#tax-planning

Tax Planning

Strategic tax planning to minimize liability and maximize savings

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May 17, 2026

Collection Due Process Hearings: How a 30-Day Letter Stands Between Your Small Business and an IRS Bank Levy

A timely Form 12153 filed within 30 days of IRS Letter 3172 or LT11/L-1058 triggers a Collection Due Process hearing under IRC Sections 6320 and 6330 — suspending levy action, preserving Tax Court appeal rights, and giving small business owners a statutory chance to negotiate installment agreements, lien withdrawal, innocent spouse relief, or offers in compromise before the IRS drains the operating account.

mike

small-businesstaxtax-compliance

May 17, 2026

F-Reorganization Under Section 368(a)(1)(F): The Pre-Closing Restructuring PE Buyers Use to Buy S Corporations

A practical walkthrough of the Section 368(a)(1)(F) reorganization — the six regulatory requirements, the six-step Rev. Rul. 2008-18 choreography, why PE buyers prefer it to a 338(h)(10) election, and how it preserves the operating EIN while giving the buyer asset-basis step-up and the seller tax-deferred rollover equity.

mike

s-corptax-planningmergers-and-acquisitions

May 17, 2026

The F Reorganization: How S Corporations Restructure Tax-Free Before a Sale

An F reorganization under IRC Section 368(a)(1)(F) lets an S corporation restructure tax-free into a holding-company/QSub form so a buyer gets an asset basis step-up at any ownership percentage and sellers can defer tax on rollover equity.

mike

taxtax-plannings-corp

May 17, 2026

The 2026 Form W-4 Multiple Jobs Worksheet: How Two-Earner Couples and Side-Hustlers Sidestep an April Tax Surprise

A plain-English walkthrough of Form W-4 Step 2(a), 2(b), and 2(c) for two-earner households and side-hustlers — including the higher-paying-job rule, side-hustle income on Step 4(a), and the 90%/100%/110% safe-harbor numbers that prevent an April tax bill or penalty.

mike

taxtax-planningtax-compliance

May 17, 2026

The Interest-Free Loan That Isn't: How Section 7872 Imputes Interest on Family and Shareholder Loans

A below-market loan triggers Section 7872, which treats forgone interest as taxable income to the lender even when no cash changes hands. This guide covers the $10,000 and $100,000 de minimis exceptions, the gift tax connection, and how charging the AFR avoids the whole problem.

mike

taxtax-planningloans

May 17, 2026

The IRA Once-Per-Year Rollover Rule: One 60-Day Rollover and the Trustee-to-Trustee Workaround

You get only one IRA-to-IRA 60-day rollover per rolling 12-month period, counting all your IRAs as one account — a limit the 2014 Bobrow Tax Court case made aggregate. Trustee-to-trustee transfers are exempt and unlimited.

mike

retirementtaxpersonal-finance

May 17, 2026

MLP K-1 Tax Issues for Individual Investors: UBTI, Section 751 Recapture, and Multi-State Filings

A Master Limited Partnership pays cash quarterly but issues a Schedule K-1, not a 1099. Most distributions reduce your cost basis instead of being taxed, holding units in an IRA can trigger UBTI and a Form 990-T once income exceeds $1,000, and selling converts depreciation into ordinary income under Section 751 — taxed up to 37%.

mike

taxtax-compliancepartnerships

May 17, 2026

MLP K-1 Tax Issues: UBTI, Section 751, and Multi-State Filings for Individual Investors

How individual MLP investors actually owe tax — UBTI on IRA-held units crosses the $1,000 Form 990-T threshold faster than expected, Section 751 reclassifies part of any sale gain as ordinary income, and the K-1's state schedule can force nonresident filings in operating states. Includes practical thresholds and basis-tracking rules.

mike

taxpartnershipsira

May 17, 2026

Car Loan Interest Is Tax-Deductible Again: How the OBBBA $10,000 Above-the-Line Deduction Works for U.S.-Assembled Vehicles From 2025 Through 2028

The OBBBA restores a personal car-loan interest deduction—up to $10,000 per year, above-the-line, for tax years 2025 through 2028—on new U.S.-assembled vehicles financed after December 31, 2024. Mechanics covered include the MAGI phase-out starting at $100K single / $200K joint, Form 1098-VLI reporting beginning in 2026, mandatory VIN entry on Form 1040, and edge cases for refinances, trade-ins, leases, and co-signers.

mike

taxtax-deductionstax-planning

May 17, 2026

The $40,000 SALT Cap: Should You Re-Itemize in 2026?

OBBBA raised the SALT deduction cap to $40,400 for 2026, but a 30-cent-per-dollar MAGI phase-down between $505,000 and $606,333 creates a roughly 45% effective marginal rate — the "SALT torpedo." Here is how to decide whether to re-itemize.

mike

taxtax-planningtax-deductions

May 17, 2026

How the OBBBA's Tiered QSBS Exclusion Changes the Math for Founders, Employees, and Angels

The OBBBA raised the Section 1202 QSBS cap to $15 million, lifted the gross-asset ceiling to $75 million, and replaced the five-year cliff with a tiered 50/75/100 percent exclusion at three, four, and five years — but only for stock issued after July 4, 2025.

mike

taxtax-planningstartup

May 17, 2026

Section 1031 Boot Recognition: Cash Boot, Mortgage Boot, and Partial Deferral on Form 8824

A working guide to how the IRS computes boot in a Section 1031 exchange — cash boot, mortgage boot, the four netting rules, depreciation recapture at 25%, carryover basis, and Form 8824 reporting — with a worked example showing how $200K of fresh equity can wipe out $200K of mortgage boot.

mike

real-estatetaxtax-planning

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