Mirza Fahad Baig
Chartered Accountant at Tax Bakers. Federal and state income tax.
About Fahad
Leads income tax work for US companies and their owners, from annual federal and state returns to IRS notices. Fahad keeps clients compliant and on time, and turns complicated tax positions into clear, practical decisions.
109 guides written by Fahad
- How much does it cost to start an LLC
- Should you form your LLC in your home state or another state
- Delaware vs Nevada LLC
- Member-managed vs manager-managed LLC
- Delaware C corp for startups: why investors ask for it
- How to change your LLC's name, address or members
- How to move your LLC to another state
- How to form an LLC in Alabama
- How to form an LLC in Connecticut
- How to form an LLC in Idaho
- How to form an LLC in Indiana
- How to form an LLC in Kansas
- How to form an LLC in Maine
- How to form an LLC in Nebraska
- How to form an LLC in Nevada
- How to form an LLC in New York
- How to form an LLC in North Carolina
- How to form an LLC in Oregon
- How to form an LLC in Pennsylvania
- How to form an LLC in South Carolina
- How to form an LLC in Utah
- Colorado LLC annual report and yearly fees: what is due and when
- Georgia LLC annual report and yearly fees: what is due and when
- Hawaii LLC annual report and yearly fees: what is due and when
- Illinois LLC annual report and yearly fees: what is due and when
- Indiana LLC annual report and yearly fees: what is due and when
- Kansas LLC annual report and yearly fees: what is due and when
- Michigan LLC annual report and yearly fees: what is due and when
- Missouri LLC annual report and yearly fees: what is due and when
- New York LLC annual report and yearly fees: what is due and when
- Ohio LLC annual report and yearly fees: what is due and when
- Pennsylvania LLC annual report and yearly fees: what is due and when
- Tennessee LLC annual report and yearly fees: what is due and when
- Washington LLC annual report and yearly fees: what is due and when
- West Virginia LLC annual report and yearly fees: what is due and when
- Foreign-owned single-member LLC: every filing due each year
- US trade or business: what counts for a foreign-owned LLC
- Do you need a visa to own a US company
- US LLC and tax in your home country: why no US tax does not mean no tax
- Signing and filing US forms from abroad: e-signature, fax and mail
- US LLC for founders in Nigeria
- How to get an EIN online
- How to get an EIN without an SSN or ITIN
- ITIN documents: what the IRS accepts as proof of identity
- How long does an ITIN take
- When you need a new EIN and when you don't
- How to open a US business bank account for your LLC
- How to open a US business bank account as a non-resident
- Do you need an SSN or ITIN to open a US business bank account
- Why banks freeze or close new LLC accounts and how to avoid it
- How to pay yourself from an LLC
- S corp election: when it saves tax and when it doesn't
- Reasonable salary for S corp owners
- Home office deduction: who qualifies and how to calculate it
- Vehicle deduction: standard mileage rate vs actual costs
- C corp double taxation: how it works
- Pass-through entity tax elections explained
- Late S corp election: how to get relief
- Pro forma Form 1120 for a foreign-owned LLC
- Form 1040-NR: the US return for non-residents
- Form 1120-S: the S corporation return
- Form 2553: electing S corporation status
- Form W-8BEN: how to fill it in
- Form 1099-MISC: what still goes on it
- Forms W-2 and W-3: year-end wage reporting
- Form 8829: the home office form
- FBAR vs Form 8938: reporting foreign bank accounts
- Taxes for freelancers on Upwork and Fiverr
- Health insurance deduction for the self-employed
- Taxes for real estate agents
- Taxes for Airbnb and short-term rental hosts
- Selling on Amazon US from outside the US
- Do online sellers need a business license or seller's permit
- TikTok Shop seller taxes
- Dropshipping profit tracking: fees, refunds and true margin
- Importing goods to sell in the US: duties, customs and your books
- How US sales tax works: a guide for small businesses
- Physical nexus vs economic nexus
- How to get a sales tax permit
- Origin-based vs destination-based sales tax
- Sales tax on software, SaaS and digital products
- Sales tax filing frequency: monthly, quarterly or annual
- When and how to cancel a sales tax permit
- Colorado sales tax for online sellers: nexus, permit and filing
- Hawaii sales tax for online sellers: nexus, permit and filing
- Iowa sales tax for online sellers: nexus, permit and filing
- Michigan sales tax for online sellers: nexus, permit and filing
- Mississippi sales tax for online sellers: nexus, permit and filing
- Ohio sales tax for online sellers: nexus, permit and filing
- South Dakota sales tax for online sellers: nexus, permit and filing
- West Virginia sales tax for online sellers: nexus, permit and filing
- Wisconsin sales tax for online sellers: nexus, permit and filing
- How to read a profit and loss statement
- How to categorize business expenses
- How to read a balance sheet
- Bookkeeping mistakes that cause tax problems
- Getting your books ready for a loan or an investor
- 1099 filing deadlines and penalties
- Paying foreign contractors from a US company
- Employee benefits and how they are taxed: a small business overview
- Accountable plans: reimbursing expenses tax-free
- Worker misclassification: penalties and how to fix it
- Late Form 5472: the penalty and how to ask for relief
- How to pay the IRS: EFTPS, Direct Pay and paying from abroad
- Offer in compromise: settling a tax debt for less
- IRS letter 5071C: verifying your identity
- How far back can the IRS go: the statute of limitations
- IRS business tax account: how to set it up online
- Choosing a tax preparer: PTIN, EA and CPA explained
108 guides reviewed by Fahad
- Which state should you form your LLC in
- Wyoming vs New Mexico LLC
- How long does it take to form an LLC
- Beneficial ownership (BOI) reporting: who still has to file
- Foreign qualification: registering your LLC to do business in another state
- How to dissolve an LLC properly
- Anonymous LLCs: which states allow them and what they hide
- How to form an LLC in Alaska
- How to form an LLC in Arkansas
- How to form an LLC in Delaware
- How to form an LLC in Kentucky
- How to form an LLC in Louisiana
- How to form an LLC in Mississippi
- How to form an LLC in North Dakota
- How to form an LLC in Oklahoma
- How to form an LLC in Rhode Island
- How to form an LLC in South Dakota
- How to form an LLC in Texas
- How to form an LLC in Wyoming
- Alabama LLC annual report and yearly fees: what is due and when
- Arizona LLC annual report and yearly fees: what is due and when
- Arkansas LLC annual report and yearly fees: what is due and when
- California LLC annual report and yearly fees: what is due and when
- Connecticut LLC annual report and yearly fees: what is due and when
- Florida LLC annual report and yearly fees: what is due and when
- Louisiana LLC annual report and yearly fees: what is due and when
- Maine LLC annual report and yearly fees: what is due and when
- Maryland LLC annual report and yearly fees: what is due and when
- Nebraska LLC annual report and yearly fees: what is due and when
- Nevada LLC annual report and yearly fees: what is due and when
- New Hampshire LLC annual report and yearly fees: what is due and when
- North Carolina LLC annual report and yearly fees: what is due and when
- Oregon LLC annual report and yearly fees: what is due and when
- South Dakota LLC annual report and yearly fees: what is due and when
- Wisconsin LLC annual report and yearly fees: what is due and when
- W-8BEN vs W-8BEN-E vs W-8ECI: which form to give
- Does a foreign LLC owner need to file a personal US return
- The 30% withholding on US-source income explained
- Foreign-owned multi-member LLC: Form 1065, K-1s and partner withholding
- US LLC for founders in Pakistan
- US LLC for founders in India
- US LLC for founders in Canada
- What is an EIN and who needs one
- Do you need an ITIN as a foreign LLC owner
- How long does it take to get an EIN
- ITIN renewal: when it expires and how to renew
- Documents banks ask for when you open an LLC account
- Receiving international payments into a US LLC
- Estimated quarterly taxes: who pays and how to work them out
- The qualified business income deduction explained
- Meals, travel and entertainment: what is deductible
- Guaranteed payments to partners explained
- Schedule C (Form 1040): reporting business income
- Form 8832: choosing how your entity is taxed
- Form 1096: the cover sheet for paper 1099s
- Form 941: the quarterly payroll return
- Form 1120-F: the return for a foreign corporation
- Form 3520: reporting gifts and money received from abroad
- Self-employment tax explained
- How to file taxes as a freelancer: a first-year guide
- How much to set aside for taxes when you're self-employed
- SEP IRA vs Solo 401(k) for the self-employed
- Taxes for rideshare and delivery drivers
- Taxes for online coaches and course creators
- Dropshipping taxes: who collects sales tax and who pays income tax
- Resale certificates: buying inventory without paying sales tax
- Marketplace facilitator laws: when the platform collects for you
- Bookkeeping for eBay sellers
- Walmart Marketplace: the tax ID and documents sellers need
- Print on demand taxes
- Returns, refunds and chargebacks: how to record them
- Taxes for retail and online arbitrage sellers
- Sales tax for Amazon FBA sellers: where your inventory creates nexus
- Sales tax vs use tax
- Voluntary disclosure agreements: fixing past-due sales tax
- Collected sales tax but didn't remit it: what happens next
- Streamlined Sales Tax registration explained
- Arizona sales tax for online sellers: nexus, permit and filing
- Arkansas sales tax for online sellers: nexus, permit and filing
- Connecticut sales tax for online sellers: nexus, permit and filing
- Florida sales tax for online sellers: nexus, permit and filing
- Georgia sales tax for online sellers: nexus, permit and filing
- Indiana sales tax for online sellers: nexus, permit and filing
- Kansas sales tax for online sellers: nexus, permit and filing
- Massachusetts sales tax for online sellers: nexus, permit and filing
- Nebraska sales tax for online sellers: nexus, permit and filing
- Oklahoma sales tax for online sellers: nexus, permit and filing
- Pennsylvania sales tax for online sellers: nexus, permit and filing
- Tennessee sales tax for online sellers: nexus, permit and filing
- Utah sales tax for online sellers: nexus, permit and filing
- Year-end bookkeeping checklist before you file
- Bookkeeping for a single-member LLC
- The cash flow statement explained for owners
- Owner draws and contributions: recording money in and out
- Bookkeeping for S corporations: payroll, distributions and shareholder loans
- How to record loans, credit cards and interest
- Spreadsheet or software: when Excel stops being enough
- Bookkeeping for construction contractors
- Bookkeeping for rental property owners
- How to pay contractors and file their 1099s
- Payroll tax deposits: monthly vs semi-weekly schedules
- How to correct a 1099 you already filed
- Remote employees in another state: payroll and tax registration
- US business tax deadlines: the full calendar
- Late filing and late payment penalties explained
- How to file back taxes for a business
- Administrative dissolution: missed state filings and how to reinstate
- IRS notice CP259: a business return is missing