Investment and Financial Markets

Excess funds in a defined benefit plan create choices for employers regarding contributions, benefit levels, and navigating complex tax rules on asset reversions.

This guide clarifies the TD1AB’s role in aligning your Alberta payroll deductions with your personal tax credits, ensuring the correct amount is withheld.

Explore the procedural requirements for changing to the cash method of accounting, including the eligibility criteria for businesses under IRC Section 328.

Whether alimony qualifies as compensation for an IRA contribution depends on the timing of your divorce agreement and its resulting tax implications.

Discover how tax-exempt bonds issued by state and local governments can provide a federal subsidy, resulting in more affordable mortgage options for buyers.

Learn the requirements for organizations filing Form 1024 to gain tax-exempt status, from preparing foundational documents to navigating the IRS review process.

Transferring your personal car to your business involves a formal process with key tax implications for you as the seller and for the company’s finances.

Understand the compliance process for donating business goodwill. Learn how formal valuation and correct reporting are essential for your noncash charitable deduction.

Explore the historical, temporary rules that offered a transition period for businesses adapting to the ACA’s employer shared responsibility provisions.

After filing your state tax return, learn how to monitor its progress through the system and interpret what each official status update means.

Understand how at-risk rules determine your deductible loss. This guide explains how Form 6198 aligns your tax deduction with your personal financial stake.

An IRS Offer in Compromise, authorized by 26 USC 7122, provides a structured path for taxpayers to permanently resolve their federal tax liability.

Tax law requires insurers to defer deducting policy acquisition costs, capitalizing a proxy amount based on premiums and amortizing it over several years.

Learn how Colorado’s fuel tax functions as a system, from its collection from suppliers to its allocation for state and local transportation projects.

While a charitable contribution cannot create an NOL, its tax benefit can be preserved. Learn how deduction limits and carryover rules apply in low-income years.

Explore the different mechanisms within the tax code designed to lower your tax liability, and learn how to apply them correctly, even on a past return.

Writing off golf as entertainment is a thing of the past. Discover how certain related costs might be deductible under different parts of the tax code.