IRS AEP 2026: Automatic Penalty Relief and the Reasonable-Cause Tradeoff
The IRS Automatic Exemption from Penalty program can prevent certain filing, payment, and deposit penalties from being assessed for eligible taxpayers. Here is what small businesses should check.
When the Tax Preparer Is the Fraud: A Las Vegas Case and What It Means for the Client
A Las Vegas tax preparer and her son pleaded guilty this spring to a scheme that sought more than $5 million in fraudulent refunds from the IRS. The case is a useful reminder of something most taxpayers never think about: when a preparer cheats, the client is rarely the one who walks away clean. What…
IRS Enforcement in 2026: The Quiet Shift to Automated Compliance
If you hear from the IRS in 2026, the odds are high it won’t be from a person. It will be a computer-generated letter triggered by a data mismatch, sent before any examiner has looked at your return. That shift is the single most important thing small business owners and self-employed taxpayers need to understand…
DEXIT: Why Companies Are Leaving Delaware and Where They’re Going Instead
If you’ve incorporated your business in Delaware, you’re not alone. For decades, Delaware has been the default choice for American companies, from startups to Fortune 500 giants. Over 1.9 million business entities call Delaware home, and roughly two-thirds of Fortune 500 companies are incorporated there. Yet something has shifted. A movement now known as “DEXIT”…
Money In, Money Out: What Gaming and Fintech Operators Should Prepare Before a Processor Asks
What gaming and fintech operators should prepare before a payment processor, regulator, or partner reviews AML/CFT program ownership and controls.
BOI Reporting: The Rollercoaster Ride Is Over for U.S. Small Businesses
If you are a small business owner who has been following the Beneficial Ownership Information (BOI) reporting saga, you have likely experienced whiplash. Over the past 18 months, the Corporate Transparency Act (CTA) and its BOI reporting requirements have been challenged in court, frozen by injunctions, reinstated by the Supreme Court, and ultimately gutted by…
Understanding Tax Reporting Requirements for Online Sweepstakes Operators
Corrected July 29, 2026: The prior version stated the former $600 threshold. For qualifying 2026 prize payments, the federal Form 1099-MISC reporting threshold is $2,000. This correction also addresses the IRS Information Returns Intake System transition, foreign-recipient scope, and the fact-specific distinction between prizes that do and do not involve a wager. The reporting threshold…
What Investors and Regulators Can Learn from Silicon Valley Bank’s Collapse
Silicon Valley Bank (SVB) was closed by the California Department of Financial Protection and Innovation (DFPI) citing inadequate liquidity and insolvency. DFPI determined that SVB was no longer able to operate safely and soundly and placed the bank under conservatorship or receivership. DFPI has turned over the receivership of SVB to the Federal Deposit Insurance…
Small Transactions, Big Impact: How the New 1099-K Rules Affect You
Discover how the new 1099-K rules will impact online sellers in 2023. Learn what you need to know and how to stay compliant in our latest blog post.
Streamline Your Startup with Atlas: Everything You Need to Know
So, you’re looking to start a business and have come across the Atlas incorporation service offered by Stripe? Well, the Atlas service can certainly simplify the process of setting up a company in Delaware and offers several valuable benefits for founders. It’s not the first as sites such as legalzoom, incfile, bizfilings, and other have…
