Self employment tax Texas owners pay is federal, not state. The 15.3 percent under IRC 1401, the wage ceiling rule, and what an S corp election…
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Read full articleTexas inheritance tax was repealed in 2015 and banned by the state constitution in 2025. What a Texas heir still owes federally and out of state.
Read full articleThere is no New York exit tax, but the state taxes departing residents through domicile audits, statutory residency, and Section 639 accruals.
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Read full articleDivorce house buyout taxes explained: IRC 1041 nonrecognition, the carryover basis trap, Section 121 after divorce, and Florida deed stamp rules.
Read full articleThe California LLC franchise tax is $800 every year and runs until you file the certificate of cancellation. Moving out of state does not stop it.
Read full articleRoyalty income tax explained for 2026: Schedule E versus Schedule C, depletion, severance tax on the 1099-MISC, trust rates, and estimated payments.
Read full articleMoving from California to Florida taxes your income differently only once residency ends. What California still taxes, and what Florida changes.
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