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.

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2027 Tax Changes and OBBBA: A Fourth Quarter Planning Guide

Steve Perry

Published on: 20/10/2026

Steve Perry, EA explains how 2027 inflation adjustments and OBBBA changes interact with IRS matching and year end deadlines, with a fourth quarter planning framework.

2027 inflation adjustments2027 tax brackets2027 standard deductionOBBBA 2027 changesOne Big Beautiful Bill ActWorking Families Tax Cutsfourth quarter tax planningyear end tax planning1099 reporting threshold 2027SALT cap 2027estate tax exemption 2027scholarship tax creditOpportunity Zones 2027bonus depreciationequipment purchase tax deductionIRS matchingCP2000 noticeIRS noticessmall business tax planninghigh net worth tax planningSteve Perry EABooks Taxes & MoreAtlanta tax professional

October 15 Tax Deadline: Superseding Returns, Amended Returns, and Elections

Steve Perry

Published on: 13/10/2026

October 15 is the last day to fully rewrite your return and make key tax choices on your own terms. See what business owners on extension should review before the window closes.

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