Investment and Financial Markets

Understand the IRS process for establishing a single rightful claimant when multiple people qualify to claim the same dependent for tax benefits.

Gain a clear understanding of the IRS process for formalizing your nonprofit’s purpose and obtaining its 501(c)(3) determination letter.

Understand the tax implications of receiving a grant. The tax treatment varies based on the award’s source, purpose, and specific conditions.

Filing state taxes when you live in Wisconsin and work in Minnesota involves a specific process for wages and different rules for other types of income.

Beyond the headlines of high taxes, New York and California have vastly different financial frameworks. Understand how each system could impact your bottom line.

Gain clarity on fiduciary compensation. This guide explains how fees are structured, the standards for ensuring fairness, and their overall financial context.

Explore the IRC Section 408 framework that governs the tax treatment and compliant management of your Individual Retirement Arrangement.

How a parent company classifies costs related to its subsidiaries determines their tax deductibility. Explore the key distinction between oversight and services.

Making payments to a nonprofit? Your tax reporting obligations depend on the organization’s legal structure and the nature of the service provided.

Learn how to request an IRS penalty abatement by demonstrating reasonable cause. This guide covers preparing and submitting a persuasive claim using Form 843.

Learn the tax rules for expensing improvements to your leased commercial space. This guide covers eligibility and helps you navigate your deduction options.

Learn about Maryland’s tax provisions designed to reduce your overall tax burden, from your annual return to your home’s assessment and daily purchases.

Explore the role of the federal flight segment tax, a fixed fee on U.S. air travel that helps maintain the national aviation system infrastructure.

Understand the principles that define non-taxable income. This guide clarifies the rules for tax-exempt sources and explains their reporting obligations.

Learn about the key IRS calculation on Schedule A that limits the influence of large donations, helping nonprofits prove broad public financial support.

Understanding how much billionaires pay in taxes requires looking at how their fortunes grow versus how the tax system defines and measures taxable events.

Authorize a representative for your IRS tax matters. Our guide explains the process for establishing and managing a valid Power of Attorney using Form 2848.

Understand the compliance obligations for Chicago’s tax on leased property, which applies to both tangible goods and digital services like SaaS.