How to Calculate Capital Gains Tax With Examples
Learn to calculate the tax on profits from selling assets. Our guide provides a clear framework for determining your gain or loss and its impact on your taxes.
Investment and Financial Markets
What Is a Tax Burden and How Is It Calculated?
Discover what the tax burden means beyond a simple tax bracket, how it is measured for individuals and nations, and who ultimately bears the economic cost.
How Rental Property Depreciation Recapture Works
Selling a rental? The depreciation you’ve taken (or were entitled to) creates a unique tax situation. Learn how it affects your final gain and tax bill.
Can a Nonprofit Own Rental Property?
Owning rental property can be a source of nonprofit revenue, but how it’s used and financed determines federal and local tax obligations.
What Is Paid-Up Capital and How Is It Calculated?
Learn how paid-up capital reflects the funds received from shareholders, providing a key measure of a company’s financial base and overall solvency.
How Long to Keep Tax Returns After Death?
Settling an estate requires careful management of the deceased’s tax history. Learn about your obligations to ensure proper financial closure.
What Happened to the IRS Personal Exemption?
The personal exemption was once a key tax deduction. Understand the tax code’s shift to new relief methods and where the old rules may still apply.
How to Transfer a 529 Plan to Another Child
Transferring a 529 plan to a new beneficiary involves specific rules to maintain its tax-advantaged status. Learn the requirements for a qualified change.
Where Is Non-Taxable Income on a Form 1040?
Understand the rules for non-taxable income. While often excluded from Form 1040, some items must be reported to calculate tax or for informational filing.
Can You Sell Tax Credits? Here’s How It Works
Discover how businesses can convert federal tax credits into direct capital through a structured transfer, enabling project financing and tax liability management.
When Is the Filing Deadline for Form 990?
Your Form 990 due date is determined by your nonprofit’s fiscal year. Learn the rules for calculating this deadline and managing the filing process.
Saudi Income Tax: Rules, Rates, and Filing Process
Understand your tax obligations in Saudi Arabia. This guide clarifies the income tax system for non-resident individuals and foreign businesses.
Available Tax Deductions for Taking Care of Elderly Parents
Financially supporting an aging parent may qualify you for tax savings. Understand the specific IRS rules for dependent status and related tax benefits.
What Are IRC 1256 Contracts and How Are They Taxed?
Certain investments require unique tax handling. Learn how gains and losses are assessed annually and allocated between long-term and short-term categories.
What Is a 508 Trust? A Tax-Exempt Organization Reality
Learn the legal basis for the 508 trust. This guide clarifies the true scope of tax exemption and the operational requirements under federal tax law.
Tax Rules for a Transfer of Partnership Interest to a Partner
A transfer of a partnership interest creates distinct tax outcomes for the seller, buyer, and the partnership itself, affecting both partner and asset basis.
What Are the RMD Rules After an IRA Owner’s Death?
Inheriting an IRA? Your RMD rules depend on your beneficiary status and the date of death. Understand your withdrawal schedule and avoid potential tax penalties.
IRS Spousal IRA Contribution and Eligibility Rules
A Spousal IRA isn’t a special account, but a set of IRS rules that allows married couples to fund retirement savings for a partner with little or no income.
What Is an IRS Form 668-A (ICS) Notice of Levy?
An IRS Form 668-A levy is a legal seizure of assets. Understand the context behind this collection action and the structured process for resolution.
A History of Roth IRA Contribution Limits
Understand how legislative changes and economic adjustments have shaped Roth IRA contribution and income eligibility rules since their inception.