The Form 1099-K Gap: Reconciling Payment App and Card Income Before It Is Reported

Steve Perry

Published on: 04/11/2026

Your Form 1099-K reports gross card and app activity, not net sales. Learn how to reconcile processor totals with your books before January 31 with Steve Perry, EA.

Form 1099-K reconciliationForm 1099-K gross amountpayment app income reportingcard processor 1099-K1099-K wrong tax IDcorrected Form 1099-K1099-K personal paymentsCP2000 1099-K mismatchentity change card terminalyear end bookkeeping reconciliation$20000 1099-K thresholdIRS information matchingsmall business IRS noticeSteve Perry EABooks Taxes & More

Your 2026 Return Is Already Being Built: The Forms the IRS Will Match Against You

Steve Perry

Published on: 03/11/2026

Your 2026 return is already being built from W-2s, 1099s, and K-1s. Learn how IRS matching works and what to organize before year end with Steve Perry, EA.

IRS information matchingForm 1099-K threshold 2026Form 1099-NEC $2000 thresholdForm 1099-DA basis reportingCP2000 noticeAutomated UnderreporterIRS notice responseyear-end tax planningbusiness owner tax recordsbonus depreciation equipment purchaseStatutory Notice of Deficiencyamended return late K-1IRS risk managementSteve Perry EABooks Taxes & More

S-Corporation Basis Before Year End: Protect Losses and Distributions

Steve Perry

Published on: 22/10/2026

S-Corporation basis is measured December 31. Steve Perry, EA explains how contributions and shareholder loans restore basis to protect losses and avoid taxable distributions.

S-Corporation shareholder basisS-Corp basis year endstock basisdebt basisshareholder loan basiscapital contribution S-Corporationsuspended lossesdistributions in excess of basistaxable S-Corp distributionsForm 7203Schedule K-1 lossesbasis ordering rulesequipment purchase depreciation S-Corporationfirst year depreciationyear end tax planningIRS examination S-Corporationsmall business tax planninghigh net worth tax planningSteve Perry EABooks Taxes & MoreAtlanta tax professional

January 15 Estimated Tax: Recalculating Safe Harbor After Filing

Steve Perry

Published on: 21/10/2026

Your filed 2025 return sets the safe harbor for 2026 estimates. Steve Perry, EA explains how to recalculate the January 15, 2027 payment before penalties build.

January 15 estimated tax paymentfourth quarter estimated taxsafe harbor estimated tax110 percent safe harborestimated tax penaltyunderpayment penaltyForm 2210Form 1040-ESannualized income methodextension filers estimated tax2026 estimated tax paymentsprior year safe harborequipment purchase tax deductionIRS underpayment interest rateIRS online accountsmall business tax planninghigh net worth tax planningSteve Perry EABooks Taxes & MoreAtlanta tax professional