Investment and Financial Markets

Understand the specific framework of IRC Section 244, a niche dividends-received deduction for C-corporations with distinct historical requirements.

The profit from selling business property isn’t taxed as one lump sum. Learn how gains are allocated into portions subject to different tax rates.

The timing of expense reporting can determine its tax implications. Learn the IRS rules for reimbursement to ensure payments are processed correctly for tax purposes.

Navigate Pennsylvania’s unique tax system. Learn which specific deductions are allowed and how they differ from federal rules to properly file your state return.

Explore the tax classification for certain interior commercial property upgrades and how it impacts your depreciation strategy and overall tax liability.

Learn to accurately report proceeds from asset sales and barter exchanges. This guide covers calculating your gain or loss and making key basis adjustments for tax filing.

The classification of services like Uber isn’t straightforward. Discover how the definition changes depending on the specific rules being applied and why it matters.

Gain insight into the educator expense deduction, a key tax break that can lower your adjusted gross income. We explain the financial and procedural details.

Explore how a 351 exchange allows you to contribute property to a corporation for stock, deferring taxes and shaping the company’s financial foundation.

Learn the principles that define a qualified medical expense to confidently use your tax-advantaged HSA funds and properly manage your healthcare spending.

Understand the IRS criteria that designate a micro-captive as a Transaction of Interest and the resulting mandatory reporting duties for taxpayers and advisors.

Understand the strategic tax implications of an 83(b) election for early-exercised stock options, including how it impacts future gains and financial risk.

Learn the principles for turning your marketing computer into a tax deduction. This guide covers the essential steps for documenting use and recovering its cost.

Navigate the tax rules for your residential rental property. This guide provides a clear framework for correctly accounting for your property’s financial activity.

Learn the financial implications of correcting a tax return. Costs are tied to the original underpayment, not the act of filing an amendment.

An RV can offer tax advantages, but eligibility depends on its specific use and strict IRS rules. Understand the requirements to support your deduction.

The tax treatment of alimony hinges on your divorce agreement date. This key detail determines if payments are deductible or taxable on your Form 1040.