Foreign financial reporting is no longer just about Swiss bank accounts. Today, U.S. taxpayers may have foreign brokerage accounts, international retirement plans, and cryptocurrency held on offshore exchanges — all of which can trigger complex reporting obligations under FBAR and FATCA. While many taxpayers assume these filings are minor disclosures, recent court cases make clear that the penalties for late or missing FBAR filings can be significant — even when no tax was ow

If you're a freelancer, sole proprietor, or small business owner, filing Schedule C with your tax return is part of your routine. But it’s important to know that some entries on that form can raise questions with the IRS. While most small businesses won’t face an audit, certain red flags can increase your chances of receiving IRS correspondence, a notice, or a closer look at your return.

Remote worker conference call Remote and hybrid work are no longer temporary solutions — they are permanent features of today’s business landscape. For small and mid-sized businesses, this shift has created a new layer of tax and payroll complexity that is often overlooked until a notice arrives from a state tax agency. If you have employees working remotely in other states — even just one — your business may already have multi-state payroll obligations. Failing to handle the