971 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
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How to respond to an IRS correspondence audit (CP2000, CP2501, letter 566). Most IRS audits are not the sit-down-with-an-agent kind.
US TaxHow to tell if an IRS audit is turning criminal. On one side: adjustments, penalties, and a payment plan.
US TaxEquitable relief is the third type of innocent spouse relief, and it is often the only option available.
US TaxWhen one spouse's tax problems create a joint liability, Form 8857 offers three types of innocent spouse relief.
US TaxThe difference between an IRS federal tax lien and an IRS levy. A lien and a levy are not the same thing, and confusing them leads to wrong decisions.
US TaxSince 2018, the IRS can certify a taxpayer's seriously delinquent tax debt to the State Department, which then denies passport applications.
US TaxIRS statutes of limitation for assessment and collection. The 3-year, 6-year, 10-year, and unlimited rules, plus the tolling events that extend each one.
US TaxWhen and how to use the IRS Taxpayer Advocate Service. It is not a shortcut, not an appeals process, and not a complaint hotline.
Cross-BorderAn ITF account at a Canadian bank looks simple but triggers Canadian attribution rules, plus foreign trust reporting when a parent or child is a US person.
Cross-BorderThe tax consequences aren't simple at all, and they get worse when one of those names belongs to a US citizen or green card holder.
Cross-BorderSince 1986, IRC 1(g) has required that a child's unearned income above a threshold be taxed at the parent's marginal rate, not the child's.
US TaxLaw firms write off 10-15% of recorded time before billing, then collect only 85-90% of what they bill.
US TaxThe chart of accounts must reflect all of this, or the financial statements will not tell the partners how the firm is actually performing.
US TaxIOLTA interest goes to the state bar foundation, not the lawyer or client. Before IOLTA, these funds sat in non-interest-bearing trust accounts.
US TaxA data breach at a law firm does not just expose names and Social Security numbers (like a retail breach).
US TaxFor most law firms the entity question is really the S-corp question: whether to split owner income into salary and distributions.
US TaxA law firm partner's pay arrives as guaranteed payments and a distributive share on the K-1, and both carry self-employment tax.
US TaxLaw firm partners can defer over $200,000 a year by stacking a solo 401(k) with a cash balance plan. How each plan type works and the contribution limits.
US TaxA law firm without a succession plan loses value when a founding partner exits. It loses the client relationships that partner built over decades.
US TaxLaw firms have deductions other businesses do not: malpractice insurance, bar dues, CLE, and legal research subscriptions.
Cross-BorderLife insurance is one of those things that works beautifully in one country and then falls apart when you add the other country's tax rules.
US TaxSeparate LLCs isolate liability, not tax. The reason for multiple LLCs is liability isolation, not tax benefit.
US TaxFor any gift of $250 or more the donor's deduction depends on your letter: the amount, whether goods or services were provided, their value.
US TaxTax-exempt organizations under IRC 501(c) were eligible for the Employee Retention Credit (ERC) on the same basis as for-profit employers.