Investment and Financial Markets

Not all non-profits are the same for tax purposes. Learn how a 501(c)(7) social club’s mission impacts whether your financial support is tax-deductible.

A key Supreme Court tax ruling was narrowly written, upholding a specific tax while leaving the larger constitutional question of a federal wealth tax unanswered.

The federal mandate for R&E amortization created a significant divergence in state tax policy, leading to new compliance challenges and planning considerations.

Allow a trusted person to discuss your tax return with the IRS. Learn about this simple, limited authorization and when more formal representation is needed.

Understand the logic behind your state tax calculation. This guide details the systematic process of how your income is converted into your final liability.

Understand how your total earnings are adjusted by pre-tax deductions to determine the taxable income reported on your end-of-year tax forms.

Explore the framework of the Section 45V credit, which ties its value to carbon intensity and presents key strategic choices for clean hydrogen producers.

Navigate New Jersey’s property tax relief system. Our guide clarifies the requirements and procedures for securing available state benefits for homeowners and renters.

The choice of accounting method isn’t always yours for tax purposes. Learn the specific business conditions that mandate a switch from cash to accrual accounting.

Understand the framework of IRS Code 115, detailing how income from essential government functions accrues to public entities without federal tax liability.

The expiration of the $10,000 SALT deduction cap after 2025 will restore a major tax break, altering financial planning strategies for many itemizers.

If your Form 1099-DIV shows foreign tax paid, learn how to navigate your reporting choices to properly address this on your U.S. tax return.

Understand the statute of limitations for IRS tax collection. This guide explains how the collection deadline is established and what actions can modify it.

Learn how to accurately complete your new W-4. This guide explains the key decisions needed to manage your paycheck withholding and avoid tax year surprises.

Understand the principles that govern how restructuring costs are recognized for financial reporting and when they can be deducted for tax purposes.

Understand the IRS guidelines for tax-free tuition reimbursement, including its impact on your taxable income and eligibility for other education benefits.

Understand Connecticut’s clean vehicle incentive, a point-of-sale rebate that instantly reduces the car’s price, differing from a traditional tax credit.

Learn how to interpret the interest income reported on Form 1099-INT and accurately transfer the figures to your federal tax return for proper filing.

Go beyond the basics of an LLC vs. sole proprietorship to see how this decision shapes your financial obligations and professional standing as a photographer.