Investment and Financial Markets

Understand the specific IRS worker status that allows certain professionals to deduct business expenses while still having FICA taxes withheld.

A loan from your retirement plan may offer a home mortgage interest deduction. Learn the specific circumstances and reporting requirements using IRS Form 8890.

Understand your tax compliance duties for payments to non-employees. This guide details the process for meeting federal and state reporting requirements.

Maintain the tax-exempt status of your bonds by correctly managing investment proceeds and satisfying federal compliance obligations with the IRS.

Learn the policy rationale behind IRA contribution limits and how they balance valuable tax advantages with broader goals for fiscal stability and tax fairness.

U.S. persons receiving gifts from abroad may have an IRS reporting duty, even if the gift itself isn’t taxed. Understand your compliance obligations.

Property tax exemption for non-profits is not automatic. This relief depends on how a property is owned and used to advance the organization’s core mission.

Understand the tax treatment of a condemnation award. This guide covers the process for handling the proceeds and the specific rules for deferring your tax liability.

Navigate Oregon’s TriMet tax obligations. This guide clarifies the transit tax system for employers, employees, and self-employed individuals in the district.

For U.S. persons with foreign corporate interests, this guide clarifies the detailed reporting process and compliance obligations associated with Form 5471.

Understand the tax rule that recharacterizes self-rental income as nonpassive, while any resulting losses from the same activity remain passive.

An IRS levy on a 401k follows a specific legal process and creates a taxable event with potential penalties, compounding the initial financial issue.

Explore the systematic process of aligning your financial accounting records with federal tax requirements to accurately determine your taxable income.

Explore the purpose and mechanics of the federal excise tax, a specific tax levied on certain goods and services and remitted by businesses.

Explore the IRS framework for giving to foreign charities. Learn the specific circumstances and established methods that can make your international donation tax-deductible.

Choosing between an EA and a CPA goes beyond tax vs. accounting. Understand how their distinct federal or state licensing defines their scope and expertise.

Explore the strategic tax election on Form 8996, which allows entities to group businesses to optimize the Qualified Business Income deduction for their owners.