Investment and Financial Markets

Feeling uncertain about your tax obligations? Learn the principles behind the tax code to correct common errors and make more informed financial decisions.

Understand how to claim prior-year tax credits with Form 7202 if you were self-employed and took sick or family leave during 2020 or 2021.

Using a business loss to lower future taxes requires navigating specific rules that govern its calculation, annual limits, and how it’s applied.

Understand how California’s nonrefundable dependent credit can reduce your state tax liability and how it fits within the landscape of other tax benefits.

A complete guide to the repealed Cook County Sweetened Beverage Tax. Learn how the short-lived 2017 tax operated, affecting both consumers and businesses.

An explanation of IRS Notice 2022-36, which offered automatic relief for certain late filing penalties on 2019 and 2020 returns filed by its deadline.

Understand your responsibilities for the IRS PCORI fee. Learn which health plans are affected and how issuers and plan sponsors ensure compliance.

Explore recent IRS guidance clarifying distribution rules for inherited retirement accounts and waiving penalties for beneficiaries impacted by recent tax law changes.

Understand the implications of IRS Notice 2023-54. This guide details the criteria for affected conservation easements and resulting participant obligations.

Your connection to a state defines your resident filing status and determines how your total income, from all sources, is ultimately taxed.

Learn about the 403(b)(9) plan, a retirement vehicle for churches with distinct administrative rules, unique investment options, and special tax provisions.

Understand the unique tax implications of an inherited property and the strategic actions required before pursuing a tax-deferred exchange.

Learn the tax principles behind equipment depreciation to make informed decisions, recover asset costs, reduce taxable income, and report correctly.

Using a 529 plan for graduate school housing involves more than just paying rent. Understand the key distinctions and limits to maximize your tax-free benefits.

Discover how IRS Notice 2023-80 provides essential administrative relief and clarity for retirement plan sponsors navigating SECURE 2.0’s catch-up rules.

Understand the dual role of tax preference items. Learn how these favorable deductions can trigger a parallel tax calculation and affect your tax liability.

For successor employers, Form 941 Schedule D is the IRS mechanism for reconciling payroll tax data following a business acquisition, merger, or consolidation.

Understand the tax rules for receiving rent in advance. This guide clarifies income recognition timing and its effect on deducting associated rental expenses.