#tax-planning
Strategic tax planning to minimize liability and maximize savings
Stripe Atlas founders can open a Rho business account before the IRS issues their EIN — route startup costs through it to keep Section 195 deductions clean.
The IRS adds a 20% accumulated earnings tax on C corp cash above $250,000 without documented business needs — plus a 20% PHC tax on passive income.
The IRS lets employers withhold a flat 22% on bonuses up to $1M and 37% above it. That's withholding, not your tax rate; the gap settles when you file.
Covered by an HDHP on Dec. 1? The IRS last-month rule allows a full-year HSA contribution — but fail the 13-month testing period and owe tax plus 10%.
New Hampshire HB 155 lifts the BET filing threshold to $400,000 from 2027, exempting ~4,000 small firms, and adds an automatic rate cut down to 0.25%.
Paraguay's IRE Simple taxes sole proprietors at 3% of gross up to G. 2 billion; if your margin is under 30%, the 10% actual-profit option costs less.
Section 280B puts demolition costs and a razed building's leftover basis into land, not a deduction. The 75% renovation safe harbor can preserve write-offs.
Hemp-derived CBD shops deduct rent, payroll, and marketing like any retailer — cannabis dispensaries cannot under Section 280E. The 0.3% THC line decides.
A spouse on W-2 payroll can fund a second solo 401(k) and pretax health coverage — if the IRS sees real work, market pay, and payroll records.
A loan-out corporation restores the business-expense deductions the IRS permanently denies W-2 performers — at $3,000 to $6,000 a year to run.
Section 444 lets an S corp or partnership elect a Sept 30, Oct 31 or Nov 30 year end with Form 8716 — in exchange for a Form 8752 deposit due every May 15.
The IRS adds a 20% penalty when you understate tax by more than $5,000 or 10% — substantial authority, Form 8275 disclosure, or reasonable cause removes it.
