Resources
Plain-language explanations of the tax questions small business owners and self-employed professionals actually ask — deadlines, notices, entity choices, and multi-state rules. Written by Fahadun Nabi, founder of Blue Sage Tax and Accounting Inc..
7 Accountants for Property Investors to Compare in 2026
For a portfolio with four rentals across New York and New Jersey, one short-term rental, and a planned 1031 exchange, the right accountant should understand depreciation, basis, passive-activity…
10 Oct 2026IRS Audit Representation Cost: What to Expect in 2026
IRS audit representation cost isn't a fixed government fee. As practical planning benchmarks, a correspondence audit response may cost $1,500 to $3,500, while a business or multi-year field…
9 Oct 2026Trust and Estate Accounting Explained
A family member serving as executor or trustee often discovers that trust and estate accounting is far more than recording deposits and paying bills. It is the disciplined…
7 Oct 2026What Is Carried Interest and How Does It Work
Carried interest is a partnership profits interest that gives a fund manager a share of future investment profits in exchange for managing the fund, not in exchange for…
6 Oct 2026Real Estate Fund Accounting: A Complete Practical Guide
Real estate fund accounting is the systematic tracking, reporting, and valuation of a real estate investment fund's capital, assets, and investor distributions under applicable GAAP or tax rules.…
5 Oct 2026Estate Tax Portability: The Complete Guide for NY Couples
In 2026, the federal estate and gift tax exemption is $15 million per person, and estate tax portability may let a married couple combine those exemptions to shield…
4 Oct 2026Ultra High Net Worth Tax Planning: 2026 Guide
The popular advice is wrong: a high federal estate-tax exemption doesn't make ultra high net worth tax planning easier. It shifts the work toward coordinating income timing, capital…
3 Oct 2026Partnership Accounting: Practical Guide for Business Owners
A restaurant partner can receive a Schedule K-1 showing taxable income while having little or no cash in hand. Partnership accounting explains how the business calculates income, tracks…
2 Oct 2026Personal Service Business Tax Rules Explained
A personal service business is a corporation whose principal activity is performing personal services, such as accounting, law, or consulting, substantially performed by employee-owners who hold more than…
1 Oct 2026What Is a Closely Held Corporation and How Does It Work
A closely held corporation is, under the federal IRS test, a corporation in which five or fewer individuals own more than 50% of the stock value during the…
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