Investment and Financial Markets

Learn the process for translating your self-employment income and expenses into a completed 2023 Schedule C and see how it impacts your overall tax return.

Earning $70,000? Your final tax amount is determined by more than just your income. Understand the complete calculation and the personal factors that influence it.

Learn how stock options are classified for tax purposes. The distinction between compensation and capital gain has key implications for your tax return and financial plan.

Understand the framework of Rule 413, which adjusts traditional evidence principles for prior offenses in federal sexual assault prosecutions.

The IRS views virtual currency as a capital asset because it’s treated as property. Learn what this core classification means for your federal tax obligations.

Understand Pennsylvania’s tax system, from its flat-rate income tax with distinct income classes to its unique relationship-based inheritance tax rates.

Clarify how income from an employee stock sale appears on your W-2. Learn the necessary tax reporting steps to properly adjust your cost basis and file correctly.

A tax write-off reduces your taxable income, not your final tax bill. Learn how this distinction means you get a discount on an expense, not free money.

A company’s size classification is not universal. Discover how the definition of a “large corporation” shifts based on regulatory context and specific business metrics.

Explore the IRS’s systematic approach to income verification, which relies on computerized cross-checks and financial analysis beyond just your tax return.

A historical reference for the repealed Domestic Production Activities Deduction, clarifying the tax rules for U.S. producers on returns filed before 2018.

Learn the federal tax rules for Social Security. See how your provisional income is used to determine if, and how much of, your benefits are taxable.

Thinking of renting out a room while you’re a tenant? Learn the necessary procedures for navigating your lease and managing responsibilities as a sub-landlord.

Understand the legal role of your signature in tax filing and the formal process required to grant a preparer authorization to submit your return.

Understand the tax provision for applying a business loss to a prior year. This guide covers the procedural choices for claiming a refund via an NOL carryback.

Learn about financial support available through the tax system after a major disaster and the essential steps for navigating the claims process.