The Federal Fuel Tax Credit Most Contractors, Landscapers, and Farms Never Claim
Off-highway gasoline earns $0.183/gal back and undyed diesel $0.243 — claim the federal credit on IRS Form 4136 with your return.
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Tax
Tax strategies, planning, and compliance for individuals and businesses
The Kill Fee Clause Every Freelancer Contract Needs
A fair kill fee is 25% before kickoff or completed work plus 25–50% of the rest mid-project — and every retained dollar is Schedule C income.
Your Refund Is on Hold and the IRS Wants Documents: How to Answer a CP05A Notice
An IRS CP05A notice holds your refund until you send W-2s, 1099s and pay stubs — reply within 30 days, allow 45–60 days more, and escalate with Form 911.
New Hampshire HB 155 Raises the BET Filing Threshold to $400,000: What Small Businesses Need to Know
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%.
One Lopsided Distribution Can Endanger Your S Election: The Single-Class-of-Stock Rule
An S-Corp loses its election if any share gets different distribution rights. Five IRS traps, plus the straight-debt safe harbor for shareholder loans.
Paraguay's IRE Simple Regime: How to Cap Your Business Tax at 3% in 2026
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.
Tearing Down a Building? Why Section 280B Adds Demolition Costs to Your Land Basis Instead of Giving You a Deduction
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.
FAVR Vehicle Reimbursement, Explained: Pay High-Mileage Drivers Tax-Free Without the Flat-Allowance Tax Waste
FAVR pays drivers tax-free with a fixed monthly allowance plus a per-mile rate — but it needs five drivers, 5,000 miles each, and a quarterly IRS ceiling test.
Are Frequent Flyer Miles Taxable? What IRS Announcement 2002-18 Says About Your Business-Travel Rewards
Miles earned by flying or card spending are tax-free rebates under IRS Announcement 2002-18; bank-account bonuses and cash conversions are taxable income.
Honduras' 2026 Tax Amnesty and RIT Extension: What Small Businesses Should Know
Honduras waives penalties on tax arrears through 2025 if paid by October 12, 2026 — and extends RIT duty-free imports five years for exporters.
Prove You're Tax Compliant in Minutes: The IRS's New Digitally Authenticated Tax Compliance Report
The IRS Tax Compliance Report (Letter 6201/6574) proves you filed and paid on time with an embedded digital certificate — no income details shared.
You Won a Hackathon (or a Sweepstakes, or a Car): How the IRS Taxes Prize Winnings and the One Legal Way to Refuse One
US prize winnings are ordinary income at fair market value — report them on Schedule 1 even when no 1099-MISC arrives under the 2026 $2,000 threshold.