Tax News & Blogs
Is It Possible for the General Public to Buy Spirit Airlines?
How the Updated “Tipped Occupations” List Impacts Crew, Charter Operations, and Yacht Businesses
Corporate Superyacht Ownership: Why U.S. Tax Structure Matters as Much as Your Flag State
Coal Company Owner Sentenced for $22.1M Payroll Tax Scheme
Learn from a $22.1M payroll tax fraud case. Discover how IRS-CI builds cases, understand personal liability, and protect your business assets today.
$85M Miami Real Estate Fraud Case Highlights Hidden Payroll Tax Risks for Business Owners
Federal prosecutors charged a Miami developer in an $85M fraud case—but the real lesson for businesses may be payroll tax compliance and IRS trust fund liability.
Superyacht Brokerage in 2026: Why January’s Sales Surge Is More Than a Headline
January 2026 delivered an unusually strong start to the superyacht brokerage market, with completed transactions moving faster than traditional seasonal patterns suggest. Rather than signaling speculative heat, the momentum reflects a disciplined, execution-driven environment where pricing realism, preparation, and structural readiness are determining outcomes for buyers and sellers alike.
Foreign Investors Earned Over $23 Billion From U.S. Partnerships
New IRS statistics reveal foreign investors earned $23B from U.S. partnerships, highlighting major withholding and Form 8805 compliance obligations.
Boston Contractor Sentenced for Tax Evasion
A Boston contractor was sentenced for concealing business income, cashing customer checks, and failing to file required tax forms, causing over $3M in tax losses.
Federal Court Sentences Colorado Promoter to 12.5 Years for Abusive Trust Tax Shelter and Ponzi Scheme
An IRS criminal case resulted in a 12.5-year federal prison sentence for promoting an abusive trust tax shelter and fraudulent investment scheme.
Treasury and IRS Issue Guidance on New Car Loan Interest Deduction — What It Means for the Marine Industry
Treasury and IRS issued guidance on the new car loan interest deduction, including eligibility and lender reporting rules under OBBB.
How Rising Corporate Security Costs Could Affect Your 2025 Taxes
Rising security and cybersecurity costs may affect how small businesses deduct expenses, depreciate assets, and report executive benefits on 2025 tax returns.
Do Yacht Crew Pay US Taxes in 2026? A Global Guide for Yachties & Superyacht Crew
Treasury and IRS Issue Guidance on New Health Savings Account Tax Benefits Under OBBB
New IRS guidance explains expanded HSA eligibility, tax benefits, and planning strategies for individuals and business owners under OBBB.
IRS Updates Section 163(j): What It Means for Marine Businesses (2025–2026)
The IRS updated Section 163(j rules affecting business interest deductions, depreciation add-backs, capitalized interest, and foreign income for 2025–2026.
The Biggest Yachting Industry Stories of the Month
Foreign Earned Income Exclusion for Yacht Crew Explained
Learn how yacht crew qualify for the Foreign Earned Income Exclusion (FEIE), day count rules, tax home pitfalls, documentation, and red flags.
How Yacht Owners Should Structure Crew Payroll (Without Creating a Tax, Legal, or Compliance Mess)
Crew payroll is one of the largest recurring costs of owning a yacht—and one of the easiest places to accidentally create risk. Here’s a practical, owner-focused framework that keeps things clear, compliant, and audit-resilient without overcomplicating it.
The Impact of the New H-1B Fee Change
Explore the impact of the $100,000 H-1B fee on U.S. immigration policy. Yacht operators and specialized crew should adjust visa strategies accordingly.
Yacht Crew Taxes in 2025: IRS Audits and Red Flags Every Crew Member Should Know
Learn the top IRS audit red flags yacht crew face in 2025 and how to stay compliant with expert tax guidance from McGregor Financial Services. Regularly review your tax documents and maintain control over your financial records to minimize audit risks.
Independent Contractor vs. Employee: What the 2025 Changes Mean for Yacht Crew
Discover what 2025 tax rule changes mean for yacht crew classified as independent contractors vs employees with McGregor Financial Services.