells you otherwise.

Every tax strategy falls somewhere on a spectrum from standard to reckless. Here’s how to tell where your plan stands and what’s actually at risk if the IRS disagrees.

Choosing between cash and accrual accounting affects when your business recognizes income and deductions. Here is how each method works and which one fits your situation.

An accountable plan lets your business reimburse employees and owners for expenses tax-free. Without one, those same reimbursements become taxable wages. Here’s how it works and how to set one up.

The IRS generally has three years to audit you — but the window extends to six years for large omissions, and never closes for fraud or unfiled returns. Here’s what each rule means for your records.

Most IRS discrepancies are caught through automated information matching, not audits. Learn how the AUR program works, what gets reported to the IRS, and how to respond to a CP2000 notice.

A 1031 exchange lets you defer capital gains when selling investment property — but the rules changed in 2017. Learn what still qualifies, the 45/180-day deadlines, and how to avoid the mistakes that kill the exchange.