Investment and Financial Markets

A personal loan is not usually considered income for tax purposes. Learn the key distinctions and specific circumstances that can create a tax liability.

A guide to establishing defensible pricing for intercompany transactions to satisfy IRS expectations and mitigate significant tax risk.

Loan proceeds are not income due to the obligation to repay. Learn the tax rules for when canceled debt becomes taxable and what important exceptions may apply.

While every tax return is processed electronically, only a fraction receive human review. Understand the system that determines which filings get a closer look.

Gain insight into the U.S. framework for crediting foreign taxes. Learn the analysis required to determine if a foreign levy aligns with U.S. income tax principles.

Navigate the complex history of PPP expense deductibility, including the initial IRS stance and the role of Rev. Proc. 2020-24 before legislative changes.

This guide explores the inherent complexities of the tax filing process, from foundational preparation to navigating choices that impact your financial outcome.

Gain a clear understanding of what a Payment Settlement Entity is and the specific IRS compliance duties involved in reporting payment transactions.

Discover how IRS systems cross-reference financial data to find unreported income, even without a 1099, and the correct way to ensure your return is accurate.

Learn how the tax code treats forgiven mortgage debt on a principal residence and the specific conditions for excluding it from your taxable income.

Learn about the Section 341 meeting, a required step where a trustee, not a judge, questions you under oath to verify your bankruptcy petition’s details.

Gain clarity on digital asset taxation. Learn the essential framework the IRS uses for crypto and how to apply it for accurate tax compliance.

Discover how IRS rules may allow you to be treated as unmarried for tax purposes when living apart from your spouse, leading to a better tax outcome.

Understand the tax principle for accrual accounting that governs when an expense is officially incurred and deductible, going beyond just the date on an invoice.

Navigate the tax rules for FERS disability benefits. Learn how the taxable amount changes over time based on your age and your after-tax contributions.

Learn to navigate your tax obligations as a content creator. This guide provides a clear framework for YouTubers to manage their finances and file correctly.

Understand how the structure of a forgivable loan determines the timing of income recognition for an employee and the business deduction for an employer.