Form W-4P in 2026: Stop Letting the Wrong Default Shrink Your Pension Check
Form W-4P defaults new pension payments to single status with no adjustments, not 10%. Check the Step 1 box to elect zero IRS withholding.
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Tax Compliance
Stay compliant with tax regulations and filing requirements
Inventory Shrinkage and the Retail Safe Harbor: Deduct Theft and Breakage Without a Year-End Count
Section 471(b) lets US retailers deduct estimated shrinkage without a year-end count — a three-year shrink-to-sales ratio times stub-period sales, on Form 3115.
Investment Club Taxes: Form 1065, K-1s, and Unit-Value Accounting Explained
A US investment club is a partnership from the first deposit — Form 1065 is due March 15 every year, and filing late costs $255 per partner per month.
Joint Venture Bookkeeping: Capital Accounts, Profit Splits, and Partnership Tax Filing
The IRS treats most joint ventures as partnerships: keep separate books, track capital accounts, and file Form 1065 by March 15.
Lay Shares and Settlement Sheets: How Fishing Vessel Operators Pay Crew and Handle Crewmember Taxes
Share-paid fishing crew are self-employed under IRC Section 3121(b)(20) — but one guaranteed day rate voids it. Report every share in Form 1099-MISC Box 5.
Manufacturer Coupons vs. Store Coupons: Which Discounts Actually Reduce the Taxable Sales Price
Manufacturer coupons stay taxable because the vendor reimburses you; store coupons cut the base. US rules for BOGO, double coupons, and booking each.
Marshall Islands Just Rewrote Its Wage Tax Brackets: What Small Employers Need to Know for 2026
The Marshall Islands exempts the first $8,320 of annual wages from withholding tax in 2026 — top rate 12%, plus 8% MISSA and 3.5% Health Fund employer matches.
Mississippi's Franchise Tax Is Almost Gone: What the 2026 Rate Cut Means for Your Corporation
Mississippi's franchise tax falls to $0.50 per $1,000 of capital over $100,000 for 2026, then repeals in 2028 — S corps still owe it at the entity level.
Pet Deposits vs. Pet Rent vs. Pet Fees: What You Can Actually Charge
Pet deposits are refundable and often capped; pet fees and pet rent are Schedule E income when received — IRS Pub 527 rules, state caps, and how to book each.
How Sports Betting Winnings Are Taxed: W-2G Thresholds, the Session Method, and State Taxes on Out-of-State Bets
W-2Gs report single wagers, not net profit. IRS lets you net wins per session, deduct losses only if you itemize under the 90% cap, and file where you bet.
No Federal Mandate, Five State Ones: Health Insurance Penalties in CA, MA, NJ, RI, and D.C.
No federal penalty ($0), but CA, MA, NJ, RI, and D.C. still charge $300–$4,908 per person — plus separate state employer filings.
Tap to Pay on iPhone and Android: Take Cards With No Terminal — and What It Really Costs
Tap to Pay skips the $59 reader but still pays 2.6–2.7% card-present rates; a per-tap surcharge and the IRS 1099-K decide whether phone-only actually wins.