Question 1

When are my federal taxes due in 2026?

Accepted Answer

April 15, 2026 for individual 1040 returns. March 16, 2026 for S-Corps and Partnerships. Extensions push to October 15 but do not extend payment deadlines.

Question 2

Do I need to file if I made under $14,600?

Accepted Answer

Generally no for 2025, but you should still file to claim refundable credits like EITC or recover any withheld taxes.

Question 3

Can I e-file an amended return?

Accepted Answer

Yes. Form 1040-X has supported e-filing since 2020 for the current and two prior tax years.

Question 4

What's a reasonable S-Corp salary?

Accepted Answer

There's no formula — it must reflect what a similar role would earn in your market. We typically benchmark using BLS data and industry comps.

Question 5

Do I need a separate bank account for my LLC?

Accepted Answer

Legally yes — commingling funds risks piercing the corporate veil. Practically, it also makes bookkeeping 10x easier.

Question 6

When should I start charging sales tax?

Accepted Answer

After exceeding the economic nexus threshold in a state — usually $100K of sales or 200 transactions, but it varies.

Question 7

How do I pay quarterly estimated taxes?

Accepted Answer

Use Form 1040-ES or pay online at IRS Direct Pay. Due dates: April 15, June 15, September 15, and January 15.

Question 8

What's deductible as a home office?

Accepted Answer

The portion of your home used regularly and exclusively for business. Either actual expenses (% of home) or simplified method ($5/sq ft up to 300 sq ft).

Question 9

I got a CP2000 notice — what do I do?

Accepted Answer

It's a proposed adjustment, not a bill. You have 30 days to respond. Don't ignore it. We handle CP2000 responses regularly.

Question 10

Can I set up a payment plan with the IRS?

Accepted Answer

Yes. Online installment agreements are available for balances under $50,000 (individuals) or $25,000 (businesses).

Question 11

What triggers an IRS audit?

Accepted Answer

Round numbers, persistent Schedule C losses, large home office claims, missing 1099s, and unreported crypto are common triggers.

Question 12

How long does an audit take?

Accepted Answer

Correspondence audits resolve in 3–6 months. Field audits average 12–18 months. Having organized records cuts both timelines significantly.

The questions we answer most.

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