Investment and Financial Markets

Learn how to strategically select which shares you sell, an approach giving investors greater control over the tax implications of their transactions.

Navigate the requirements for Massachusetts income tax withholding. Learn how payroll deductions are determined and what’s needed to keep them accurate.

Understand the key distinctions that can lead to an IRS accuracy-related penalty and the standard of care required to avoid or contest it with the IRS.

A retirement plan year under 12 months impacts compliance. Learn why some annual contribution limits are adjusted based on the plan’s timeframe and others are not.

Discover the official pathway for providing the IRS with credible information on tax non-compliance and the financial considerations involved in a successful claim.

Earning income abroad without a W-2 requires careful U.S. tax reporting. Learn the steps to correctly file, meet all obligations, and reduce double taxation.

An inheritance’s tax impact is defined by its value, the assets involved, and the specific federal and state rules that apply to estates and beneficiaries.

Understand the distinction between delayed financing and a cash-out refinance for buyers seeking to replenish funds with a mortgage after a cash home purchase.

Understand the tax framework for U.S. dividend income. Learn how various distributions are treated differently and how this impacts your overall tax liability.

Learn about Form 8917, used for the historical Tuition and Fees Deduction, which applied to tax years 2020 and earlier before being replaced.

Gain insight into Regulation S-X, the SEC rule that standardizes the form and content of financial statements for transparent public company filings.

Understand the key aspects of the Montana income tax rebate. Our guide details the state’s one-time payment program for qualifying residents.

While rare, a swimming pool can be a medical tax deduction. Understand the strict IRS requirements for eligibility and how the financial benefit is determined.

Understand the crucial tax implications of your daily travel. Learn the IRS framework for classifying self-employed mileage as a personal commute or a business expense.

Representing a taxpayer is a regulated activity. This article explains the formal standards for eligibility and the specific factors that can prohibit practice.