A new plant is 39-year property, so a $10,000,000 building opened in July 2026 buys a $117,700 deduction. IRC §168(n) turns the production floor into a year-one write-off, and the office wing is what you have to carve out.
Read postGoodwill that belongs to you personally is taxed once, at up to 23.8%. Goodwill your corporation owns is taxed at 21% and again on the way out, and the difference on a $4,000,000 allocation is $640,080.
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Act 60 exempts the appreciation that happens after you become a bona fide resident of Puerto Rico. The gain you carried in with you stays US-source for 10 years, and nothing about the move changes the federal rate on it.
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A company-owned policy that funds a buy-sell agreement is a corporate asset on the date of death, and the obligation to redeem the shares does not offset it. The Supreme Court settled that in 2024, and most shareholder agreements still have not caught up.
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A Roth conversion ladder is not one five-year wait. Every rung starts its own clock on January 1 of the year you convert, and spending a rung early costs 10% of whatever was taxable when you made it.
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A working interest in a drilling program deducts 60% to 80% of what you put in against your salary the same year, with no material participation test to pass. The alternative minimum tax claws part of it back, and §57(a)(2)(E) is why the write-off can never cut your AMTI below 60% of your pre-deduction income.
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A charitable remainder trust sells your appreciated asset with no tax at the sale, then pays you back over as long as 20 years while you pay the tax as the money arrives. The catch is that at least 10% of the value has to leave for good, and S corporation stock cannot go in at all.
Read postWashington taxes an RSU vest at nothing, because it has no income tax. Utah taxes every tranche that vests after you arrive at 4.45%, on all of it, with no credit to claim because Washington never charged you anything to credit.
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New York's convenience-of-the-employer rule treats the days you work from your house in Utah as days worked in Manhattan. Utah taxes the same wages as resident income, and the credit that is supposed to fix that stops at 4.45%.
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Trading a 13.3% top rate for a flat 4.45% is the reason most people make this move. California still computes your rate on income it cannot tax, and still owns a share of every share you were granted there.
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Utah taxes the part of the year you were here, and the schedule that decides how much is TC-40B. The number most people get wrong is Column A, and the credit they expect to rescue them usually pays nothing.
Read postRev. Rul. 2004-86 lets a beneficial interest in a Delaware statutory trust stand in for the rental you sold, which is how an investor defers a $925,000 gain without screening another tenant. The treatment survives only if the trustee is stripped of seven specific powers.
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