The Ultimate Guide to IRS Form 944 for the 2024 Tax Year
At XOA TAX, we know that dealing with employment taxes can feel like walking a tightrope. Especially for small business owners. That’s why we’ve created this guide to IRS Form 944 for the 2024 tax year. Whether you’re an employer who needs to file or an employee just curious about how it all works, we’ll […]
Tax Extension Deadline 2025: Don’t Miss the Date!
Tax season is here, and we know it can be a busy time. Between gathering all your documents and making sure everything is accurate, it’s easy to feel a bit overwhelmed. But don’t worry—if you need more time to file, you’re not alone! The IRS offers a tax extension that gives you until October 15, […]
A Guide to Form 8858 and Foreign Disregarded Entities for U.S. Taxpayers
As a U.S. taxpayer with interests in a foreign business, navigating international tax regulations can be complex. One crucial aspect to understand is Form 8858 and its relevance to foreign disregarded entities (FDEs). At XOA TAX, we often help clients with these matters, and we’ve prepared this guide to shed light on this important topic. […]
Shareholder Loans: A Comprehensive Guide to Tax Implications and Best Practices
Understand the tax advantages and potential pitfalls of shareholder loans for your small business with this comprehensive guide covering types, uses, IRS regulations, and strategic tax planning.
Facing an IRS Audit Without Receipts? Here’s What to Do
Learn how to navigate an IRS audit even without receipts, utilizing the Cohan Rule, alternative documentation, and expert guidance from XOA TAX.
Shopify Accounting: A Comprehensive Guide for E-commerce Success
This comprehensive guide simplifies Shopify accounting, covering everything from sales tax compliance and inventory management to navigating multi-channel sales and modern e-commerce challenges.
Navigating Form 8594: A Comprehensive Guide for Business Acquisitions
This comprehensive guide explains IRS Form 8594, detailing its requirements, the seven asset classes, the residual method, tax implications, and potential penalties for non-compliance, helping businesses navigate the complexities of asset acquisitions.
Form 8865: What You Need to Know About Reporting Foreign Partnerships
Understand the complexities of Form 8865, the Return of U.S. Persons With Respect to Certain Foreign Partnerships, including filing requirements, deadlines, penalties, and how it relates to GILTI, Subpart F income, and other international reporting forms like Form 8938 and FBAR.
Navigating the Maze of Business Tax IDs: Your Complete Guide
Starting a business is an exciting journey, but it’s important to be prepared for the legal and financial requirements that come with it. Understanding your tax obligations is crucial, and that begins with obtaining the necessary tax identification numbers. This guide will walk you through everything you need to know about State Tax IDs and […]
10 Common Amazon Bookkeeping Mistakes & How to Avoid Them
Avoid costly bookkeeping mistakes that can sink your Amazon business by learning 10 common errors and how to prevent them for smooth financial sailing.
