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Latest Guide📋Tax & Compliance

Understanding Federal Tax Obligations for Foreign-Owned LLCs: Form 5472, 1120, and FBAR

Complete guide to Form 5472, Form 1120, and FBAR for foreign LLC owners. Deadlines, penalties, and filing requirements explained with practical examples.

6 min readMay 28Read Guide
📋Tax & Compliance

LLC Owner Distributions: How to Pay Yourself and Keep Your Corporate Veil Intact

When to take owner draws vs. S-Corp distributions, the quarterly estimated tax calendar, the most common commingling mistakes that destroy liability protection, and how to transition to S-Corp payroll.

4 minRead →
📋Tax & Compliance

S-Corp Election Deep Dive: Form 2553, Reasonable Salary, and the $50,000 Profit Threshold

The exact Form 2553 filing deadline, how to define a defensible reasonable salary, what running S-Corp payroll actually costs, and the hidden state-level taxes that change the math.

5 minRead →
📋Tax & Compliance

LLC Owner Draws and Quarterly Estimated Taxes: Avoiding the April Surprise

How Single-Member LLC owners calculate and pay quarterly estimated taxes (Form 1040-ES), the exact payment deadlines, the underpayment penalty rate, and the step-by-step process for executing draws without triggering IRS issues.

4 minRead →
📋Tax & Compliance

Single-Member LLC Owner Draws: The Documentation System That Protects Your Liability Shield

How to set up a bulletproof owner draw process for your SMLLC — the 30% tax reserve rule, memo line requirements, draw frequency best practices, and how to avoid commingling funds.

4 minRead →
📋Tax & Compliance

How to Cut Your US Tax Bill: S-Corp Election, Section 199A QBI, and Section 179

Three legal strategies to reduce your US business tax burden — the S-Corp salary/distribution split, the 20% Qualified Business Income deduction, and Section 179 equipment expensing.

4 minRead →

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