Park & Associates P.S., CPA

04/29/2026

부자들은 갖고 있는 걸 팔지 않는다고 하죠. 대신 자산을 담보로 잡히고 돈을 빌린 다음 세상을 떠날 때 후손들에게 물려 주는 방법을 쓴다고 합니다. 이렇게 하면 캐피탈게인 세금을 피할 수 있다고 해서죠.
소위 말하는 Buy-Borrow-Die 전략인데 중산층이나 서민들도 이 전략을 사용할 수 있을지 궁금해졌습니다. 그래서 톡톡 채널에서 살펴 봤습니다.

8 likes, 1 comment. "The Rich Never Sell"

04/13/2026

Tax Filing Deadlines Postponed Until May 1 for Washington State Taxpayers.

WA-2025-03, Dec. 23, 2025 — The Internal Revenue Service announced today tax relief for individuals and businesses in the State of Washington affected by severe storms, straight-line winds, flooding, landslides, and mudslides that began on Dec. 9, 2025. These taxpayers now have until May 1, 2026, ...

03/20/2026

If you're buying a house with all cash, you might need to be careful starting this year. Because if you purchase residential real estate with four or fewer units under an LLC or corporate name, you'll have a FinCEN reporting obligation. However, purchases in an individual's name or corporate purchases of apartments or commercial real estate are recognized as exceptions.

금년 3월부터 올 캐쉬로 주택을 사는 경우 FinCEN 에 신고해야 할 수도 있습니다. 다만 이 규정은 4 유닛 이하의 거주용 주택을 회사나 트러스트 명의로 구입할 때만 적용되니까 그나마 다행입니다.

03/13/2026

Beginning December 24, 2025, the United States Postal Service (USPS) quietly implemented significant updates to how postmarks are defined and applied. These changes directly affect taxpayers who plan to mail their tax returns to avoid e-filing fees and may inadvertently put them at risk of late filing penalties if they rely on old assumptions about postmark timing. Understanding these changes is essential so taxpayers can avoid the problem with IRS.

Under IRC § 7502, a tax return, refund claim or tax payment is deemed to be filed or paid on the date of the postmark stamped on the envelop in which it was mailed even if received by the IRS days or weeks later

03/08/2026

Effective March 1, 2026, the SBA requires 100% of all direct and indirect owners of a small business applicant to be U.S. citizens or U.S. nationals. Principal residence must be in the U.S. or its territories. These stringent rules, which exclude lawful permanent residents (green card holders), apply to 7(a) and 504 loans.

The move would bar small businesses with any amount of ownership from green card holders from applying for the agency’s most popular small business loan program.

02/05/2026

Effective January 1, 2026, Washington state imposes a full retail sales tax—typically around 10.3%—on sales of precious metal bullion (gold, silver, platinum, rhodium) and coins, ending a 40-year exemption.

Effective Jan. 1, 2026, sales of precious metal bullion and monetized bullion are no longer excluded from the definition of wholesale and retail sales. See Special Notice, Sales of precious metal bullion and monetized bullion now subject to B&O tax and retail sales tax. Paper currency Paper cur...

01/08/2026

Tax relief for taxpayers impacted by severe storms, straight-line winds, flooding, landslides, and mudslides in the State of Washington; various deadlines postponed to May 1, 2026.

WA-2025-03, Dec. 23, 2025 — The Internal Revenue Service announced today tax relief for individuals and businesses in the State of Washington affected by severe storms, straight-line winds, flooding, landslides, and mudslides that began on Dec. 9, 2025. These taxpayers now have until May 1, 2026, ...

01/08/2026

The official start date for the 2026 U.S. tax season, when the IRS will begin accepting and processing 2025 individual income tax returns, is Monday, January 26, 2026.

The 2026 tax season starts on Jan. 26, according to the IRS. Here are some key things filers need to know.

12/18/2025

Reversing a district court, the Eleventh Circuit held that the Corporate Transparency Act (CTA), which mandated beneficial ownership information (BOI) reporting, is constitutional and remanded the case for further proceedings. The law is still on the books and found to be constitutional.

What does this mean? Do all domestic companies, being exempted from filing requirement by Treasury's interim final rule, now have obligation for BOI reporting?

Probably not under the current administration. However, not sure about for a future administration. The executive branch cannot simply overturn laws passed by Congress. It can choose not to aggressively enforce a law. This can lead to complications.

A U.S. Court of Appeals upheld the CTA as constitutional, finding that Congress had the right to request beneficial ownership information. Treasury has declared that domestic companies don’t have to provide it.

12/16/2025

Washington State's 2026 tax law updates. Key updates for 2026 include:

Business and Occupation Tax

• Surcharge on High-Grossing Businesses: A new, temporary 0.5% B&O tax surcharge applies to the portion of a business's Washington taxable income that exceeds $250 million annually. This is in addition to existing B&O taxes.
• Advanced Computing Surcharge Increase: The surcharge for select advanced computing businesses (those in affiliated groups with over $25 billion in worldwide revenue) has increased significantly from 1.22% to 7.5% of gross income, with the annual cap raised to $75 million.
• Payment Processing Services: A new B&O tax classification has been created for certain payment processors, taxed at a rate of 3.1%.
• Investment Income Deduction Clarification: New rules clarify that investment income is generally deductible if it's incidental to the main business purpose, specifically if total worldwide investment income is less than 5% of total worldwide gross income.
• Expanded Voluntary Disclosure Program: The state offers a temporary voluntary disclosure program for entities with B&O tax liabilities from investment activities (that are not banking, lending, or securities businesses), allowing for the waiver of penalties and interest for qualifying applicants.

Sales and Use Tax Changes

• Luxury Vehicle Tax: An additional 8% tax is now imposed on the portion of the sale, lease, or transfer price of a motor vehicle that exceeds $100,000.
• Aircraft and Watercraft Taxes:
• An additional 10% tax applies to noncommercial aircraft sales or leases exceeding $500,000, effective April 1, 2026.
• A new 0.5% sales tax applies to recreational vessels at purchase or lease, effective July 1, 2026.
• Tire Fee Increase: The fee on the sale of new motor vehicle tires increased to $5 per tire (previously $1).
• Car Rental Tax Increase: The rental car sales tax rate increased to 11.9% in 2026.
• Existing Contracts for Services: For services newly subject to sales tax in late 2025, sellers with existing contracts that were not materially changed can delay collecting sales tax until April 1, 2026.

Other Updates

• Minimum Wage Increase: Washington's minimum wage increased to $17.13 per hour starting January 1, 2026.
• To***co Products Tax Expansion: The definition of "to***co products" for tax purposes has expanded to include all products containing ni****ne, whether derived from to***co or synthetic, effective January 1, 2026.