What Is the 25D Residential Clean Energy Credit?
Learn how the federal residential clean energy tax credit can reduce your tax liability. This guide explains the key financial details and filing process.
Investment and Financial Markets
What Are the Roth TSP Contribution Limits?
Understand the different contribution rules for your Roth TSP. Learn how the limits for your savings interact with employer funds and other accounts.
What Is EBITDAL and How Is It Calculated?
Learn how EBITDAL adjusts for lease accounting changes to provide a more consistent measure of a company’s core operational profitability.
How to Conduct a Tax Return Analysis
Go beyond the bottom line of a tax return. This guide explains how to analyze tax forms to accurately assess financial performance and stability.
What Is the Difference Between Married Filing Jointly and Separately?
While filing jointly offers tax advantages for most, filing separately can be a strategic choice depending on your specific financial and liability concerns.
ISRE 2410: Review of Interim Financial Information
Discover how ISRE 2410 guides an auditor in reviewing interim financial data, providing a level of assurance that is distinct from a full audit.
Can I Claim My Child on Taxes if They Are in Foster Care?
When a child is in foster care, IRS rules for claiming a dependent shift focus from parentage to residency and financial support.
What Is UBIT Tax in a Self-Directed IRA?
Learn how certain investments, particularly those involving debt or active business operations, can create a tax liability within your self-directed IRA.
Instructions for Filing IRS Form 8275
Learn to file Form 8275 to disclose a tax position to the IRS. This statement can help avoid accuracy-related penalties for positions with a reasonable basis.
Are Benefits Taken Out Before Taxes?
Not all paycheck deductions are the same. Learn how pre-tax and post-tax benefits choices differently impact your taxable income for both income and FICA taxes.
Do Employers Get Tax Breaks for Offering Health Insurance?
Employers can reduce their tax obligations by providing health benefits. Learn how these financial advantages work and what’s required to claim them.
What Are Examples of Effectively Connected Income?
Understand when income earned by a foreign person is considered connected to a U.S. business and how this classification determines your tax obligations.
What Is an IRS Block Period Assessment?
Learn how the IRS consolidates undisclosed income from multiple years into a single tax liability based on estimated financial activity and evidence.
How Property Tax Works When Buying a House
Gain a clear view of your property tax obligations as a new homeowner, from how they’re addressed at closing to managing payments after you move in.
What Is Section 88 and How Does It Affect Company Car Tax?
Understand the tax principles for a company car benefit. Learn how its taxable value is determined and how specific circumstances can affect your overall liability.
S Corp Rental Property: Tax Rules and Traps
Understand the distinct tax consequences of using an S Corp for rental property, including basis rules, shareholder payouts, and disposition strategies.
Surplus Contribution: Tax Rules and Management Options
Navigating the tax implications of an overfunded pension plan requires careful strategy to optimize outcomes and avoid significant penalties.
What Happens to a Donor Advised Fund at Death?
Planning for your Donor Advised Fund’s future is essential. Learn how to ensure your charitable intent is honored and the fund’s assets are managed as you desire.
What Is the Difference Between Section 174 and Section 41?
Navigate the tax treatment of innovation costs. Discover the distinction between the required timing for cost recovery and the optional incentive for research.
What to Know About the New Tax in Washington State
Understand how Washington’s new capital gains tax affects you. Learn about residency rules, major exemptions like real estate, and your filing obligations.