Form 5471 is not a one-page ownership form. It covers eight areas of a foreign corporation’s finances.
A missed or incomplete form carries a $10,000 penalty per form, per year. Know which parts apply before you start.
🔗inkle.ai/blog/irs-form-5471
#Form5471 #CrossBorderTax #Tax
October 15 is the last day to file Form 1120 or Form 1040 if you extended in April. The extension doesn’t renew. A return not filed by then starts picking up late filing penalties the next day.
🔗 inkle.ai/tax-deadline
#TaxDeadline #Form1120 #Form1040
Businesses rarely fail due diligence because the numbers look bad. They fail because nobody can explain what a third of the transactions were. 15 minutes every Friday fixes that before it becomes a three-week scramble.
🔗inkle.ai/blog/investor-ready…
#Bookkeeping #Founders #Finance
Your supplier’s sale to you is wholesale, tax-exempt, but only if you hand them a resale certificate the ship-to state actually accepts. About ten states refuse out-of-state certificates. No registration there? You eat the tax.
🔗inkle.ai/blog/drop-shipping-…
#SalesTax #DropShipping
In SF for @Techweek_?
@inklehq is hosting a Founders Mixer with @Razorpay and Efficient Capital Labs on Thursday, Oct 8, 6-8pm PT.
RSVP here: partiful.com/e/2KXvgE2TNmK33…
#SFTechWeek
Your AI agent can do a lot. Networking at a mixer isn't one of them. Yet.
@inklehq and @emergentlabs are hosting an AI Founders Mixer on Wed, Oct 7, 6-9pm PT in SF during @Techweek_
RSVP here: partiful.com/e/zuy86QMVasNDh…
#SFTechWeek
30+ YC F'26 founders joined us on Monday at Corgi Cafe for the Indian Founders Welcome Party with @ElevCap and @UseCorgi. Food, drinks, and founders gearing up for F'26. Come say hi, we're near Oracle Park! #YCombinator #F26
The IRS doesn't stop sending letters just because you think you're done. There's always one more form, one more registration, one more deadline nobody mentioned when you incorporated.
🔗inkle.ai/tax
#Founders #StartupTax #IRSNotice #DelawareCCorp
Day 3 of NY TECH WEEK by a16z:
2 inkle events, both packed.
Set up, run, and (mostly) hosted by our interns.
Thanks to everyone who came through.
#NYTechWeek #NewYork #Startups #Inkle
Day 2:
CEO on stage ✅
Knicks merch ✅
Metro card declined in real time ❌
Reporting back tomorrow.
#NYTechWeek #NewYork #Startups #Inkle
Further update on the interns.
Took them to NYC for Tech Week. Told them to go to the events, meet people, learn things, have fun.
Reporting back soon.
#NYTechWeek #NeyYork #Startups #Inkle
Your books should tell you where your business stands, not where it stood three weeks ago. Inkle Books automates the busywork, keeps transactions categorized, and gives you real-time financials you can trust.
🔗inkle.ai/books
#Founders #StartupFinance
Tax scam reports jumped 62% year over year. Founders lost over $29M to letters that looked completely legitimate.
Most pass a quick glance but won't survive 15 minutes of verification. Know what a real IRS letter looks like.
🔗inkle.ai/blog/spot-fake-irs-…
#Founders #TaxScam
Skipping Q2 and doubling your Q3 payment sounds reasonable until the IRS shows up. Each quarter gets penalized separately.
Missing June 15 and catching up later just stacks penalties on penalties.
🔗inkle.ai/tax
#Founders #Q2EstimatedTax #StartupTax
Startup taxes aren't one return. It's Form 1120, 5472, 5471, FBAR, state filings and more, each with its own deadline. With Inkle, every filing is tracked in one place.
🔗inkle.ai/tax
#Founders #StartupTax #DelawareCCorp
International structure, foreign accounts, equity in an overseas entity? Under FATCA, every one of those moves has a reporting obligation to the IRS.
🔗inkle.ai/blog/fatca-explaine…
#FATCA #StartupTax
Incorporated in Delaware but have a founder or employee in California?
California still expects Form 100 and $800 minimum franchise tax yearly, even if you made nothing.
🔗inkle.ai/blog/california-for…
#Founders #StartupTax #CaliforniaTax #DelawareStartup
Every founder tracks their expenses.👀
Until you ask where exactly. Then it's a Notes app, a few screenshots, and a strong sense of vibes.
It works right up until an investor asks for the actual numbers.
🔗inkle.ai/books
#Founders #Bookkeeping #StartupFinance
