#tax-planning
Strategic tax planning to minimize liability and maximize savings
A 52-53 week year ends on the same weekday under Section 441, with a 53rd week every 5-6 years. Adopt it on your first return; later switches need IRS approval.
Eight US states adopted flat taxes since 2021, with more cuts for 2026 — pass-through owners should re-run estimates, PTET elections, and nexus exposure.
Joint IRS filing wins for most couples, but separate returns can cut loan payments and shield refunds — plus when head-of-household and surviving-spouse apply.
Tax lien certificates pay state-set rates up to 24%, but auctions bid most winners to single digits — and the IRS taxes the interest as ordinary income.
Section 1092 defers a straddle loss up to the unrealized gain on the offsetting leg — close the loser alone and the deduction waits.
Personal use over 14 days or 10% of rental days makes your vacation home a residence under IRS rules — and caps rental deductions at rental income.
A DRIP reinvests your dividends into more shares automatically — but the IRS still taxes every dollar. How compounding, discounts, and cost basis work.
ADS swaps faster GDS write-offs for longer straight-line lives and no bonus depreciation; the IRS requires it for electing real-estate businesses.
A general power of appointment under Section 2041 pulls trust property into your taxable estate; a limited power or HEMS wording keeps it out.
Your PLLC shields you from a partner's malpractice, never your own. Which states mandate one, who may own it, and the Form 2553 S election.
A QTIP trust claims the marital deduction under Section 2056 now while you — not your spouse — decide where the assets go after your spouse dies.
Crowdfunded real estate locks your money up for years and reports on IRS K-1s — compare eREITs vs. single deals on fees, access, and exits first.
