Investment and Financial Markets

Learn how Section 7519 affects required payments for certain entities, including calculation methods, filing steps, and potential adjustments.

Understand IRC 403(c) and its role in retirement planning, including eligibility, contributions, tax implications, and employer responsibilities.

Learn how to donate property to charity while meeting IRS requirements, documenting contributions properly, and maximizing potential tax benefits.

Understand how partnership liabilities are allocated under Section 752, including their impact on partner basis and distributions.

Discover how YRT reinsurance functions, including its cost structure, regulatory considerations, and key factors influencing contract renewals.

Understand key factors in making a Section 754 election after a partner’s death, including basis adjustments, filing requirements, and timing considerations.

Understand how Rev. Proc. 87-56 defines asset classifications and depreciation rules to help ensure accurate tax treatment and compliance.

Learn how PTP Safe Harbor impacts partnerships, including eligibility criteria, documentation requirements, and potential consequences of noncompliance.

Understand when Western Union reports money transfers to the IRS, what factors trigger reporting, and how regulations apply to domestic and international transactions.

Explore key considerations for lump sum pension distributions, including tax implications, retirement planning impacts, and regulatory updates for 2024.

Learn who the SS-4 responsible party is, their duties, and how they impact EIN applications for different business entities.

Understand the tax implications of leasing property to a tax-exempt entity, including classification, reporting obligations, and potential income tax considerations.

Understand how separately stated items impact partnership taxation, individual partner reporting, and compliance with IRS requirements.

Learn how repayment limits on Form 8962 are determined based on income, household size, and advance credits, and explore exemptions that may apply.

Learn how to file a late S Corp election, understand eligibility requirements, and explore relief options to minimize tax implications and compliance issues.

Learn how substantial economic effect impacts partnership allocations, ensuring tax compliance and equitable distribution of income, gains, and losses.

Learn how successor employer status impacts payroll taxes, wage responsibilities, and compliance requirements, including potential state-specific variations.

Understand South Carolina’s tax system, including rates, deductions, and filing rules, to help you navigate your state tax obligations efficiently.

Explore how historical effective tax rates have evolved over time, shaped by policy changes, economic conditions, income distribution, and industry dynamics.