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Tax strategies, bookkeeping best practices, IRS dispute guidance, and estate planning insight — written by the licensed CPAs and EAs at Parsi & Company for families and business owners who value long-term relationships.
California Estimated Tax Payments 2026 – Safe Harbor Rules, Deadlines & FTB Requirements
An educational overview of 2026 federal and California estimated tax payment rules, safe harbor thresholds, FTB installment schedules, and the critical $1M AGI limitation.
S-Corp vs. LLC in California 2026 – Tax Treatment, Structures, and Key Differences
An educational overview of how S corporations and LLCs are taxed differently in California, including the 1.5% entity-level tax, gross receipts LLC fee, and S-Corp eligibility restrictions.
OBBBA Deductions 2026 – Seniors, Overtime Pay, and Qualified Car Loan Interest
Educational overview of three new above-the-line OBBBA deductions: the $6,000 enhanced senior deduction, overtime pay deduction, and up to $10,000 car loan interest deduction for 2026.
California PTE Elective Tax 2026 – June 15 Payment Deadline and SB 132 Changes
Educational overview of the June 15, 2026 initial payment requirement for California pass-through entities, SB 132 election validity modifications, and the 12.5% credit reduction for shortfalls.
IRS Conservation Easement Settlement Opportunity 2026 – Time-Limited Dispute Resolution Under IR-2026-65
Educational overview of the IRS time-limited settlement opportunity for eligible partnerships in conservation easement disputes, including terms, the 90-day acceptance window, and exclusions.
OBBBA Remittance Excise Tax 2026 – Schedule 6 (Form 8849) Refund Procedures
Educational overview of the OBBBA 1 percent remittance excise tax and the new Schedule 6 (Form 8849) refund procedures for cancelled or expired transfers effective January 1, 2026.
No Tax on Tips Deduction 2026 – Amended Return Guidance and Reporting Requirements
Educational overview of the OBBBA No Tax on Tips deduction for 70+ designated service occupations, amended return circumstances following May 2026 IRS guidance, and W-2 reporting requirements.
Taxpayer Due Process Enhancement Act 2026 – IRS Collection Due Process Changes Under H.R. 6506
Educational overview of H.R. 6506 passed May 19, 2026, responding to Commissioner v. Zuch by suspending refund statute of limitations and prohibiting IRS offsets during CDP hearings.
IRS Underpayment Interest Rates 2026 – Penalty Adjustments and Estimated Tax Implications
Educational overview of updated federal (6%) and California FTB (7%) underpayment interest rates effective July 1, 2026, and their impact on estimated tax penalty calculations.
IRS Notice CP2000 2026 – What It Means and How to Respond
Educational overview of IRS Notice CP2000, common causes of underreporter discrepancies, the five-step response process, and how to preserve appeal rights with a 30-day deadline.
California Form 593 Real Estate Withholding 2026 – Common Errors and Corrections
Educational overview of California Form 593 real estate withholding at 3.333% of sales price, the five most common filing errors, and the amendment procedures available to remitters.
2026 Tax Filing Season Recap – Top IRS and FTB Audit Triggers and Avoidance Strategies
Educational overview of the most common IRS and FTB audit triggers observed during the 2026 filing season, including OBBBA deductions, Schedule C, crypto, and California conformity issues.
IRS Lien or Levy Notice 2026 – Real-World Steps and New Due Process Protections
Educational overview of the distinctions between IRS federal tax liens and levies, the H.R. 6506 due process enhancements, and the 30-day Form 12153 deadline to preserve CDP hearing rights.
California FTB Notices 2026 – Common Bookkeeping Errors Triggering Notices
Educational overview of the most frequently observed bookkeeping errors leading to FTB notices in 2026, including OBBBA conformity failures, unreconciled accounts, and Form 593 discrepancies.
S Corporation vs LLC in California 2026 – Complete Comparison and Decision Checklist
Educational side-by-side comparison of S corporations and LLCs in California for 2026, including the 1.5% entity tax, LLC gross receipts fee, self-employment tax treatment, and a neutral decision checklist.
Understanding IRS Notices 2026 – Complete Guide to CP2000, CP504, CP59 and Common Types
Educational guide to the most frequently received IRS notices in 2026, including CP2000 (underreporter), CP504 (intent to levy), and CP59 (unpaid balance reminder), with response deadlines and procedures.
Estate Planning for California S-Corp and LLC Owners – Key Considerations 2026
Educational overview of ownership transfer rules, federal estate tax exemptions, valuation discounts, California community property rules, and succession planning tools for S-corp and LLC owners.
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