What Are the Arizona Standard Deduction Amounts?
Arizona offers a standard deduction to reduce your taxable income. Review the 2023 figures to see if this simplified option is your best financial choice.
Arizona offers a standard deduction to reduce your taxable income. Review the 2023 figures to see if this simplified option is your best financial choice.
Turn a failed investment into a capital loss deduction. Learn the specific IRS criteria for proving a security is worthless and how to correctly time the loss.
Understand ASC 740, the accounting standard for income taxes. This guide explains the principles for reporting a company’s current and future tax obligations.
Learn the principles of U.S. citizenship-based taxation, from reporting worldwide income and assets to the core mechanisms used to prevent double taxation.
Understand the components of a New Jersey paycheck. Learn how mandatory deductions and personal financial choices combine to determine your actual take-home pay.
Understand the U.S. tax framework for calculating foreign currency gains and losses that arise from a foreign corporation’s financial activities.
Explore the direct accounting method, a process for converting a company’s accrual-basis data into a statement of its actual cash receipts and payments.
Learn the key conditions that cause an ITIN to expire and the procedural requirements for renewal to maintain your ability to file U.S. federal taxes.
An overview of the Ivorian fiscal system, explaining the tax obligations and compliance requirements for individuals and corporate entities.
Address unfiled tax returns from previous years. Our guide details the process of using free IRS resources to achieve compliance and manage your tax situation.
Recent changes to inherited IRA rules create complex distribution timelines. Your withdrawal strategy depends on your beneficiary status and the original owner’s age.
Your age doesn’t determine if Social Security is taxed. Understand how your total retirement income dictates your tax situation, especially after age 70.
Navigate the specific factors the IRS uses to identify micro-captive arrangements as transactions of interest and understand the resulting compliance implications.
Filing a late 2020 tax return can resolve your status with the IRS and may allow you to claim a refund or missed pandemic-era financial relief.
Explore the financial aspects of owning a cemetery plot. This guide covers the tax treatment of this unique asset for purchase, sale, and estate planning.
Filing a joint return holds you responsible for the entire tax bill. Discover the IRS pathways to fairly separate your liability from a spouse’s tax errors.
Understand the U.S.-Netherlands tax treaty’s framework for assigning taxing rights and preventing double taxation on cross-border income and activities.
Understand the formal process for reporting tax non-compliance to the IRS. This guide covers the procedural framework and important legal protections.
Hiring a household employee in Massachusetts creates specific tax obligations. This guide clarifies the process for managing federal and state requirements.
Navigate the specific tax rules for your home daycare. This guide details the methodology for accurately tracking and reporting your business-related home expenses.