Investment and Financial Markets

Explore how an LLC’s flexible tax treatment, separate from its legal structure, allows owners to make strategic elections to lower their overall tax burden.

Selling an inherited property has unique tax rules. Your gain is calculated from its value when you inherited it, which can significantly lower your tax liability.

Moving states with RSUs creates distinct tax events. Learn how your tax obligation is determined by where you worked to earn shares vs. where you live at sale.

Discover how to properly calculate and apply real estate depreciation, a critical non-cash deduction that impacts your annual taxes and the sale of your property.

Understand the tax rules for deducting long-term care costs. This guide explains the criteria for claiming medical expenses and other financial strategies.

Examine the IRS’s official position on the Deferred Sales Trust, including the lack of a formal ruling and the specific legal doctrines used for scrutiny.

Understand the de minimis principle, a key IRS concept that distinguishes minor expenditures from capital assets to simplify your business’s accounting.

Selling a NJ rental property? Learn how your property’s adjusted basis and New Jersey’s distinct tax treatment will determine your final tax obligation.

Explore the financial framework of the Section 180 deduction for farmers, covering how conservation expenses are limited and may be recaptured upon a land sale.

Translating your HSA contributions into a tax deduction requires careful calculation and reporting. See how this adjustment lowers your taxable income.

Learn how Massachusetts determines taxable income for remote workers, including the state’s unique income sourcing rules and how to navigate tax credit options.

While a 42% federal tax bracket doesn’t exist, your combined tax rate can be complex. Learn how federal and state tax systems interact to determine your rate.

Understand the potential consequences of a compromised tax ID number and the structured process for correcting your financial and government records.

A 1031 exchange carries forward the tax history of your old asset. Learn the specific rules for calculating the new property’s basis and ongoing depreciation.

The RRA 98 fundamentally rebalanced the relationship between taxpayers and the IRS, creating new procedural safeguards and enhancing taxpayer protections.

The system for qualifying tax preparers has evolved. Learn about the current professional standards and how to make an informed choice for your tax needs.

Learn about the IRS program for businesses to voluntarily resolve improper ERC claims, offering a structured path to compliance and reduced repayment terms.