8 min
August 4, 2026
Quarterly Estimated Taxes Explained for the Self-Employed
Self-employed and expecting to owe $1,000 or more? You must pay estimated tax quarterly. The 2026 due dates, how to size each payment, and the penalty.
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USTAXX TeamKnowledge Hub · Page 5
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8 min
August 3, 2026
What Happens During an IRS Audit? A Calm, Clear Walkthrough
An IRS audit runs through a notice, document exchange, review, and resolution, usually by mail, and typically takes several months to complete.
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USTAXX Team
7 min
August 2, 2026
Bookkeeping vs Tax Preparation: What's the Difference?
Bookkeeping records your business transactions throughout the year, while tax preparation uses those records to file your annual tax return.
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USTAXX Team
8 min
August 1, 2026
How Much Does Tax Preparation Really Cost?
Professional tax preparation costs range from a few hundred dollars for simple W-2 returns to several times more for self-employed or business owners.
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USTAXX Team
9 min
July 31, 2026
Common Mistakes Small Businesses Make on Their Tax Returns
The mistakes that cost small businesses most: mixed personal and business expenses, misclassified workers, missed quarterly payments, underreported income.
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USTAXX Team
8 min
July 30, 2026
Self-Employed Tax Preparation: What to Expect Your First Year
Learn what self-employed taxes involve in year one: quarterly payments, expense tracking, self-employment tax, and how much to set aside.
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USTAXX Team
9 min
July 28, 2026
The Complete Guide to LLC Formation in Illinois
Learn how to form an LLC in Illinois step-by-step: file Articles of Organization, get an EIN, draft an operating agreement, and maintain compliance.
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USTAXX Team
9 min
July 27, 2026
Understanding IRS Penalty Relief: Your Options Explained
The three routes to IRS penalty relief — First-Time Abatement, Reasonable Cause and Statutory Exception — who qualifies for each, and how to ask for it.
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USTAXX Team
8 min
July 27, 2026
LLC vs S-Corp: What Small Business Owners Should Know Before Choosing
An LLC is a legal structure; an S-corp is a tax election. What the election changes, the payroll it obliges you to run, and the income where it starts to pay.
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USTAXX Team