Investment and Financial Markets

Understand how the IRS underpayment rate is a calculated interest charge on unpaid taxes, determined by a specific formula, not a simple flat penalty.

Gain clarity on your 401k by understanding how vesting schedules affect your ownership of employer funds and the timeline for securing your full retirement benefit.

Learn about the legislative process of budget reconciliation, a mechanism Congress uses to enact significant changes to federal spending and revenue policy.

Explore why your pay frequency can change the tax on your pay stub, but doesn’t alter the total amount of tax you owe on your annual income.

Clarify the tax deductibility of your PayPal donations. Understand the specific role of the PayPal Giving Fund and how it affects your tax records.

Explore the purpose of Form 1040-ES and the process for making quarterly estimated tax payments on income not subject to standard withholding.

Learn if CoolSculpting qualifies as a medical expense for your FSA. Understand the criteria that separate a cosmetic choice from a reimbursable treatment.

Gifting money to grandchildren involves more than a single tax rule. Understand the different thresholds and special provisions for tax-free giving.

Learn how your 2021 tax return can be used to claim the full third stimulus payment, reconciling what you received with the amount you were truly owed.

A 529 plan can fund flight school, but it hinges on the institution’s federal standing. Understand the rules for making tax-free withdrawals for training.

Explore the meaning of ‘voluntary compliance’ in the U.S. tax system. Learn how the process of self-assessment differs from the legal mandate to pay taxes.

This guide provides a procedural overview for reporting a rental property sale, focusing on Form 4797 and the treatment of gain and depreciation recapture.

Gains on assets held for a year or less are taxed as ordinary income. Understand how this key distinction from long-term gains affects your tax calculation.

While you can often use a business loan for owner compensation, the process is governed by strict rules. Understand the correct way to handle these funds.

Recent tax law changes affect the deductibility of financial planning fees. Learn how your specific tax situation determines if you can claim this expense.

Learn how Rev. Rul. 99-6, Situation 2 recharacterizes the sale of a single-member LLC interest as a direct sale of the underlying business assets.

Navigate the Nebraska individual income tax process with confidence. Find clear guidance for preparing, filing, and managing your annual state tax obligations.

Gain insight into the procedural and analytical framework that governs the imposition of duties on unfairly priced imports to protect domestic markets.