The Gas Guzzler Tax, Explained: Who Really Pays the $7,700 on Your Window Sticker
The IRS gas guzzler tax charges $1,000 to $7,700 per new car under 22.5 mpg — baked into your sticker price, and non-depreciable for business cars.
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Tax
Tax strategies, planning, and compliance for individuals and businesses
India's GSTR-3B Hard Lock: Your Input Credit Now Moves Only as Fast as Your Slowest Vendor
Locked GSTR-3B pulls Table 4 ITC only from GSTR-2B via IMS accept actions — a late-filing vendor now delays credit you already paid for.
The IRS Thinks Your Tax Return Might Be Identity Theft: What Letters 5071C, 4883C, and 5747C Mean
IRS Letters 5071C, 4883C, and 5747C freeze your refund until you verify your identity — online, by phone, or in person.
Mozambique Raised the Small-Business Tax Ceiling to MT 4 Million: What Law 9/2025 Changed for ISPC Taxpayers
Mozambique's Law 9/2025 raised the ISPC ceiling to MT 4M with 3-5% progressive rates, quarterly filing, and mandatory invoicing from January 1, 2026.
Zimbabwe Moved Big Transport Operators Off Presumptive Tax: What Self-Assessment Now Requires From You
Zimbabwe moved large buses, haulage trucks, and boats off presumptive tax in 2026 — now they pay income tax on actual profit with quarterly instalments.
Earnest Money Deposits for Small Business Property Buyers: Applied, Refunded, or Forfeited
A forfeited deposit on business property is usually a deductible loss — capital or ordinary — while the IRS bars any deduction on a personal home.
Manufacturing in Mexico Under IMMEX: How the Maquiladora Program Lets US Companies Import Materials Duty-Free, What a Shelter Operator Handles, and the USMCA Qualification Math to Run First
IMMEX lets US firms import materials into Mexico duty-free — if you meet the export floor, run Annex 24 inventory control, and clear USMCA origin rules.
IRS Letter 105-C: Your Refund Claim Was Disallowed — What the 30-Day Response Window and the Two-Year Suit Deadline Mean for You
IRS Letter 105-C fully disallows your refund claim — respond within 30 days and protect the two-year suit deadline, which Appeals never pauses.
Never Filed a Business Return? Why the IRS Has No Deadline to Audit You
No return means no time limit: the IRS can assess unfiled years anytime, then bill you through an SFR with zero deductions.
Your S Corporation Can't Deduct Your December Bonus Until It Pays You
Section 267 delays your S corp's bonus deduction until the year you're actually paid — run shareholder payroll by December 31.
Arizona Finally Signed Its Tax Conformity Bill — But Your 100% Bonus Depreciation Still Doesn't Count There
Arizona HB 4168 adopts most OBBBA tax breaks retroactive to 2025, but 100% bonus depreciation still needs an addback — Section 179 is the workaround.
Flight Crew Taxes: The Pilot and Flight Attendant Guide to Per Diem, Crash Pads, and Multi-State Income
IRS rules let flight crew exclude per diem up to the $80 transportation rate, deny crash-pad deductions, and limit state tax to two states.