Donating Appreciated Stock to a Private Foundation: Tax Rules
Understand the specific tax framework for gifts of appreciated stock to private foundations, a strategy governed by rules distinct from public charities.
Accounting Concepts and Practices
What Is Form IT-201 and How Do I File It?
This guide for New York residents clarifies the process for Form IT-201, explaining how to use your federal return and apply key state-level adjustments.
Does California Have a Luxury Tax on Cars?
While California has no official luxury car tax, its combination of value-based fees creates a similar effect. Understand the real financial impact on a vehicle.
What Is a Reimbursement Grant and How Does It Work?
Reimbursement grants operate on a spend-first model. Learn the process for managing your project expenses and navigating the claim for successful repayment.
What Are the Tax Implications of a Transfer on Death?
While a Transfer on Death avoids probate, tax obligations remain. Learn how an asset’s value at death impacts what a beneficiary owes when they eventually sell.
Can I Open a Traditional IRA? Eligibility Requirements
Find out if you can contribute to a Traditional IRA. Learn how to verify your eligibility and understand the tax-deduction options available to you.
Projected Unit Credit Method: Calculation & Reporting
Learn how the PUC method uses key assumptions to translate a future pension promise into a present-day liability for a company’s financial statements.
What Is Basic Life Imputed Income and How Is It Taxed?
Employer-provided life insurance isn’t always tax-free. Explore how the IRS assesses the value of this benefit and its impact on your overall taxable wages.
How to Handle California’s Used Car Sales Tax
Navigate the financial requirements of buying a used car in California. Understand the use tax process to ensure a smooth and compliant vehicle registration.
St. Louis County Personal Property Tax on a Car
Navigate the St. Louis County annual car tax. This guide explains how your vehicle’s value is assessed and what documentation you’ll need for registration.
What Are AGI Limitations on Tax Deductions and Credits?
Your adjusted gross income can limit your tax savings. Understand how AGI thresholds affect key deductions and credits, and learn ways to manage this important number.
Gross vs. Net Distribution: What’s the Difference?
Learn why the total value of a financial payment differs from the final amount you receive. This guide explains the calculation that determines your take-home value.
Can You Do a Backdoor Roth With a SEP IRA?
Having a SEP IRA can create tax complications for a backdoor Roth conversion. Understand the process to properly structure your accounts for a tax-efficient result.
TCJA Sunset 2025: How Your Taxes Will Change
Significant changes to the tax code are scheduled for 2026 as temporary provisions expire. Explore the financial impact and strategic planning opportunities available now.
What Is the Section 663(b) Election (65-Day Rule)?
The 65-day rule, or Section 663(b) election, provides fiduciaries a way to manage trust or estate income and tax liability after the year has ended.
Making the Real Estate Professional Grouping Election
Learn how grouping rental properties as a single activity can help qualify for loss deductions and understand the binding, long-term effects of this tax election.
How the 403b 15-Year Catch-Up Contribution Works
Long-service employees at certain organizations may use a special 403(b) rule to increase retirement contributions, helping to offset past low savings.
Does Oregon Tax Your IRA Distributions?
Learn how Oregon’s tax system treats IRA distributions. See how your federal return and a specific state tax credit factor into your final Oregon tax bill.
How to Get a Personal Property Tax Exemption in Missouri
Learn the specific circumstances that may exempt you from Missouri’s personal property tax and the process for securing the necessary waiver from your county.
What Is the UTPR Tax and How Does It Work?
The Undertaxed Profits Rule is an enforcement mechanism for the global minimum tax, acting as a backstop when a multinational’s income is not otherwise taxed.