S corporation audit | Attorneys.Media

How to Handle an IRS 1099-K Audit for Your Florida LLC in 2026

Florida LLCs that receive a Form 1099‑K in 2026 can be audited if the reported gross payments don’t match the business return—often within the IRS’s 3‑year assessment window. Payment apps and marketplaces now create a clear paper trail that auditors use to test revenue, deductions, and worker classification. This article explains how to prepare, respond, […]

How to Handle IRS Classification of Your S Corporation as a Personal Service Corporation (PSC) to Avoid the 21% Flat Tax

Business Taxation / Jack Gilbert

The IRS can subject a misclassified S corporation to the 21% corporate tax by treating it as a personal service corporation (PSC) after an audit or election error. This typically arises when an S election is invalid/terminated or when C-corp rules unexpectedly apply and PSC status is triggered. This article explains what “PSC” means, common

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