Investment and Financial Markets

Navigate the requirements for the medical expense deduction. This guide details the process of applying IRS rules to your specific costs and income.

Understand the tax provisions for hiring employees in an Empowerment Zone. This guide explains the financial qualifications and filing process for the credit.

While independent contractors are typically ineligible for unemployment, eligibility may depend on your work history and the nature of your employment relationship.

Understand the concept of a deferred gain, a tax strategy that allows you to postpone tax on profits from a sale by meeting specific IRS requirements.

Understand the tax implications when you sell your home. This guide helps you correctly account for the transaction and determine the final effect on your return.

Learn how Rev. Proc. 2020-25 provides a formal path to change bonus depreciation elections for property placed in service after 2017, per CARES Act updates.

An improper ERC claim carries financial and legal risks. Understand the factors that determine the severity of consequences and learn about official IRS solutions.

This provision offered financial flexibility for those impacted by 2020 disasters. Understand the tax advantages and reporting rules for these retirement distributions.

Though the federal penalty is gone, some states still require health coverage. Learn if you qualify for an exemption to avoid a state tax penalty based on your situation.

Learn how Connecticut’s distinct rules for business property depreciation require multi-year adjustments to your federal income for state tax compliance.

Learn a structured method to translate your freelance income and expenses into an accurate net profit calculation for your tax return.

Explore the federal law on false tax statements, where the willful act of signing or preparing a fraudulent document is the crime, regardless of any tax loss.

Understand how Rule 414 allows a successor company to adopt a predecessor’s SEC registration after a corporate reorganization, simplifying regulatory compliance.

The value of employee stock options isn’t just the stock price. Their underlying tax rules create different financial paths and require careful planning.

A statutory employee is a unique tax classification that allows certain workers to deduct business expenses while still paying into FICA.