Insights & Tax Guidance

Practical, plain-English articles on tax, accounting, and running a smarter business, from Jason Brett, CPA.

Form 5471 Basics: Who Files and Why It Matters

Form 5471 explained in plain English: who must file, the five filing categories, what the form reports, and when it is due.

The Foreign Earned Income Exclusion and the Foreign Tax Credit both keep expats from being taxed twice on the same income, but…

Many people learn about foreign account and foreign income rules after the fact. If you are behind, the IRS has a defined…

The FBAR and Form 8938 sound like the same thing, but they are separate forms with different rules, and many people with…

Since the 2018 Wayfair decision, you can owe sales tax in states you never set foot in. Here is how economic nexus…

Start your business the right way with a simple ordered checklist: choose an entity, register, get an EIN, open a business account,…

Clean books mean a calmer tax season and every deduction claimed. Here are the habits, the cash vs. accrual choice, and why…

Got an IRS notice or unfiled back taxes? Here are your real options: payment plans, Offer in Compromise, penalty relief, and what…

The IRS treats crypto as property, so most sells, trades, and rewards are taxable. Here is how trading, staking, and DeFi are…

Most people overpay because they only think about taxes in April. Here are the year-round strategies that legally lower your tax bill,…