Investment and Financial Markets

Learn to interpret the data on your Form 1098s. This guide explains how to use information about major payments to correctly identify potential tax benefits.

Leaving assets to charity can provide a valuable estate tax deduction. This guide explains the key requirements for structuring and claiming the gift correctly.

Recent IRS guidance provides a temporary reprieve for certain inherited IRA payouts. Learn how this transitional rule affects future distribution strategies.

An overview of the portability election, a provision allowing a surviving spouse to add a deceased spouse’s unused estate tax exemption to their own.

Navigate the unique accounting for PPP loan forgiveness on a partnership’s Form 1065. Learn the correct reporting for tax-exempt income and its allocation.

Failing to pay business taxes initiates a formal IRS process with consequences that escalate from financial to legal and, ultimately, personal.

For tax purposes, income is more than a paycheck. Learn the legal test for what constitutes a taxable accession to wealth under IRC Section 61(a).

For U.S. taxpayers living overseas, foreign housing costs can be used to reduce taxable income. Understand the process for this valuable tax provision.

While there’s no direct alert, the IRS learns of your home purchase through various financial reporting, establishing a baseline for future tax events.

Understand the regulatory path for a company to suspend and terminate its public reporting duties through voluntary securities deregistration.

While Texas lacks a business income tax, its franchise tax is based on margin, not profit. Learn how this unique structure determines a company’s tax liability.

A clear overview of Argentina’s personal tax framework, explaining how individual liability is determined for both income and separate wealth taxes.

Learn why reverse mortgage proceeds are considered a loan, not taxable income, and how this distinction affects your overall financial planning and obligations.

Understand the legal framework for holding foreign assets. This guide clarifies the line between lawful financial strategy and illegal concealment for U.S. taxpayers.

A balanced look at how Vermont’s tax system affects retirees. Understand the interplay between income-based rules and credits to see the full financial picture.

The expiration of the SALT deduction cap after 2025 brings potential tax changes, but the actual benefit may be limited by other interconnected tax rules.

Explore how the nonrefundable Lifetime Learning Credit reduces your tax liability and how it differs from other, partially refundable education credits.

Understand how a corporate structure and internal debt are used by investment funds to alter income character for improved U.S. tax efficiency.

Understand the intended use of your FSA funds. This guide clarifies the specific IRS rules governing insurance premiums versus other out-of-pocket medical costs.