#tax
Tax strategies, planning, and compliance for individuals and businesses
Cash, debt relief, or non-like-kind property in a 1031 exchange is taxable boot up to your gain — and cash offsets mortgage boot, never the reverse.
Work that betters, restores, or adapts a unit of property is an IRS improvement you capitalize — everything else is a deductible repair.
Investors face the wash sale rule and a $3,000 loss cap; qualifying traders who elect Section 475(f) get ordinary treatment with neither.
Book profit and IRS taxable income differ by design — meals at 50%, fines at zero, MACRS timing gaps. Reconcile both before setting estimated payments.
The IRS issues most e-filed refunds within 21 days — track yours with Where's My Refund using your SSN, filing status, and exact refund amount.
IRS Publication 334 is the free tax guide for Schedule C filers: business income, deductions, self-employment tax, and estimated payments in twelve chapters.
Active-duty troops on PCS orders can still deduct unreimbursed moving costs on IRS Form 3903 — civilians lost the break for good under the OBBBA.
Every state you played wants a nonresident return, and the IRS taxes all of it. US guide to door deals, merch books, per diems, and road deductions.
Bank sign-up bonuses are IRS-taxable interest income, usually on 1099-INT, taxed at your marginal rate with nothing withheld. Set aside 22–37% plus state tax.
806 Belize MSMEs won a one-year business-tax holiday; the first certificates expire now. Check your status, dodge the fake Amnesty 2.0, and plan the landing.
Cabo Verde's REMPE regime taxes micro and small firms at 4% of gross sales instead of 20% IRPC plus 15% VAT — if headcount and turnover stay under the caps.
Section 631(a) lets Christmas tree farms tax January-1 stumpage value as capital gain — lower rates and no self-employment tax.
