Navigate tax season like a savvy ex-IRS agent.

The Best U.S. State to Incorporate for Entrepreneurs

The Simple Concept of Basis for S Corporation Stock

When you own stock in an S corporation, it's important to know how to calculate your basis. This article from Bench Accounting explains everything you need to know.

6 Common IRS Penalties and How to Avoid Them

In this guide you'll learn all there is to know about IRS Penalties: consequences, tips on avoiding them, how to stay compliant and more.

Do I Need Historical Bookkeeping if I Haven't Filed My Taxes in Years?

If you haven’t filed your taxes in years, historical bookkeeping may seem unnecessary. But it’s actually critical for getting caught up. Here's three helpful tips to get you started.

Five Ways to Pay Off IRS Tax Debt

Unpaid tax debt affects many small business owners, but paying back that debt doesn't have to be stressful with these five tips.

How to Handle a 1099 Late Filing Penalty

The tax deadline is coming up quickly, and it’s important to file a 1099 by the January 31st deadline. Learn more about what penalties may occur if you fail to file your form in time.

How Much Do Tax Relief Companies Charge?

If you owe a substantial amount in back taxes, you may have considered hiring a tax relief company. But how much will that cost you—and is it worth it?

How Does the IRS Collect Unpaid Taxes?

The IRS can collect unpaid taxes through levies, liens, and offsetting tax refunds, unless you negotiate a payment plan.