#tax
Tax strategies, planning, and compliance for individuals and businesses
Slovakia's parliament rejected the €85,000 VAT threshold on May 7, 2026 — the €50,000/€62,500 registration tests still apply, with five working days to file.
IRS Form 1099-Q Box 1 is your total 529 distribution, Box 2 the possibly taxable earnings, Box 3 tax-free basis — and tax follows the recipient's SSN.
Kazakhstan's 2026 Tax Code lifts VAT from 12% to 16%, halves the registration threshold and bars deducting payments to simplified-regime suppliers.
Spain pushed Verifactu to July 1, 2027 for autónomos — but certified billing software, QR codes and hash-chained invoices are still coming. Prepare now.
IRS Rev. Proc. 2008-16 lets a vacation home qualify for a 1031 exchange: rent it 14+ days a year at fair rent and cap personal use, 24 months before and after.
Albanian freelancers pay 0% profit tax through 2029 only with a NIPT and business account — otherwise 15% on gross. The amnesty ends Dec 31, 2026.
Section 274(o) ended the employer meal deduction in 2026: cafeterias and convenience meals are 0% deductible, yet still tax-free to employees.
Hawaii's Act 182 opens 7-year enterprise zone tax breaks — full GET exemption plus an 80% income tax credit — to retail, health care, and IT firms in-zone.
The IRS pulled its Delinquent FBAR Submission Procedures on July 1, 2026. Late FBARs still aren't auto-penalized — reasonable cause is now your shield.
Lithuania's small-business tax rose to 7% in 2026 and the 9% VAT rate is gone — recompute advance payments and fix invoice templates before year-end.
EE and I bond interest is federal-tax-free for college tuition — unless the bonds were ever in your child's name. Form 8815 rules and 2026 limits.
Slovenia's 2026 reforms lift normiranci ceilings to €150,000/€70,000 with new progressive tiers — what freelancers owe and the year-end moves to make.
