Practical Tax Insights & EA Exam Resources from a U.S. Enrolled Agent
Starting January 1, 2026, the One Big Beautiful Bill Act imposes a 1% federal excise tax on certain outbound remittances from the U.S. This article explains who is affected, which transfers to Korea may be taxed, how the new rules interact with gift and reporting rules, and what practical steps you can take to reduce unnecessary costs.
A complete 2025 FATCA guide explaining Form 8938 thresholds, reportable assets, filing steps, penalties, and EA-level compliance tips.
An easy EA-explained guide to reading your own Form 1040 line by line — understand AGI, taxable income, refunds and credits with clear examples and official IRS references.
In 2025, S corporations remain one of the most tax-efficient business structures in the U.S. Learn how they work, their major advantages, and how they compare to LLCs — all in plain English.
A clear 2025 guide to S Corporation eligibility: shareholder limits, one-class-of-stock rules, family election, and Form 2553 filing steps explained in plain English for small-business owners.