New Hampshire Residency Requirements for Tax Purposes
Learn how NH uses the concept of domicile, rather than physical presence, to determine tax residency and the steps needed to align your status with state law.
Investment and Financial Markets
Form 706 vs. 709: Differences in Estate and Gift Tax
Explore how federal tax rules connect financial gifts made during your lifetime to the final settlement of your estate and its tax obligations.
IRS Taxes Owed After Death: Who Is Responsible?
This guide clarifies tax responsibilities following a death, detailing the process for resolving the decedent’s and the estate’s separate IRS obligations.
Should I Take RMD Monthly or Annually?
Deciding on an RMD withdrawal schedule involves balancing investment growth potential against income predictability. Learn how to choose the right approach for you.
Taxes on the Sale of a Primary Residence
Navigate the tax implications of selling your home. This involves understanding eligibility for a key exclusion and correctly calculating your true gain.
Pros and Cons of the Centralized Partnership Audit Regime Election
Deciding to elect out of the CPAR partnership audit rules involves a strategic trade-off between administrative simplicity and partner-level tax control.
Allocated Expenses: What They Are and How to Calculate Them
Gain a clearer view of profitability by properly assigning shared operational costs, leading to more accurate financial analysis and informed business decisions.
A Full Comparison of Property Taxes by State
Explore the core mechanics of property tax assessment and the key economic and policy factors that drive the wide variance in rates across the U.S.
How to Handle Sales Tax on Freight Charges
The taxability of freight charges is often tied to the goods being sold. Understand how state rules affect your business’s sales tax obligations.
IRS Asset Life Table: Finding Your Recovery Period
Determine the correct useful life for your business property by navigating the IRS’s official asset classification system for accurate tax depreciation.
PTA Tax Rules for Nonprofit Organizations
Learn the key financial procedures for Parent Teacher Associations to maintain good standing and properly manage income as a nonprofit organization.
Leased Fee Interest vs. Leasehold Interest
A property lease divides ownership into two distinct interests, creating separate financial values and bundles of rights for both the landlord and tenant.
What Is Considered a Finished Basement for Tax Purposes?
Finishing your basement changes your home’s financial profile. Understand how this improvement affects your property’s value and your tax obligations.
What Is the Meaning of Nonattest Services?
Explore the professional accounting services that do not provide assurance and the essential independence considerations that govern their practice.
What Qualifies as a Taxable Fringe Benefit?
Understand the principles governing non-cash compensation. This guide explains the framework for classifying benefits and determining their impact on taxable income.
Tax Treatment of Real Estate Development Costs
Gain insight into the tax principles for property development and how project expenditures are structured into an asset’s long-term financial basis.
Virginia State Sales and Use Tax Requirements
Understand your business’s sales and use tax responsibilities in Virginia. This guide explains how nexus, product taxability, and local rates shape compliance.
Inherited IRA Rules for a Disabled Beneficiary
Navigate the regulations for a disabled individual inheriting an IRA to utilize a lifetime payout schedule and preserve eligibility for government assistance.
Can You Write Off a Tesla on Your Taxes?
Thinking of writing off a Tesla? Your eligibility for tax savings depends on the specific model, its primary use, and even your personal income level.
Does California Tax Lottery Winnings?
Understand the tax implications for a California lottery prize. While state rules are favorable, other factors determine your final tax obligation.