Insights

Tax and business guidance — in plain language.

Short reads on IRS resolution, tax planning, and running a small business well. Written for real situations, not textbook ones.

IRS Resolution

If you owe the IRS money: what to know about the statute of limitations on collection

The IRS generally has ten years to collect an assessed tax debt — but the clock can pause. Here's how to think about it.

For Business

Choosing between an S corporation and a C corporation: it's about more than tax rates

Entity selection is a long-term decision that touches taxes, payroll, ownership, and exit. A framework for making the call.

IRS Resolution

IRS automatic penalty relief for normally compliant taxpayers

When and how the IRS grants first-time and reasonable-cause penalty abatement — and how to actually request it.

Tax Planning

Beat the SALT cap: how PTET lets pass-through owners reclaim state tax deductions

The pass-through entity tax election gives S-corp and partnership owners a workaround worth understanding.

For Business

Mid-year optional vehicle mileage rate updates

Standard mileage rates change more often than most people realize. Here's how to keep documentation clean.

Tax Planning

Timing capital gains for Qualified Opportunity Funds

The QOF deferral has strict timing rules. A short primer on how the deferral, reduction, and exclusion actually work.

For Business

How to pay for college without regret

529s, tax credits, cash flow — and the trade-offs families should think through before writing tuition checks.

Article summaries shown for editorial preview. Full articles publish on the Top Level Tax Solutions blog.