Investment and Financial Markets

Failing to meet 1035 exchange rules creates a taxable event. Learn how gain is calculated as ordinary income and how the new asset’s cost basis is determined.

Understand the standard deduction for married couples and when itemizing expenses might be a better tax strategy to lower your taxable income.

This guide clarifies how the U.S.-Mexico agreement allocates taxing rights and helps prevent double taxation on cross-border income.

Employers face complexity with unemployment tax for multi-state employees. Learn the established framework for determining the correct state to ensure compliance.

Learn how your residency unlocks different levels of tax exemption on municipal bond interest and the key tax reporting considerations that still apply.

Receiving an IRS notice can be confusing. This guide provides a clear framework for understanding official tax correspondence and how to proceed correctly.

For property owners in Hawaii, renting a property comes with distinct state tax obligations. Learn to manage these financial responsibilities correctly.

Learn the function of Form 1042-T, the transmittal sheet withholding agents use to summarize and submit paper copies of Form 1042-S to the IRS.

An asset’s cost basis is the foundation for calculating capital gains or losses. Learn how to determine this crucial figure for accurate tax reporting.

A state’s true tax burden goes beyond headline rates. Learn how a state’s complete tax structure interacts with your specific business model and entity type.

Explore tax-efficient strategies beyond a 1031 exchange to defer capital gains from a property sale while aligning with diversification or estate planning goals.

How a merger is structured dictates the tax outcome for shareholders and the corporation. Understand the factors that determine immediate vs. deferred liability.