#tax
Tax strategies, planning, and compliance for individuals and businesses
Hungary's KATA flat tax is set to return for freelancers who invoice businesses. Expect per-client concentration caps, so track revenue per payer now.
Item L reports tax-basis capital, not your outside basis — the IRS excludes partnership debt, so a negative ending balance is usually arithmetic, not alarm.
IRS Form 3911 traces a missing refund after 5 days for direct deposit or 4–9 weeks for paper checks; BFS then cancels the original or investigates the forgery.
IRS referral rewards are taxable income with no purchase required; for 2026 you must file Form 1099-MISC once one customer tops $2,000.
SITCA trades POS-verified tip reporting and an annual report for protection from employer FICA liability on unreported tips under Section 3121(q).
Pool rental income is taxable even without a 1099-K, and your US homeowners policy likely excludes paying guests — check IRS rules, coverage, and permits first.
Tajikistan now debits 3% from e-wallet, QR and mobile payments — over 10 payments a day from different senders can register you as an entrepreneur.
Wyoming exempts the first $75,000 of business personal property per county in 2026 — most small firms now owe zero, but you must still file by March 1.
Your 1099-SA Box 1 total isn't a tax bill: Form 8889 nets it against qualified medical expenses, and nonmedical withdrawals under age 65 draw the extra 20%.
The IRS holds interest at 7%, compounded daily, for Q4 2026 — a $10,000 balance costs about $178 a quarter, matching the estimated-tax penalty rate.
Medicaid waiver payments under IRS Notice 2014-7 are excludable difficulty-of-care income when the recipient lives in your home — but the W-2 still arrives.
Turo hosting is Schedule C self-employment income, not Schedule E rent — 15.3% SE tax, a gross 1099-K, and an IRS mileage rate that changed midyear 2026.
