Investment and Financial Markets

California’s SDI tax is not universal. Understand the specific employment classifications and alternative plans that legally exempt you from this payroll deduction.

Understand the tax system’s structure, where layers of rules reflect evolving social goals, competing government interests, and a dynamic legislative framework.

Discover how the tax treatment of property sales is determined by the asset’s role in your business or investment portfolio.

The proposed 2021 first-time homebuyer tax credit did not become law. Understand the bill’s final status and explore current assistance options available today.

Clarifies the tax reporting obligations for U.S. persons transferring property to a foreign corporation and the details needed for proper IRS compliance.

Gain clarity on the rules for claiming business space costs as a tax deduction. Learn how to correctly allocate and substantiate your expenses for compliance.

Owning a vacation rental has unique tax implications. This guide explains how your property’s usage affects your financial obligations and reporting requirements.

The way your retirement funds are transferred dictates the tax implications. Understand the differences to manage your reporting obligations and protect your savings.

Explore how Zelle’s structure impacts tax reporting. This guide clarifies why you may not get a 1099-K and how to determine your actual tax obligations.

Understand the FBAR filing requirements for U.S. persons with foreign financial accounts. This guide clarifies the compliance process from start to finish.

Navigate Pennsylvania’s tax landscape. Find out how various state and local tax obligations are calculated and what determines your personal rate.

A look back at 2021 bonus depreciation, detailing how federal rules for assets interacted with strategic tax elections and state-level compliance.

A grandfather rule exempts certain situations from new regulations. Understand how this legal provision works and what is required to maintain this protected status.

Navigate the tax reporting for a viatical settlement. This guide clarifies the financial treatment of proceeds for both the insured and the investor.

Properly classifying rental property expenses is crucial for tax purposes. Learn the distinction between repairs and improvements to accurately manage your deductions.

An analysis of Revenue Ruling 82-54 and how the IRS evaluates transactions that appear designed solely for tax benefits rather than genuine investment.

Get a clear overview of Kentucky’s flat income tax. Learn the filing requirements for your residency status and how to calculate your final tax liability.

While contributing to an HSA requires specific insurance, the funds are yours to keep and use even if your health coverage changes.