You can change your domicile to Florida, file the paperwork, and still owe New York tax on your worldwide income. Keep an apartment in Manhattan, cross 183 days, and the statutory residency rule makes you a full New York resident no matter where your home really is.
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The 401(k) elective deferral limit is one number per person, not one per employer. Run two jobs that each offer a plan and you can sail past it without either payroll system noticing, and an uncorrected excess deferral is one of the few things the tax code manages to tax twice.
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Each employer withholds federal tax as if its paycheck is the only one you have, applying the standard deduction and the low brackets twice. Stack two jobs and you are quietly under-withheld at your true marginal rate, which is how a high earner ends up with a five-figure balance due and an underpayment penalty on top.
Read postWages usually follow where you sit, so two remote jobs worked from your own home should be home-state income. A handful of states disagree. New York's convenience-of-the-employer rule can tax a remote paycheck in full, and your home-state credit may not cover the whole bill.
Read postOn paper a Solo 401(k) shelters far more than a SEP-IRA. But once your W-2 jobs have used up your elective deferral, both plans hold exactly the same contribution on your 1099 income, and the real decision comes down to one thing the SEP quietly breaks: the backdoor Roth.
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The S corp pitch is built on saving the 15.3% self-employment tax. But 12.4% of that is Social Security, and it stops at the wage base. If your W-2 jobs already maxed it out, an S corp on your 1099/C2C income can cost more than it saves.
Read postWork two full-time W-2 jobs and each employer withholds Social Security tax as if it were your only paycheck. That over-withholds Social Security and refunds the excess, while quietly under-withholding the Medicare surtax and your income tax. Here is how the Social Security wage base and the excess Social Security credit actually land on an overemployed return.
Read postMove from San Francisco to Austin before a liquidity event and the FTB may decide you never really left. Here is how a California FTB residency audit applies §17014 and the Bragg factors, and what is actually at stake on $4 million of RSU income.
Read postAn S corporation pays payroll tax only on the salary, not the distributions. Two politicians showed how far that goes, and the IRS has been drawing the line ever since.
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Filing Form 4547 is now a short online wizard inside your IRS account. Here is how to file Form 4547 online in 2026 to open a Trump Account for your child and claim the free $1,000 federal contribution, step by step.
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Elon Musk has pledged more than 236 million Tesla shares to banks. Carl Icahn carried a $1.2 billion loan and paid $0 federal income tax in two separate years. This is the buy, borrow, die tax strategy, how it works, the IRC §1014 step-up that makes it permanent, and what the 2026 law and Moore v. United States changed.
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Weeks before Facebook went public, co-founder Eduardo Saverin gave up his US passport and moved his roughly 4% stake to Singapore. The move drew a Senate bill named after him and saved a reported nine figures in future US tax. Here is how the exit tax for renouncing US citizenship works under IRC §877A, who counts as a covered expatriate at the 2026 numbers, and why the date you leave decides the bill.
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