Investment and Financial Markets

Understand the tax implications of 529 plans. Contributions don’t reduce federal AGI, but state-level deductions and tax-free growth offer key benefits.

A practical overview of the GCC’s consumption tax. Gain clarity on when your business must enter the system and the processes for managing your tax position.

Explore the distinct tax profile of STRATS Trusts, where rules for OID, market discount, and basis adjustments determine your tax liability over time.

Understand the formal IRS process for addressing a lost, stolen, or destroyed refund check and what to expect after you make the request.

Learn the essential compliance duties for corporate insiders under Section 16, covering both reporting obligations and strict trading liability rules.

Examine the strategic and administrative shifts for small business retirement plans following the introduction of the Roth SIMPLE IRA by SECURE 2.0.

Understand how Box 12 Code S on your W-2 reflects your SIMPLE IRA savings and learn why this amount has already reduced the taxable income shown in Box 1.

Learn the correct IRS procedure for amending your annual FUTA tax return. This guide clarifies the process for fixing errors to resolve tax due or claim a refund.

Portability lets a surviving spouse use a deceased spouse’s unused gift and estate tax exemption, but this valuable benefit requires a timely election.

Understand the mechanics of how capital losses interact with gains and learn established methods for managing your long-term capital gains tax liability.

Accessing your HSA funds for non-medical needs is an option. This guide explains the financial considerations and rules you need to know to avoid surprises.

Navigate the tax implications of distributions from pre-1982 annuities. IRS Notice 87-13 established a two-tier system for older and newer contributions.

Explore the legislative effort to make the 20% pass-through deduction permanent and the stability this change could bring to business tax planning.

Discover how a shareholder loan to an S Corp creates debt basis, affecting your ability to deduct losses and the tax consequences of loan repayments.

Understand the state tax implications for Social Security in Rhode Island and the specific provisions that may reduce your overall taxable income.

Fiduciaries for New York estates and trusts can learn the requirements for making estimated state income tax payments with Form IT-560.

Understand the process for translating qualified domestic energy production into a tax benefit using Form 8835 as part of the General Business Credit.

Maintaining proper financial records is a core compliance function under SEC rules. Learn about the regulatory framework for managing these obligations.