Investment and Financial Markets

As a landlord, the tax treatment for your own labor differs from other expenses. Learn the principles for handling material costs when you do the work yourself.

For tax-exempt entities, certain revenue-generating activities may be taxable. Understand the principles that distinguish an organization’s mission from unrelated business.

When your child is in foster care, IRS rules about their living situation, not just parental status, determine who can claim them on their taxes.

Determining the fair market value of foreign assets for U.S. tax reporting presents unique challenges. Learn the standard process and key considerations.

Understand the financial mechanics of Maine’s 529 tax deduction. Learn the rules for contributions and the long-term tax implications of using the funds.

Deliberate tax evasion carries significant IRS consequences, from major financial penalties to potential criminal prosecution involving fines and imprisonment.

If you pay for care for a child or dependent in order to work, those expenses may help reduce your tax liability. Learn how this federal credit is applied.

Utah’s sales tax is a combined state and local rate that varies by location. Discover which goods and services are taxable and how unprepared food is taxed differently.

Whether you owe tax on $600 depends on the nature of the transaction, not just the amount. Clarify your tax liability by understanding the source of your income.

Learn how Form 8878 authorizes a tax professional to e-file your tax extension and why it’s kept for records rather than filed with the IRS.

Understand why retaining control over annuity investments can lead to the loss of tax deferral, a key principle outlined in IRS Revenue Ruling 77-263.

Learn about the financial implications of a late NYS sales tax filing and the specific criteria the state uses to grant penalty relief.

Understand the essentials of HST compliance for Canadian businesses, from registration rules to calculating your net tax remittance using Input Tax Credits.

A church’s tax-exempt status doesn’t eliminate the need for an EIN. Discover the common financial and operational activities that make one a necessity.

Understand the Tier 1 railroad retirement tax, a system that functions in parallel with Social Security for both contributions and benefit taxation.

Gain clarity on CPT 92900 for arterial pressure monitoring, covering its use as a daily technical service distinct from other critical care procedures.

Learn how Section 402A of the tax code provides a framework for post-tax savings, offering a different approach to your workplace retirement tax strategy.