Investment and Financial Markets

This guide details the Oklahoma sales tax framework, explaining a business’s core obligations from establishing nexus to proper tax remittance.

Understand the standardized process for local EIT withholding under PA Act 32. This guide clarifies the compliance responsibilities for both employers and employees.

Explore the BBA framework for partnership audits, a system that centralizes the process and shifts primary responsibility for tax adjustments to the entity.

A look at the regulated payments made to cover necessary expenses during lengthy financial proceedings, ensuring operational and professional continuity.

Understand the current IRS filing protocol for Form 5227. This guide clarifies its paper-only status and provides the necessary steps for a correct submission.

Forgiven debt can be considered income by the IRS. Learn the principles for determining taxability and the correct procedures for reporting it on your return.

Understand the tax rules for home equity indebtedness. The deductibility of your interest depends entirely on how you use the loan funds, not the loan’s label.

California offers a tax exemption for military retirement pay, but residency status and other income sources can affect your overall state tax liability.

Understand the annual tax compliance cycle for corporations in Hawaii, from preparing the Form N-20 return to managing ongoing obligations.

Navigate the specific IRS procedures for correcting an S Corp election after the fact. Understand the formal relief process and its tax consequences.

Understand the annual income limit that stops Social Security tax deductions from your paycheck and how this rule applies to various employment scenarios.

Explore the 2008 legislative response to the housing crisis, which restructured mortgage finance oversight while providing relief to individuals and localities.

Excepted benefits are a unique class of coverage exempt from certain federal rules. Learn how they integrate with major medical plans and affect HSA use.

Explore the key legal standard for defining a gift versus income in tax law, a distinction that hinges on the transferor’s intent and a case-by-case analysis.

Virginia generally treats 401(k) withdrawals as taxable income, but a key state provision allows many retirees to reduce their overall tax liability.

This federal tax credit helps offset the costs of the first four years of college by directly reducing your tax liability, with a portion being refundable.

A streamlined tax form exists for U.S. expats claiming the Foreign Earned Income Exclusion. Learn the specific conditions that must be met to use it.

Discover how gambling winnings are treated by Social Security. The impact varies based on the type of benefit you receive, affecting tax liability and eligibility.

An analysis of Brazil’s abolished financial transaction tax. Explore its economic effects and the persistent arguments surrounding its potential return in tax reform debates.