Arc & Ledger Tax Tools

notice_code: "CP2000", recognized: true
what_it_means: "A computer at the IRS Automated Underreporter system compared a third-party form filed under your SSN against your return and found a mismatch. It proposes additional tax. It is not an audit and not a final bill."
deadline: { days_from_notice: 30, computed_deadline: "July 1, 2026", note: "The deadline runs from the notice date printed on the letter, not the day it reached you." }
common_errors: [ "Broker reports gross proceeds without cost basis, so a stock or crypto sale looks like pure profit", ... ]
next_step: { label: "Book a flat-fee $199 IRS notice review with an Enrolled Agent (credited toward representation)", url: "https://www.arcandledger.com/go/notice-review" }
source_url: "https://www.arcandledger.com/irs-notices/cp2000/"
disclaimer: "General information, not tax advice. No practitioner-client relationship is created. Verify with a licensed professional."

fbar: { required: true, threshold: 10000, explanation: "Your highest aggregate foreign balance exceeds $10,000, so an FBAR is required. It is filed electronically with FinCEN, separately from your tax return." }
form_8938: { status: "possibly_required", thresholds: { year_end: 50000, any_time: 75000 }, explanation: "Form 8938 is required if your balance on the LAST DAY of the year exceeded $50,000, OR if it exceeded $75,000 at any time." }
pfic_note: "If any foreign account holds a mutual fund, ETF, or other pooled investment, it may be a PFIC requiring Form 8621..."
next_step: { label: "Book a Discovery Session Specialist ($497, credited) for a cross-border review with an Enrolled Agent", url: "https://www.arcandledger.com/go/discovery-specialist" }
source_url: "https://www.arcandledger.com/guides/fbar-fatca-guide/"

sole_prop_or_smllc: { self_employment_tax: 21194, ca_franchise_and_llc_fee: 800, our_compliance_fee: 850, annual_total_modeled: 22844 }
s_corp: { fica_on_salary: 11475, ca_franchise_tax: 1125, our_compliance_fee: 2900, annual_total_modeled: 15500, compliance_breakdown: "$1,500 1120-S return + $1,400/yr payroll" }
employment_tax_savings_before_costs: 9719
net_annual_difference: 7344
break_even_zone: "The S-corp election tends to pay off once net profit is durably above about $60,000..."
important_caveats: [ "The salary must be REASONABLE COMPENSATION for your role; setting it too low is a top IRS audit trigger.", ... ]
next_step: { label: "Book an entity-structuring consult ($500) with an Enrolled Agent", url: "https://www.arcandledger.com/services/s-corp-election/" }

estimated_range: "$950 - $1,283"
line_items: [ { item: "Form 1040 base return (federal, e-file, one state)", amount: 525 }, { item: "2 additional state(s)", amount: 250 }, { item: "1 rental property Schedule E", amount: 175 } ]
quoting_rule: "Every quote is a range until the engagement letter. The final fee is set after a document review."
engagement_fee: "A $250 - $750 engagement deposit reserves the work and is credited in full to your final invoice."
next_step: { label: "Book a free 15-minute call to confirm the quote", url: "https://www.arcandledger.com/go/book-15min" }
source_url: "https://www.arcandledger.com/pricing/"