Investment and Financial Markets

Understand how Michigan’s reinstated personal and dependent exemptions can reduce your taxable income and find out how to apply them on your state tax return.

Delve into a key historical U.S. tax provision that offered export incentives through a unique transfer pricing system and why it was discontinued.

While 401k plans are generally protected, federal law grants the IRS unique power to collect tax debt from retirement assets through a formal process.

Clarify your state tax obligations as an au pair. Learn how state residency rules create filing requirements distinct from your federal tax status.

Understand the 60% bonus depreciation rate for 2024 and its scheduled phase-down. Learn how current rules and proposed legislation impact your business asset deductions.

Understand the annual earnings cap for Social Security tax and how your employment situation affects total withholding and potential tax return credits.

Understand New Mexico’s tax system. This guide details the state’s tax structure, rates, and obligations for both individuals and business owners.

Learn the nuanced tax treatment of a replacement property after a 1031 exchange, including how its prior tax history influences future depreciation.

Your tax outcome is a reconciliation of your total calculated tax against payments made. Learn how your financial year shapes this result and estimate your own.

Understand the deferred tax consequences for property left to a surviving spouse and how this planning strategy affects eventual tax liability and asset basis.

Effectively manage your ecommerce tax obligations by learning the framework for classifying, tracking, and claiming your business-related expenditures.

A Form 1099-K shows gross transactions, not net income. Learn how to reconcile the reported total with your records to accurately determine your tax liability.

Understand the conditions for a tax-free Roth conversion. The process requires careful management of pre-tax and post-tax funds across all your IRA accounts.

Understand how to correctly report PPP loan forgiveness on Form 990 and its specific implications for your nonprofit’s public support calculation.

Understand the essential guidelines shaping professional appraisal practice, ensuring ethical conduct, consistency, and public trust in the valuation process.