Investment and Financial Markets

Learn the required process for reconciling your U.S. return when a foreign tax amount changes, ensuring your foreign tax credit and U.S. tax liability are accurate.

The earliest you can file taxes depends on both the official processing timeline and when you receive the information needed to prepare your return.

Explore the Pillar 2 UTPR, a key backstop rule for the global minimum tax, and the substance-based formula used to allocate tax liability.

Disposing of stock creates a taxable event. Learn the core principles for determining your capital gain or loss and how it impacts your tax obligations.

A straightforward guide to how taxes work. Learn the framework of the U.S. tax system and the key elements that determine your individual tax situation.

Learn about the IRS e-file mandate for preparers and the function of Form 8948 in documenting a valid reason for submitting a paper tax return.

A supplemental tax bill aligns your property tax with your home’s new market value. Understand this one-time charge and your direct payment responsibility.

If your activity generates losses, the IRS may classify it as a hobby. Learn how profit motive is evaluated and what is required to protect your business deductions.

Understand the IRS framework for tangible property costs. This guide clarifies how to classify expenditures to support tax positions and simplify compliance.

Understand the tax implications of your business structure. This guide compares the default self-employment tax model with the strategic S corporation election.

The tax deductibility of financial planning fees has changed. Learn the crucial distinction between personal advice and costs tied to income-producing assets.

Learn how to manage Arizona’s pay-as-you-go tax system for income not subject to withholding, ensuring you meet your yearly state tax obligations.

This guide provides a complete overview of the Earned Income Tax Credit, clarifying the requirements and procedures for successfully claiming it on your return.

Understand the financial framework of the Residential Clean Energy Credit and the key steps homeowners must take to correctly claim it on their tax return.

Find comprehensive details on the automatic tax filing extension for certain California counties, including updated deadlines from the IRS and FTB.

Navigate the complex qualification paths and financial calculations for the Employee Retention Credit to accurately determine your business’s eligibility.

An analysis of 18 U.S.C. § 241, a federal law that makes it a crime to conspire to injure or deprive a person of their constitutional rights.

Learn why health premiums appear in W-2 Box 14 and how this informational figure impacts the way you report deductions on your annual tax return.

Explore how tax treatment for partnerships after a large ownership change has evolved, ensuring entity continuity and shifting key tax implications.