Taxes in Mississippi: Income, Sales, and Property
Understand Mississippi’s tax structure, from how state revenue is generated to the role of local assessments in the overall system.
Investment and Financial Markets
Can I Do My Own Business Taxes for My Small Business?
Doing your own business taxes involves more than filling out a form. Explore the foundational knowledge needed to navigate the process based on your unique situation.
Tax Incentives for Corporate Investment in Indonesia
Gain a clear understanding of Indonesia’s corporate tax incentives for investors, from eligibility criteria to the official application process.
How to File Form 8822: Change of Address
Learn the correct procedure for notifying the IRS of a new mailing address to ensure you receive important tax documents and refunds without interruption.
What Happened to the Marketplace Fairness Act?
Explore the evolution of online sales tax, from the proposed Marketplace Fairness Act to the current economic nexus standard that defines seller obligations.
FBAR vs. Form 8938: Comparing Filing Requirements
Filing an FBAR may not satisfy your Form 8938 obligation. Learn the crucial differences in reporting thresholds and asset types to ensure accurate compliance.
Rev. Rul. 2004-34: Repairs vs. Capital Improvements
Learn the analytical framework from Rev. Rul. 2004-34 for classifying property costs as either currently deductible repairs or capitalized improvements.
Are Consulting Services Taxable in Washington State?
Navigating Washington’s business taxes for consulting services requires understanding how your specific work and client location impact your obligations.
Are Tax-Free Mutual Funds Actually Tax-Free?
Explore the conditions under which “tax-free” mutual funds can create tax obligations and learn how to evaluate these complex investments for your portfolio.
Does Pennsylvania Tax Military Retirement?
Understand how Pennsylvania’s tax laws apply to military retirement income and the specific steps required for accurate state tax return filing.
How Do I Find Out My Collection Statute Expiration Date?
The collection period for tax debt is not always 10 years. Learn the process for using your IRS account information to find the precise expiration date.
Accounting for Overhaul Costs: Capitalize or Expense?
Understand the financial reporting and tax consequences of classifying significant asset expenditures to ensure proper accounting treatment and compliance.
How Are Capital Gains Taxed in Colorado?
While Colorado taxes capital gains as income, a unique state-specific subtraction allows taxpayers to reduce their tax on certain qualifying assets.
What Are Provident Funds and How Do They Work?
Understand how provident funds work as a structured savings plan, from joint funding to stable growth and the principles governing access to your money.
What Are the Deadlines for a Section 1042 Rollover?
A Section 1042 rollover involves distinct timelines for purchasing replacement assets and filing the tax election. Learn how these separate deadlines interact.
How Does a Simplified Employee Pension (SEP) IRA Work?
A SEP IRA allows self-employed individuals and small businesses to make flexible, tax-deductible contributions to retirement accounts owned by their employees.
When Can I Roll a 401k Into an IRA?
A 401(k) to IRA rollover depends on key events and choices. Explore the requirements and financial outcomes to properly manage your retirement funds.
IRS Schedule AI: Trust Accumulation of Charitable Amounts
Clarify the tax compliance requirements for trusts using Schedule AI to report charitable amounts set aside for future distribution with Form 1041.
Pub. 502: Claiming Medical and Dental Expenses
Understand the tax implications of your healthcare spending. This guide clarifies the IRS framework for turning medical costs into a potential tax deduction.
What Qualifies as QBI Wages for the QBI Deduction?
For business owners, the Section 199A deduction often depends on W-2 wages. Clarify how to properly determine and apply this figure to maximize your tax savings.