Investment and Financial Markets

Gain insight into the federal tax on transfers that skip a generation. Learn the rules for when a tax is owed, how the amount is set, and who is responsible.

Understand the tax implications of exempt-interest dividends beyond their federal-free status, including state rules and how they affect your total tax picture.

Understand why certain deductions and income are treated differently under the Alternative Minimum Tax, a parallel calculation of your total tax liability.

A Fidelity 402(f) notice presents key choices for your retirement funds. This guide clarifies the tax implications to help you manage your money wisely.

Code V on your W-2 reflects stock option income. This amount is already part of your total wages and is used to establish your stock’s cost basis.

Gain clarity on the Medicare tax from your paycheck. Learn how this payroll deduction funds hospital insurance and how it’s applied at various income levels.

Learn the standard procedure for determining the value of a permanent life insurance policy for federal gift and estate tax compliance purposes.

Explore how Revenue Ruling 2008-22 creates a safe harbor for grantor trusts, allowing for income tax benefits without adverse estate tax consequences on life insurance.

For W-2 employees, deducting work expenses is no longer straightforward. This guide clarifies current federal tax limitations and available financial strategies.

Understand the reporting requirements for significant financial gifts and how this process integrates into your long-term estate and tax planning strategy.

Modifying an irrevocable trust triggers specific IRS considerations. Understand the federal tax framework for making changes without disrupting the trust’s intended benefits.

The de minimis tax rule provides administrative convenience for businesses. Learn how it lets you expense low-cost assets and benefits without complex accounting.

The tax treatment for deferred compensation is nuanced. Understand the critical timing differences for when taxes are due and the strict rules governing these plans.

Understand the Section 965(b) provision, which allows U.S. shareholders to apply aggregate foreign E&P deficits to reduce their transition tax inclusion.