Investment and Financial Markets

Understand Form 8038-T, a key compliance tool for tax-exempt bond issuers. This guide clarifies the financial obligations and filing process with the IRS.

Learn how Rev. Proc. 2015-20 offers a simplified process for eligible small businesses to correct an accounting method without filing Form 3115.

While gifts from a foreign person are generally not taxed, U.S. recipients must navigate specific IRS disclosure rules to avoid substantial financial consequences.

Understand the IRS relief process for a late S corp election. This guide provides a framework for meeting the specific requirements of Rev. Proc. 2007-16.

Not all money you receive is considered taxable income by the IRS. Learn how these important distinctions can affect your tax return and financial planning.

Learn how the taxable cost of life insurance in a self-employed retirement plan can be recovered later to reduce the tax impact of future withdrawals.

Review your complete financial picture to make strategic adjustments before the deadline. Learn how timely decisions can optimize your annual tax outcome.

Understand the key provisions that offer a simplified approach to Pillar 2 compliance, reducing the need for detailed global minimum tax calculations.

Learn the requirements for using Form 8885 to claim the Health Coverage Tax Credit, a benefit applicable to tax years prior to its 2021 expiration.

Learn how to properly translate your property’s earnings and expenses into the final net income figure required for your tax return.

The timing of income recognition is governed by Section 451. Learn how your accounting method and financial statements can alter when you must report income.

A business uses separate identifiers for state and federal purposes. Learn the distinct functions of an entity number and an EIN for proper administration.

Gain clarity on the IRS reporting process for property sales. Understand the flow of information from the transaction closing to your final tax return.

Explore the global minimum tax, a significant shift in international corporate taxation. Learn how the system functions for large MNEs operating across borders.

Learn the specific IRS criteria that allow an estate to defer tax payments on a closely held business, a critical provision for preserving assets during succession.

Explore the landmark case of a gambler’s unenforceable debt and how its settlement defined the crucial distinction between canceled debt and non-taxable income.

Explore how Revenue Ruling 83-74 provides a specific pathway for converting a life insurance policy from a retirement plan into a tax-deferred annuity.

While banks report cash transactions over $10,000, these routine filings are distinct from the tax compliance issues that actually increase audit risk.