Investment and Financial Markets

Understand the tax rules for land clearing expenses. How you account for these costs depends on the land’s use and the nature of the improvements made.

Understand the key IRS rules for the domestic content bonus credit. This guide clarifies the component cost calculation and compliance steps from Notice 2023-44.

Understand your tax responsibilities as a continuous, year-round cycle. This overview helps you proactively manage your annual financial obligations.

Learn how your tax filing status, age, or blindness determines your standard deduction and whether taking it is the most beneficial option for your return.

Familiarize your business with DC’s excise tax framework, from identifying applicable rates to fulfilling your reporting responsibilities.

Understand the critical factors the IRS considers when evaluating a buy-sell agreement’s price for estate tax purposes to ensure its terms are upheld.

Claiming a dependent involves more than just a family relationship. Learn the specific IRS criteria for the 2022 tax year to ensure you file correctly.

Learn how an irrevocable trust allows for a significant charitable donation from a key asset while generating income and tax efficiency for the donor.

Gain clarity on your crypto staking tax obligations. Learn the principles for correctly valuing and reporting rewards as both income and capital assets.

The duration you hold an asset is a key factor in how its profit is taxed. Explore the tax framework for gains on assets held for more than one year.

Filing a 2022 tax return isn’t just about one income number. See how your age, filing status, and other financial details determine your filing requirement.

Navigating the Nissan Leaf tax credit can be complex. We clarify the detailed vehicle and buyer requirements that determine your eligibility for a credit.

Understand the financial reporting process for fundraising income to ensure compliance and maintain the trust of your donors and regulators.

Explore the full tax treatment of Premium Bonds. While prizes are tax-free in the UK, your residency and estate planning can create different tax implications.

Understand the structure of a Qualified Tuition Program and how its rules on contributions and distributions enable tax-free funding for educational expenses.

Understand how Arkansas vehicle sales tax is determined, including the impact of your residence and trade-in, to ensure a smooth registration process.

Federal tax deposit coupons (Form 8109-C) are obsolete. The IRS now requires businesses to use the Electronic Federal Tax Payment System for deposits.

Claiming Head of Household status involves specific IRS verification. Learn how to substantiate your eligibility with the right financial and residency records.

The tax liability for retained business profits is determined by an entity’s legal structure, impacting the tax obligations of both the business and its owners.

When you receive a 402(f) notice, you face important choices about your retirement funds. Learn how the tax rules affect your final distribution amount.