Investment and Financial Markets

A C corp’s final asset distribution is treated as a sale, creating distinct tax calculations and reporting requirements for the entity and its shareholders.

Gain a foundational understanding of the U.S. tax system’s framework, including its legal origins, revenue sources, and administrative procedures.

Understand the nuances of Virginia’s tax treatment for military retirement pay. This guide clarifies the state-level subtraction and its interaction with other deductions.

Explore how certain dividend income qualifies for lower tax rates than ordinary income, based on holding periods and income thresholds that affect your liability.

Pension income is generally taxable, but the amount can vary. Learn how your contributions affect your tax liability and the procedures for managing payments to the IRS.

Ensure your work history is properly credited toward your future Social Security. Learn the official process for addressing and resolving reporting errors.

Learn if your employment status allows you to delay required 401k withdrawals. Understand the specific conditions and how this rule affects your accounts.

Whether your gas allowance is taxed as income depends on your employer’s reimbursement structure and your ability to substantiate business use.

Your choice of accounting method for stock sales directly affects your taxable capital gains. Explore how to strategically select shares to manage your tax outcome.

Understand the process for Illinois sales tax registration. This guide helps businesses prepare for and correctly fulfill all state requirements for compliance.

Learn how required minimum distributions apply to your annuity. The rules for taking withdrawals are determined by the contract’s specific tax treatment.

Navigate the IRS rules for business promotion costs. Learn the principles for classifying your spending to ensure proper tax treatment and compliance.

Withdrawing a Social Security application is a permanent choice with specific financial outcomes. Learn the purpose and process for using Form SSA-521.

Your global generosity can align with US tax law. Explore the specific structures and rules for making tax-deductible contributions to support foreign causes.

Understand the tax implications of moving from accrual to cash accounting. This guide details the necessary one-time adjustment for a proper tax filing.

Examine the corporate structure where a C corp owns an LLC, detailing how this arrangement offers distinct liability and tax treatment options for the parent.

Michigan’s pension tax rules have changed, offering new options for retirees. This guide helps you navigate the law and choose the most beneficial deduction.