Investment and Financial Markets

Understand the principles that define non-taxable income. This guide clarifies the rules for tax-exempt sources and explains their reporting obligations.

Understand the operational framework of a SIMPLE 401(k), a retirement plan for small businesses featuring simplified administration and immediate vesting.

Learn about the key IRS calculation on Schedule A that limits the influence of large donations, helping nonprofits prove broad public financial support.

An IRS notice adjusting your tax refund can be confusing. Learn what a Notice 54 signifies and how to methodically review the changes and respond correctly.

Understand the tax implications of exercising stock options, from the Code V on your W-2 to reporting the correct cost basis when you sell.

Explore how Section 291 adjusts certain tax advantages for C corporations, altering the value of specific deductions and the character of gains.

Learn the requirements for paying quarterly estimated taxes on income not subject to withholding. This guide explains Form 1040-ES and its role in 2024 tax compliance.

Learn how Form 7202 translated missed work due to COVID-19 into a refundable tax credit for self-employed individuals on their 2020 and 2021 returns.

Understand the process for non-resident aliens to apply tax treaty provisions and exempt personal service income from U.S. federal tax withholding.

A practical overview of California’s sales tax rules for remote sellers, from establishing a collection duty to ongoing compliance procedures.

Understanding how much billionaires pay in taxes requires looking at how their fortunes grow versus how the tax system defines and measures taxable events.

Authorize a representative for your IRS tax matters. Our guide explains the process for establishing and managing a valid Power of Attorney using Form 2848.

The code in Box 7 of your 1099-R directs the tax treatment of your retirement distribution, from income reporting to potential penalty assessment.

Learn how certain investment funds must structure their assets to meet specific tax code tests, a key requirement for preserving pass-through tax status.

Learn how the Substantial Shareholding Exemption removes corporation tax on qualifying share sales, a fundamental tax relief in UK corporate structuring.

Understand the compliance obligations for Chicago’s tax on leased property, which applies to both tangible goods and digital services like SaaS.