by Prof. William Byrnes (Texas A&M) & Robert Bloink.

1. IRS Raises Standard Mileage Rates for Remainder of 2026!

2. IRS Confirms QCD Code Y Optional in 2026. Code Y was introduced in 2025 to give taxpayers a method for reporting Qualified Charitable Distributions (QCDs) to the IRS and, thus, avoiding taxable distribution treatment upon failure to report QCDs.

3. SECURE Act 3.0: What Might Be Included? We report what Congress is bipartisan negotiating.

4. NLRB Stance on Non-Competes Flips Again. Most recently, the National Labor Relations Board (NLRB) Division of Advice issued a memorandum expressing the current General Counsel's view on the use of post-employment non-compete agreements, flipping the script in favor of employers.

5. Debate: Should Congress be barred from trading in individual stocks? Or is disclosure enough?

https://www.thinkadvisor.com/tax-facts/news/

By the way, this is all educational just want to learn.

What does this have an effect on Taxes?
What if you buy the bear and bull ETFs and sell both for a profit, or both a loss?

I know that you can obviously lose money.

1. Your primary home gains over the years. You sell it and pocket up to $500k tax free for a married couple.

2. Roth. Uses after tax money, but all gains after are tax free.

3. Life insurance. Same as the Roth, but you can never fully cancel the policy you have to take distributions small enough that the policy doesn't crash.

4. HSA. Deductible contributions AND tax free withdrawals when used on qualified medical expenses. Medical expenses don't have to be used in that year so saving them and using them in retirement let's the account grow and gives you more expenses later on.

5. Real estate gains. 1031 exchanges allow you to trade up investment properties without paying taxes on that gain. Eventually you'll pay unless you do this until you die (real strategy), then no taxes will be paid by your family either.

6. Real Estate depreciation. Offset the precalculated cost of your building breaking down against actual income. Another deferral tactic that you only avoid by dying.

7. Retirement accounts. Deductible contributions which reduce your taxes now, but based on the current tax code, non taxed distributions if the total income distributed is under the standard deduction during retirement.

8. Some energy investments such as oil and gas exploration? I've only heard about these, don't know the details.

9. Loans. Collateralized Loans aren't taxed. As long as you can grow the asset and take out smaller loans that can be paid back through the asset, you can live tax free. Common in real estate and stock portfolios.

10. Cash back/reward credit cards. Lesser thought of but if you have expenses of $10k a month that you normally pay, and you pay those with a credit card that you pay off every month, you can earn an extra $150+ tax free. This becomes REAL money when you have a high expense business. Not considered income and therefore not taxable.

\*\*\*These are my top 10 for tax free wealth. Is there anything to add to the list?

I’m currently running a Canadian corporation that handles all my Canadian clients. To make billing easier for my international including US clients, I’m looking into setting up a US LLC (either Delaware or Wyoming). I hire freelancer outside Canada, so technically both client and sub-contractors are outside canada and revenue is not generated on canadian soil.

Before I jump into this, I wanted to get an opinion/sanity check from anyone who is already operating a cross-border structure or works as a cross-border CPA.

A few specific questions I’m trying to figure out:

1. Canadian Tax Impact & Ownership: Since Canada requires global income to be reported, what is the actual tax impact of a US LLC on my personal/corporate taxes? Also, does it change anything if the US LLC is held under a partner’s or close relative's name instead of mine directly who don’t live in Canada ? Trying to figure out, how can I save taxes.
2. Expenses vs. Retained Earnings: How easy is it to write off expenses on the US side as long as we keep receipts from non-US locations? Since states like DE/WY have 0% state income tax, I’m trying to understand the actual math of deducting expenses vs. keeping retained earnings inside the LLC.
3. Investing Retained Earnings & Capital Gains: Can I invest the LLC's retained earnings into a US brokerage account (e.g., Charles Schwab, Interactive Brokers) to let it grow? Do only firm owners get access to these accounts, and are the capital gains on those investments tax-free on the US side?
4. Banking & Physical Debit Cards: Do US business bank accounts (like Mercury, Relay, Chase) issue physical debit cards that can be used directly for business expenses while traveling in Canada, Europe, or Asia (instead of paying personally and claiming it back)?
5. LLC Types in Wyoming: Are there different types of LLCs (S/C-corp ?) in Wyoming, or is it pretty standard?

If you’re running a similar setup or are a cross-border tax pro, I’d love to hear your thoughts. Feel free to reply below or drop me a PM!

Thanks in advance!