What Is a 1035 Life Insurance Exchange?

Learn how a 1035 exchange lets you replace a life insurance or annuity policy, transferring its accumulated value to a new contract without triggering taxes.

How to Calculate Ending Inventory

Learn how the accounting decisions behind your inventory valuation directly influence your company’s reported assets and profitability.

What Is a Section 721(c) Partnership?

Understand the compliance framework for deferring gain when a U.S. person contributes appreciated assets to a partnership with a related foreign partner.

Do Military Spouses Pay State Taxes?

A military spouse’s state income tax obligation is determined by their legal residence, not just their physical location due to military orders.

What Is IRS Code 414(p) for a QDRO?

IRS Code 414(p) provides the legal framework for dividing retirement benefits with a QDRO, outlining the requirements for a compliant transfer.