Your Stock Went to Zero: How the Worthless-Securities Deduction Works
Stock that became totally worthless is deemed sold Dec. 31 under IRS Section 165(g) — report $0 proceeds on Form 8949 and amend up to 7 years back.
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Tax
Tax strategies, planning, and compliance for individuals and businesses
Bonded Premises vs. Tax-Paid Tasting Room: A Craft Distillery's Guide to Booking Federal Excise Tax Correctly
Spirits in bond carry no excise tax; removal to a tasting room triggers $2.70–$13.50 per proof gallon. Book it as inventory cost so your ledger ties to TTB.
How Holiday Bonuses Are Taxed: The 22% Rule, Gross-Ups, and the Cash-Gift Trap
The IRS allows a flat 22% withholding on separately paid bonuses, but FICA adds 7.65% and cash gifts are always wages. Gross-up math and a year-end checklist.
Nominee 1099s: What to Do When Income Reported Under Your EIN Belongs to Someone Else
Got a 1099 for income that isn't yours? File a nominee 1099 and Form 1096, then subtract the pass-through on Schedule B or C to avoid a CP2000.
Selling Your Home After a Home Office: The Depreciation Recapture Tax
Section 121 won't shield home-office depreciation: the IRS taxes it as unrecaptured Section 1250 gain at up to 25%, even if you never claimed it.
2027 Tax Brackets Projected 3.2% Higher: Withholding, Estimates, and Year-End Moves
Federal 2027 tax brackets and standard deduction are projected 3.2% higher ($33,200 joint). Here's how to adjust W-4 withholding and estimates now.
How Big an Employee Discount Is Tax-Free? The Section 132(c) Limits Every Employer Should Know
Section 132(c) caps tax-free employee discounts at 20% for services and your gross profit percentage for goods — the excess is W-2 wages.
Illinois SB 3019: The 10% Targeted Digital Ad Tax and Your 2027 Ad Budget
Illinois taxes targeted-ad providers 10% on gross receipts from Jan 1, 2027; agencies and sellers face higher CPMs without filing the tax.
Luxembourg's 2026 Tax Package: The 20% Start-Up Credit, Higher Pension Bills, and the VAT Bar You Operate Under
Luxembourg's 2026 package adds a 20% start-up investor credit, lifts pension contributions to 8.5% each, and keeps the €50,000 VAT SME exemption.
Maldives' Tourism Tax Just Hit 17%: A Bookkeeping Wake-Up Call for Guesthouses and Small Tour Operators
Maldives TGST rose to 17% on 1 July 2025 and reaches foreign sellers on 1 Oct 2026 — how guesthouses keep TGST, Green Tax and MIRA 206 returns right.
Tunisia's Auto-Entrepreneur Regime Passes 10,000 Members: A Flat-Tax Playbook for Freelancers
Tunisia's auto-entrepreneur regime taxes freelancers 0.5% of turnover up to 75,000 TND, with no VAT and CNSS cover for about 20 TND a month.
Azerbaijan's 7-Year Tax Holiday Is Over: What the New Progressive Income Tax and 6% POS Rate Mean for Your Small Business
Azerbaijan's 0% payroll holiday ended January 1, 2026: private-sector wages now face 3–14% progressive tax, while caterers pay 6% on card sales.