OBBBA One Year Later: What Changed for Small Business Owners in 2026

Steve Perry

Published on: 01/09/2026

This article explains how the OBBBA made key small business deductions permanent, while new IRS reporting thresholds mean planning and record keeping matter all year, not just at filing.

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Partnership Tax Problems That Turn Into Expensive IRS Notices

Steve Perry

Published on: 18/08/2026

Partnership tax risk continues after Form 1065 is filed. See how IRS matching, audit rules, and notice deadlines affect partnerships and partners year-round.

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Shareholder Distributions vs. Payroll: Understanding the Difference Before the IRS Does

Steve Perry

Published on: 13/08/2026

Wages and distributions follow different tax rules. Learn why the IRS looks at substance over labels and how uncategorized withdrawals create payroll and basis risk.

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Reasonable Compensation: The IRS Rule Many S Corporation Owners Ignore

Steve Perry

Published on: 12/08/2026

Reasonable compensation is a year-round payroll requirement, not a filing formality. Learn why the correction window closes at year end and how the IRS spots the mismatch.

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