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 the California Franchise Tax Board installment agreement, showing that Revenue and Taxation Code section 19008 requires the agency to accept an agreement when five conditions are met and bars a levy while the request is pending
September 12, 2026 · Tax Planning

FTB Installment Agreement: 2026 Approval Rules

An FTB installment agreement is mandatory under R&TC 19008(b) when five conditions are met. What approval turns on, and what it does…

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Guide to selling rental property taxes after moving to Florida in 2026, covering the four separate tax layers, why the depreciation layer is not ordinary income, and the state layer that changes after a relocation
September 12, 2026 · Tax Planning

Selling Rental Property Taxes After a Move 2026

Selling rental property taxes after a Florida move: the 25 percent section 1250 layer, closing table withholding, and released passive losses.

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Cape Coral tax preparation guide for 2026 covering what changes in the year of a move to Lee County, explaining that Florida imposes no individual income tax return while the departure state generally still requires a part-year resident return, and that a canal home rented seasonally is governed by its own allocation rules
September 11, 2026 · Tax Planning

Cape Coral Tax Preparation: 2026 Lee County Guide

Cape Coral tax preparation for new Florida residents: the move-year part-year return, 4 U.S.C. 114 on pensions, canal-home rentals, and storm losses.

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Guide to the Georgia corporate net worth tax explaining that Form 600 and Form 600S carry two separate corporate taxes, an income tax on taxable net income and an annual net worth tax that ignores profit entirely and falls due on the first day of the tax period rather than after the year has closed
September 11, 2026 · Tax Planning

Georgia Net Worth Tax: Who Owes It and What It Costs

The Georgia net worth tax is a fixed dollar table from $125 to $5,000, due at the start of the tax year,…

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Guide to IRS Form 5472, the Information Return of a 25 percent Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business, showing that a foreign-owned single-member LLC must report related party transactions and that the penalty for failing to file is 25,000 dollars per return
September 11, 2026 · International Tax

Form 5472: Foreign-Owned U.S. Entities 2026

Form 5472 reports transactions between a U.S. entity and its foreign owners. Who must file, the $25,000 penalty, and the pro forma…

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Guide to Georgia amended individual income tax returns on Form 500X explaining that two separate deadlines apply, one governing a claim for refund and a second shorter deadline governing the reporting of a federal change, with the warning that missing the second deadline forfeits part of the taxpayer overpayment
September 10, 2026 · Tax Planning

Georgia Amended Tax Return: Form 500X Deadlines

A Georgia amended tax return runs on two clocks: a three year refund window and a 180 day federal change deadline. Here…

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Guide to qualified charitable distribution rules for 2026, showing that the annual exclusion ceiling under IRC section 408(d)(8) is 111,000 dollars per individual and that the exclusion reaches the tax return only because the taxpayer claims it, since no source document from the custodian computes it automatically
September 10, 2026 · Tax Planning

Qualified Charitable Distribution Rules 2026

Qualified charitable distribution rules for 2026: the $111,000 limit, who qualifies, how to report it, and what voids the exclusion.

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IRS CP501 notice guide for 2026, explaining that the CP501 is the first reminder in the IRS collection notice sequence, that the assessment and the statutory lien under IRC section 6321 already exist, and that no enforcement action has yet begun
September 10, 2026 · IRS Resolution

IRS CP501 Notice: What It Means and Next Steps 2026

An IRS CP501 notice is a reminder that a tax balance is unpaid. See where it sits in the collection sequence and…

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Georgia pass through entity tax guide for 2026 explaining that the entity level election rate is the applicable statutory rate rather than the widely published 5.75 percent, and that the federal state and local tax deduction cap the election was designed to work around has been changed
September 9, 2026 · Tax Planning

Georgia Pass Through Entity Tax: 2026 Election

The Georgia pass through entity tax rate is not 5.75 percent for 2026. Here is the current rate, who may elect, and…

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Guide to whether a divorce settlement is taxable in 2026, explaining that the property division itself produces no gain or loss under IRC section 1041 while the execution date of the alimony instrument, retirement account withdrawals and carryover basis are what actually create a tax liability
September 9, 2026 · Tax Planning

Is a Divorce Settlement Taxable? 2026 Rules

Is a divorce settlement taxable? Property division is not, under IRC 1041. Alimony dates, IRA withdrawals and carryover basis are what create…

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