Blogs

Quick overview: The IRS is retiring its FIRE system and moving affected information return filings to IRIS for the 2027 filing season. This change affects businesses that submit forms such...

Quick Overview: Form 5472 can create important reporting responsibilities for foreign-owned U.S. LLCs, including those treated as disregarded entities. This blog explains when the form applies, which transactions may be...

Quick Overview: The federal reporting threshold for certain business payments increased from $600 to $2,000 in 2026. This change affects specific Forms 1099, but it does not apply to every...

Quick Overview: The IRS has updated its guidance for gig workers and self-employed professionals to clarify federal tax reporting requirements. This blog explains who qualifies as a gig worker, the...