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

Social Security - Totalization Agreements The U.S. Social Security system generally requires individuals to earn a minimum amount of covered work in order to qualify for retirement, disability, or survivor benefits. For U.S. citizens and lawful permanent residents who spend part of their careers working outside the United States, meeting these requirements can be challenging. To address this issue, the United States has entered into Social Security Totalization Agreements wit

FSA and HSA can be used for medical bills. As the year comes to a close, many taxpayers focus on filing deadlines and overlook one of the simplest ways to reduce their tax bill: properly funding their Health Savings Account (HSA) or Flexible Spending Account (FSA). These accounts offer powerful tax advantages, but only when eligibility rules and deadlines are clearly understood. Health Savings Accounts are available to individuals enrolled in a qualifying high deductible heal

This webinar recap breaks down the essentials of U.S. taxes for expats, including worldwide income rules, FEIE vs. FTC, PFIC reporting, FBAR/FATCA requirements, foreign business filings, and state residency issues. Watch the full video and learn how to stay compliant while living abroad.

When you support a cause you care about—whether it’s disaster relief abroad, an overseas animal rescue, or a global education nonprofit—it’s natural to assume your generosity will also help at tax time.

Join me for a clear, practical webinar designed for U.S. expats and anyone with foreign assets. We’ll cover who must file, what income is taxable, key foreign asset reporting rules, and common mistakes to avoid. Perfect for Americans abroad, dual citizens, and global families who want to stay compliant with confidence.

Many taxpayers are surprised to learn this: if you never filed a tax return, the IRS can legally go back forever. There is no statute of limitations on unfiled returns. The clock only starts once a return is filed. So why does the IRS talk about a 6-year rule? Because while the IRS can  demand every unfiled year, they generally don’t. The 6-year rule is an IRS administrative policy, not a legal limit—but it matters when you’re trying to get back into compliance. No Statute of

Getting a big tax refund isn’t a win—it’s a sign you gave the IRS an interest-free loan all year. Learn why refunds drain your cash flow and how smarter withholding keeps more money in your pocket.

Every Veterans Day, we take a moment to honor those who’ve served — and at MKHS Tax Group, we also want to help them make the most of the tax benefits they’ve earned. Whether you’re retired, transitioning out of active duty, or still serving, there are important federal and state tax provisions designed to support veterans and their families.

Learn how timing income and deductions across borders can optimize U.S. and foreign tax outcomes for expats, remote workers, and global entrepreneurs.

If you’ve ever received money from abroad — whether it’s from freelance work, consulting, or royalties — the IRS wants to know. U.S. taxpayers may need to report those payments using Form 1099 (for U.S. payees) or Form 1042-S (for foreign payees).

When Congress fails to pass a budget or temporary funding bill, the federal government enters what’s known as a shutdown.