Investment and Financial Markets

Your federal filing status doesn’t always carry over to your state return. Understand the circumstances where state-specific tax rules provide different options.

Learn the correct tax filing process for unemployment benefits. This guide clarifies where to report income and how to claim federal tax withheld on your 1040.

Claiming a tax deduction for a charity auction purchase requires understanding the difference between the price you paid and the item’s actual value.

Understand the principles behind IRS late filing and payment penalties and the specific circumstances that may qualify a taxpayer for penalty relief.

Discover how Form 8823 functions as the critical link between state agencies, the IRS, and LIHTC property owners regarding compliance and potential credit recapture.

Navigate Georgia’s specific 1099 reporting requirements. Learn the state’s process for transmitting federal forms and the necessary data to ensure compliance.

Gain a clear perspective on the Employee Retention Credit, with guidance on making sound determinations and adhering to the necessary IRS protocols.

Learn how state wages in Box 16 of your W-2 are determined and why this amount can differ from your federal wages, impacting your state tax return.

An overview of the IRS framework for group trusts, a structure that allows separate retirement plans to pool assets for collective investment and efficiency.

Understand Ohio’s elective PTE tax, a strategy for business owners to manage federal SALT deduction limits through an entity-level payment and state credit.

Explore how IRS Notice 2023-27 identifies a specific CRAT strategy as a listed transaction, creating new reporting obligations for participants and advisors.

Choosing a business entity with partners impacts your company’s legal and operational foundation. Explore the core differences between two common structures.

Understand Form 9182’s role as an employer’s certification of a job offer, providing critical evidence for a T-1 Nonimmigrant Status applicant.

Understand the framework for pediatric home nursing under the P9420 code, from establishing clinical need to securing provider reimbursement.

Filing a tax return with a prior-year W-2 involves a specific process. Understand the crucial deadlines for claiming a refund or addressing taxes owed.

This guide explains how military reservists can reduce their adjusted gross income by claiming certain unreimbursed, service-connected costs.

Property tax relief for homeowners with a disability is managed locally. Understand the common eligibility rules and processes for reducing your annual tax bill.

The idea of “double taxation” on capital gains is often misunderstood. We explain how multiple tax events can apply to a single gain depending on the context.

Clarify the financial interplay between your benefits. Learn how Social Security taxes are calculated on your total benefit before Medicare deductions are applied.