IRS Form 2553: How to Elect S Corp Status
Electing S corporation tax treatment is one of the most impactful tax decisions a small business owner can make. Done at the right time and for the right reasons, it can reduce self-employment taxes significantly, improve cash flow, and unlock the benefit of the...- All
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Amazon Tax Exempt: A Complete Guide to the Program
Resellers purchasing inventory for resale. This is the most common category for Amazon sellers. The buyer exemption code is “RESALE.” If you buy products on Amazon and resell them, you likely qualify under this category. Charitable organizations with...Tax Implications of Business Trusts: What You Need to Know
A business trust can protect your assets, simplify succession planning, and reduce what your heirs owe at your death. But trusts also come with their own tax obligations, some of which are more burdensome than individual tax rules. Understanding the tax implications...SaaS Sales Tax by State: What You Need to Know in 2026
Sales tax compliance is one of the most underestimated risks for SaaS companies. A retail business ships physical goods to known locations. A SaaS company can trigger tax obligations in dozens of states at once, often without realizing it, simply by signing up...What Does “Materially Participate” Mean? The IRS Rules Explained
If you own an interest in a business, a partnership, or a rental property, the IRS draws a sharp line between active and passive involvement. Which side of that line you fall on determines whether you can use losses from that activity to offset your other income,...Book your session now!
Tax is Planning Pt. 3: The S-Corp Exit Path
Tax strategists don’t have crystal balls. We don’t know where our clients are going. A better metaphor for strategy is a map. A good advisor can show the paths available, the traps in the terrain, and help estimate where the treasure may lay. In Part 1 of...Estimated Taxes for C Corporations: A Step-by-Step Guide
C corporations operate under a pay-as-you-go tax system. Rather than settling the full tax bill at year-end, the IRS requires C corps to make quarterly estimated payments throughout the year. Miss a deadline or underpay, and penalties start accruing immediately. This...IRS Form 4797: What It Is and How to File It Correctly
When you sell business property at a gain, the IRS does not treat that transaction the same way it treats the sale of a personal asset. Holding period, property type, and prior depreciation claims all determine how your gain gets taxed and where it gets reported. For...Tax is Planning Pt. 2: The Voyage Home. Navigating the C-Corp Exit Through QSBS
In Part I of this series, we read the map. We looked at the fork every founder eventually reaches, S-corp or C-corp and traced the terrain on either path. Today, the map is behind you. X marks the spot, and it’s sitting right in front of you: LOI signed,...What’s Changing in Tax Strategy Right Now And What to Do About It
What’s Changing in Tax Strategy Right Now And What to Do About It Based on a recent episode of Beyond the Bottom Line with Miguel Alexander Centeno If you’ve been waiting for tax law to stop shifting before making moves, the wait is over. For the first...Summit 2026 in Breckenridge: Why We Step Away to Build Better
Summit 2026 in Breckenridge: Stronger Together, Better for Our Clients We just wrapped up another unforgettable Centurion Summit, this time surrounded by the mountains of Breckenridge, Colorado. Each year, our summit gives us something that’s difficult to create...Blog Archives
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