Business and Accounting Technology

Explore tax-efficient strategies for reinvesting proceeds from a property sale. Learn how to legally defer or eliminate capital gains by following key IRS rules.

Clarify the roles of key income figures in your tax calculation. Learn how MAGI is used for eligibility and the standard deduction for your taxable income.

Understand Minnesota’s distinct approach to capital gains tax. The state treats profits from assets as ordinary income, subject to its standard tax rates.

Inherited stock is subject to unique tax provisions. Understand how your asset’s value is determined and the strategic options for managing your tax obligation.

Understand how recent Iowa tax law changes affect your 401(k) withdrawals. Eligibility for the state retirement income exclusion is based on key personal criteria.

Explore the relationship between an LLC’s federal tax status and California’s unique, multi-layered requirements to understand your complete tax obligations.

A guide to Washington’s 7% capital gains tax, explaining the large standard deduction, crucial asset exemptions, and calculation adjustments.

Understand the IRS framework for allowable living expenses and how it is used to determine your ability to pay back a delinquent tax liability.

Understand the payback rules for a 401k loan, including how they change with your employment, to avoid costly tax consequences and preserve retirement funds.

Understand Alabama’s pay-as-you-go tax system for income not subject to withholding. This guide covers the process for making compliant quarterly payments.

A new tankless water heater may reduce your tax liability. Understand the specific equipment requirements and financial caps for claiming the federal energy credit.

Understand the IRS rules and legal duties connecting a donor’s specific charitable goals with a nonprofit’s responsibility to manage the funds.

Navigate the requirements for 501(c)(7) status, balancing member-focused activities with strict IRS rules on income, operations, and annual reporting.

Gain a foundational understanding of how the U.S. government levies, collects, and allocates federal tax revenue to fund public services.

An EIN formalizes an estate for financial and tax purposes. Learn the requirements and procedures for securing this necessary federal tax ID.

This guide details the requirements and procedures homeowners must follow to claim the federal tax credit for a high-efficiency mini-split installation.

Understand the tax principles behind commuter benefits and why IRS rules prevent cash refunds, impacting how you can use or retain your remaining balance.

Navigating per diem meal deductions requires understanding current tax rules, not expired ones. Get clarity on deduction limits and essential travel records.

Received a tax form for your HSA distribution? This guide clarifies how these withdrawals are classified and what it means for your annual tax return.