Investment and Financial Markets

Learn how an LLC can qualify for tax-exempt status, the IRS requirements involved, and key compliance considerations to maintain eligibility.

Learn how IRS Section 1035 allows tax-free exchanges of certain insurance policies and annuities, helping you optimize coverage without immediate tax consequences.

Learn how Section 61 defines gross income, including various income sources, taxable benefits, and key exclusions that impact tax obligations.

Understand what qualifies as a deductible business expense under Code Section 162(a) and how proper documentation supports compliance and tax efficiency.

Learn why the IRS may call from 800-829-0922, what to expect, and how to verify the call’s legitimacy to manage your tax matters confidently.

Discover how U.S. senators are taxed on their salaries, benefits, and additional income, including federal and state obligations and available deductions.

Learn how political organizations manage tax obligations, report contributions, and handle administrative costs while maintaining compliance with regulations.

Understand how IRC 528 applies to homeowners associations, including tax treatment, filing requirements, and factors that may impact tax-exempt status.

Learn how IRC 2053 governs estate tax deductions for funeral costs, debts, and expenses, including key considerations for compliance and documentation.

Understand the tax implications of installment sales, including gain allocation, interest rules, and reporting requirements for a compliant tax strategy.

Learn what medical travel expenses qualify for IRS mileage deductions, how to calculate them accurately, and the best practices for recordkeeping.

Learn how to determine qualified disaster losses, calculate deductions, and document claims properly to ensure compliance with IRS guidelines.

Learn how Section 1035 allows tax-deferred exchanges of certain insurance policies and the key requirements to ensure compliance and proper record-keeping.

Learn how personal holding companies operate, their ownership rules, income classifications, and tax implications to ensure compliance and efficiency.

Being mistakenly listed as deceased by the IRS can cause tax and financial issues. Learn how to correct the error and restore your records.

Learn how IRC 42 supports affordable housing through tax credits, eligibility criteria, compliance requirements, and long-term affordability provisions.

Learn how to accurately complete the IR Application for TCC, ensuring compliance with IRS requirements and a smooth submission process.

Understand how SIFL rates influence employee benefits, impact taxable income, and determine the value of personal aircraft use for compliance.

Learn how Publication 505 for 2024 helps you manage tax withholding, avoid surprises, and plan more effectively for your financial obligations.

Learn about key exceptions to the 3-year statute of limitations on tax refunds, including special circumstances that may extend the filing deadline.