Hello, I’m CPA Maximiliano Mira Salas. In this new edition of our weekly newsletter, we address a key topic for companies, freelancers, and investors with U.S. structures: pre-season tax planning.

Although the Tax Season hasn’t officially started, the coming months are crucial to organize accounting information, adjust records, and avoid last-minute filings. Early preparation not only reduces risks and penalties but also helps optimize deductions and tax credits, improving your structure’s net results.

📆 Why It Pays to Plan Ahead

Greater accuracy in bookkeeping: Reviewing records now allows you to correct errors, reclassify expenses, and ensure books properly reflect income, payments, and contributions.
Avoid penalties for late or missing filings: Forms such as 1120 (C-Corp), 1065 (Multi-member LLC), 1040-NR (Nonresidents), or 5472 (Disregarded LLCs) require consolidated and validated data. Late preparation often results in automatic penalties.
Optimize deductions and tax credits: Determining which expenses qualify as deductible (operating, capitalizable, startup costs, or depreciation under Section 179 or MACRS) allows you to build a more efficient tax return.
Compliance with regulatory reports: Informative filings such as 8804/8805, 8938, 1042-S, or the BOI Report require consistent accounting and technical documentation. Early planning ensures alignment between reports and books.
Review of entity and tax structure: Before year-end, it’s advisable to evaluate whether the entity still holds the most convenient classification (Disregarded LLC, Partnership, or C-Corp) or if a change in tax election (Form 8832) is beneficial.

📋 What You Can Do Now

Review your bookkeeping and validate bank reconciliations.
Identify deductible expenses pending registration.
Request third-party information in advance (1099, 1042-S).
Confirm EIN validity, registered agent, and Operating Agreement.
Schedule a pre-season diagnostic with FINANCERS to define your 2025 filing calendar.

📌 Legal and Accounting Disclaimer

This communication is for informational purposes only and does not constitute legal, accounting, or tax advice. Each situation must be evaluated individually by a licensed professional, considering entity type, tax residency, and applicable international treaties.

At FINANCERS, we assist companies, freelancers, and Latin American investors with U.S. structures before the start of Tax Season — ensuring technical and timely compliance with the IRS and state agencies, identifying required forms and reports, and optimizing deductions and tax positioning.

Schedule your pre-season review today to avoid last-minute stress, penalties, and incomplete filings — plan ahead.

CPA Maximiliano Mira Salas
International Tax Advisor | FINANCERS 🇦🇷🇺🇸