Can OCI Cardholders Get a Pension in India?
Understand the financial regulations and processes that allow Overseas Citizens of India to build a retirement income source directly within the Indian system.
Investment and Financial Markets
Capital Gains Tax on a Primary Residence in California
Understand the tax implications of selling your primary residence in California. Learn how federal exclusion rules and state tax law interact to determine your liability.
What Is the Shared Responsibility Payment for Health Care?
Learn about the former federal tax penalty for being uninsured and how its framework informs current state-level health insurance mandates.
What Are Authoritative Pronouncements in Accounting?
Gain insight into the official guidelines underpinning reliable financial reporting and auditing, including who creates the standards and how they are organized.
What Is Worldwide Income and How Do You Report It?
Navigating U.S. tax on foreign income involves distinct rules. Learn your reporting obligations and how to use key provisions to avoid double taxation.
Does Florida Tax Lottery Winnings?
Florida may not tax your lottery prize, but that’s only part of the story. Learn how federal tax and your payout decision will affect what you keep.
What Is Recomputed Federal Adjusted Gross Income?
Understand recomputed federal AGI, a modified version of the standard figure used to ensure proper tax calculations in specific, complex circumstances.
Can an LLC Be a Beneficiary of a Trust?
Explore the framework created when an LLC is a trust beneficiary, affecting how assets and responsibilities flow from the trust through the company to its members.
What Is 401 c for Self-Employed Retirement Plans?
As a self-employed individual, you are both employee and employer for your retirement plan. Explore how this structure guides your savings and responsibilities.
How Do Taxes on a Back Pay Settlement Work?
Understand the complex tax rules that apply to back pay settlements. This guide explains how timing and structure affect your award’s final value.
What Is a Tax Levy and How Does It Work?
Understand the formal process of a tax levy, the legal seizure of assets for unpaid taxes, and the specific options available for its resolution.
What Is a Risk Analysis and Why Is It Important?
Learn how a systematic risk analysis provides the clarity needed to protect your objectives and make more effective strategic business decisions.
Federal Tax Legislation Update: Key Changes
Gain a clear understanding of recent federal tax legislation. This overview explains the practical impact of new adjustments on your financial and tax planning.
FICA vs. FUTA: Employer Tax Responsibilities
Understand the key differences between FICA and FUTA to manage your employer tax responsibilities, from calculating liabilities to depositing and reporting.
Form 8918: Material Advisor Disclosure Statement
Understand the compliance obligations for tax advisors. This guide explains when involvement in certain transactions requires filing Form 8918 with the IRS.
Types of Trusts for Elderly Asset Protection
Understand how trusts safeguard senior assets by balancing lifetime control with planning for long-term care needs and securing a financial legacy.
What Is ASC 350-20-35 for Goodwill Impairment?
ASC 350-20-35 provides the accounting framework for goodwill’s subsequent measurement, detailing the process to assess if its carrying amount exceeds its fair value.
Notice 2023-2: Rules for the Corporate Stock Buyback Tax
This analysis of IRS Notice 2023-2 clarifies the mechanics of the 1% stock buyback tax, including the crucial netting rule for stock issuances.
HR 4346: The CHIPS Act and Its Tax Credit
Discover how the CHIPS Act combines direct funding, broad research investment, and a major tax credit to bolster U.S. semiconductor capabilities.
What Is the 6400 Tax Credit for Employers?
Get a complete overview of the Work Opportunity Tax Credit, the federal incentive program often searched for as the “6400 tax credit” for employers.