Investment and Financial Markets

Your federal return provides the necessary starting point for most state tax calculations, but state-specific laws determine your ultimate tax obligation.

Learn the annual IRS filing requirements for small tax-exempt organizations. This guide clarifies the Form 990-N e-Postcard process to maintain compliance.

Setting your S Corp salary involves more than picking a number. Learn the process for determining and documenting a reasonable, defensible wage for tax compliance.

Clarifies the tax treatment when foreign taxes on passive income exceed the annual U.S. credit limit, ensuring the proper use of carryovers with Form 1116.

Making Florida your legal home for tax purposes involves a comprehensive shift in your center of life, not just a change of address.

Beyond the federal exemption, municipal bond tax treatment involves key details. Learn how state laws and other circumstances can affect your actual tax liability.

This guide distills essential rules from IRS Publication 17, providing a clear framework for preparing your 2023 individual federal income tax return.

Understand the tax reporting flow for partner retirement contributions. This guide clarifies how payments are treated as distributions under Rev. Ruling 83-15.

Understand how landlords use Form W-9 to collect essential vendor data, fulfill tax reporting obligations, and maintain compliant business records.

Farmers can reduce taxable income by deducting expenses for soil and water conservation, a key tax incentive for sustainable land management.

A new pellet stove may make you eligible for a federal tax credit. Learn how to navigate the requirements and correctly claim this valuable energy incentive.

Apportionment divides a company’s income among states for tax purposes. Learn how this system works, from foundational principles to complex state-specific variations.

Health share plans operate differently than insurance for tax purposes. Explore how the IRS views these payments and what medical costs you can actually deduct.

Examines a key tax ruling that established how the relationship between a property’s value and its nonrecourse debt determines true economic investment.

Navigate the tax landscape for your Delaware LLC. Understand how federal tax elections and your business’s physical presence shape your state-level duties.

The Recovery Rebate Credit is the formal process for claiming any missed 2020 or 2021 stimulus payments by filing a specific year’s tax return.

Learn how a single Supreme Court case created the broad, modern standard for taxable income, focusing on realized gains rather than their specific source.

Understand the tax implications of your kitchen remodel. While rarely a simple deduction, the project can lower your tax burden under specific, valuable circumstances.