Do Indian Casinos Pay Taxes? A Breakdown of Tax Rules
While tribal casinos have a unique tax status, they make significant financial contributions through federal taxes, state revenue-sharing, and individual obligations.
Investment and Financial Markets
What Is a Present Interest for Gift Tax?
Understand how a gift’s structure and timing are critical for qualifying for the annual gift tax exclusion and avoiding complex tax filing requirements.
Is a Roth IRA a Qualified Retirement Plan?
While not technically a qualified plan, a Roth IRA’s unique status has important tax consequences, particularly when rolling over employer-sponsored funds.
How Do Custodial Brokerage Account Taxes Work?
Custodial brokerage accounts have unique tax rules. This guide explains how investment earnings are taxed and the procedures for reporting them correctly.
What Is the Marital Deduction for Estate Tax?
Understand how the estate tax marital deduction allows for strategic tax deferral while providing flexibility for asset distribution and maximizing family exemptions.
What Does the RSU Code on Your W-2 Mean?
Understand the RSU income on your W-2. This guide clarifies how this value is included in your wages and helps ensure you report it correctly to prevent tax errors.
What Are Slush Funds and How Do They Work?
Explore the operational mechanics of off-the-books reserves, examining how these hidden financial systems function and the liabilities they create when uncovered.
Belgium US Tax Treaty Rules for Individuals & Businesses
Understand how the U.S.-Belgium tax treaty assigns taxing rights to prevent double taxation on income earned by individuals and businesses across borders.
Are Curtains Considered Furniture or a Fixture?
A curtain’s classification as personal property or a fixture is based on its attachment and the specific legal or financial context in question.
Donating a Required Minimum Distribution to Charity
See how your IRA’s required distribution can be given directly to a charity, offering a tax-advantaged way to support causes without increasing your income.
What Is a Gross Capital Gain and How Do You Calculate It?
Understand the starting point for investment taxes by calculating gross capital gain. Learn how an asset’s adjusted basis determines your final profit.
California PL 86-272 Rules for Internet Businesses
Explore California’s application of federal law PL 86-272 to e-commerce and how certain online activities can create unforeseen state income tax obligations.
What Is a Treaty-Based Return Position?
Learn how leveraging a U.S. tax treaty can change your tax obligations and the essential steps for maintaining compliance when filing your return.
Real Estate Tax Planning for Investors and Homeowners
Navigate the tax implications of property ownership. Learn how key decisions when buying, holding, and selling real estate can affect your financial outcome.
What Is a Reserve for Depreciation in Accounting?
Explore the accounting process for allocating a tangible asset’s cost over time and how it impacts the book value reported on a company’s balance sheet.
Treas. Reg. 1.197-2: Rules for Section 197 Intangibles
Understand the framework of Treas. Reg. 1.197-2, which provides the detailed rules for the tax amortization of intangibles in business acquisitions.
What Qualifies as Wages Under Section 3401(a)?
Explore the comprehensive definition of wages for tax withholding purposes, clarifying the distinction between taxable pay and non-taxable compensation.
Newfoundland Tax: Income, HST, and Other Provincial Taxes
Get a clear overview of Newfoundland’s tax rules. Understand how the province calculates what you pay and the various levies on goods and services.
What Is a Personal Asset? Definition and Examples
Understand the full scope of what you own, from tangible items to financial accounts, to gain a clear picture of your overall financial standing.
Can You Use FSA for Liposuction?
Explore the specific circumstances that allow liposuction to be covered as an FSA-eligible medical expense, beyond its typical cosmetic purpose.