Investment and Financial Markets

Discover why your combined income as a married couple might result in higher taxes and learn how to align your financial planning to address this effect.

An asset’s initial cost isn’t the whole story for taxes. Learn how its value is adjusted over time to accurately calculate your taxable gain or loss upon sale.

This guide clarifies tax liabilities for U.S. and Korean individuals and entities, outlining the system for allocating taxing rights on cross-border income.

Navigate the tax rules for pre-opening business expenses. Learn how to structure the Section 195 deduction for both immediate and long-term tax advantages.

An IRS notice about a tax discrepancy can be confusing. Understand the process behind these corrections and how to properly address the proposed changes to your return.

Owning property in multiple states affects how you claim a homestead exemption. Learn the criteria that define your one legal residence for property tax purposes.

Navigate the IRS requirements for a FIRPTA withholding certificate to accurately align tax withholding with your actual liability on a U.S. property sale.

Understand your business’s sales tax obligations in Utah. This guide covers the entire compliance process, from registration to final remittance.

Discover the unique tax framework for U.S. Virgin Islands residents, where local filing obligations and significant tax advantages replace the typical IRS process.

Explore the competing philosophies shaping the debate on federal tax reform, from simplifying the code to fundamentally restructuring how revenue is collected.

Understand the complete process for your LLC’s partnership tax return. This guide offers a clear method for Form 1065 and partner income allocation.

Resolve your income tax debt through official government programs. Learn how to assess your financial standing and navigate the procedural steps toward a settlement.

Discover the tax treatment for gains on certain historic corporate debt under Section 309, a key precursor to today’s OID regulations.

Converting your home to a rental involves key residency timelines set by financial agreements and property regulations. Learn what’s required for a compliant transition.

Your personal tax rate isn’t just one number. Understand the process for calculating your true tax liability and gain a clearer view of your finances.

Ending U.S. tax residency involves a final settlement with the IRS. Learn how this exit tax is calculated on your assets and the required filing steps.

Selling assets for a profit doesn’t always mean a large tax bill. Learn how strategic financial planning can legally minimize or postpone what you owe.

A guide to Delaware’s tax structure, clarifying the specific exemptions and legal rules that create financial benefits for both individuals and businesses.