Tax planning notes, IRS updates & founder takes

Plain-English guidance from our team of tax advisors and consultants on the moves that matter most for business owners and families.

Guide to Form 8621 and passive foreign investment company reporting in 2026, covering who must file for foreign mutual funds and ETFs, the 25,000 dollar exception, the QEF and mark-to-market elections, and a worked excess distribution example
September 30, 2026 · International Tax

Form 8621: PFIC Reporting Rules for 2026

Form 8621 explained for 2026: who must file for a PFIC, the $25,000 exception, QEF and mark-to-market elections, and a worked excess…

Read full article
Guide to the California Franchise Tax Board offer in compromise for 2026 under Revenue and Taxation Code section 19443, covering the lump sum requirement, the best interest of the state decision that cannot be appealed, and how the process applies after a move from California to Florida
September 29, 2026 · Tax Planning

FTB Offer in Compromise: How California Decides (2026)

An FTB offer in compromise under R&TC 19443 must be one lump sum, and the best interest decision cannot be appealed. How…

Read full article
Guide to the Georgia Department of Revenue payment plan for 2026: up to 60 months to pay, a $25 minimum monthly payment, interest at 9.75 percent for calendar year 2026, continued offset of refunds, and a waiver of protest and appeal rights on the mailed Form GA-9465
September 29, 2026 · Tax Planning

Georgia Department of Revenue Payment Plan: 2026 Rules

Georgia Department of Revenue payment plan rules for 2026: the 60 month limit, fees, 9.75 percent interest, and the appeal rights you…

Read full article
Guide to qualified opportunity fund rules for 2026 and 2027 explaining that gains deferred under the original opportunity zone rules are taxed on December 31, 2026 and that investments made after that date follow new permanent rules with a rolling five-year deferral
September 29, 2026 · Tax Planning

Qualified Opportunity Fund Rules for 2026 and 2027

A qualified opportunity fund investor is taxed on deferred gain December 31, 2026. The original rules, the 2027 rules, Form 8997, and…

Read full article
Massachusetts estate tax for Florida residents: after a move to Florida the tax still reaches Massachusetts real estate and tangible property such as a Cape house or Boston condominium, computed under the August 2025 nonresident method
September 28, 2026 · Tax Planning

Massachusetts Estate Tax for Florida Residents 2026

Massachusetts estate tax after a move to Florida: what a nonresident owes on a Cape house or Boston condo, the August 2025…

Read full article
Guide to GILTI for individual United States shareholders of a controlled foreign corporation in 2026, covering the rename to net CFC tested income, the section 962 election to be taxed at corporate rates, the high-tax exclusion above an 18.9 percent effective foreign rate, and a worked example
September 28, 2026 · International Tax

GILTI for Individual Shareholders in 2026

GILTI for individual U.S. shareholders in 2026: the net CFC tested income rename, the section 962 election, the high-tax exclusion, and a…

Read full article
Guide to the IRS CP523 notice in 2026, covering what an installment agreement default means, the 30 day window to cure or appeal under IRC section 6159, the 90 day levy hold in IRM 5.14.11, the Collection Appeals Program, and how to reinstate a payment plan
September 28, 2026 · IRS Resolution

IRS CP523 Notice: Payment Plan Default 2026

An IRS CP523 notice means your payment plan is in default. The 30 day cure window, the 90 day levy hold, CAP…

Read full article
Guide to spousal lifetime access trusts in 2026 explaining that a SLAT moves future growth out of both spouses estates while the beneficiary spouse keeps access, and that with the 15 million dollar exclusion no longer scheduled to sunset the case rests on growth rather than a deadline
September 27, 2026 · Estate Planning

Spousal Lifetime Access Trust (SLAT) Rules for 2026

A spousal lifetime access trust moves growth out of both estates while a spouse keeps access. The 2026 rules, reciprocal trust risk,…

Read full article
Pennsylvania inheritance tax for Florida residents: after a move to Florida the tax still reaches Pennsylvania real estate and tangible property, while stocks, bonds, IRAs and bank accounts of a nonresident decedent are exempt
September 26, 2026 · Tax Planning

Pennsylvania Inheritance Tax for Florida Residents 2026

Pennsylvania inheritance tax still reaches a Florida resident's Pennsylvania real estate. What is taxed, the nonresident return, rates and planning.

Read full article
Guide to the Georgia research tax credit for 2026: a credit of 10 percent of Georgia qualified research expenses above a base amount tied to Georgia gross receipts, limited to 50 percent of the remaining Georgia income tax, with any excess usable against Georgia payroll withholding
September 25, 2026 · Tax Planning

Georgia R&D Tax Credit: How the Offset Works

Georgia R&D tax credit for 2026: the 10% credit, the base amount, the 50% cap, the 5-year carryforward, and the Form IT-WH…

Read full article

Topics

Free Tax Tools & Research: IRS Penalty & Interest Calculator · IRS Underpayment Penalty Calculator · Quarterly Estimated Tax Calculator · Self-Employment Tax Calculator · California Estimated Tax Penalty Calculator · Georgia Estimated Tax Penalty Calculator · FBAR Penalty Calculator · Florida 183-Day Rule Calculator · IRS Data & Research