Investment and Financial Markets

Understand the tax principles for recovering business property costs. Our guide walks through the complete process for claiming this valuable annual deduction.

For businesses, credit card processing fees are a standard operating expense. Learn to properly account for these costs to accurately reduce your tax liability.

Learn how your projected income affects the advance credit for your health plan and how it’s reconciled with your final numbers when you file your taxes.

Utah offers a tax credit for Social Security recipients. This guide details the process for reducing your state tax based on your income and benefits.

Learn how safe harbor rules in tax and accounting provide a clear path to compliance, allowing you to satisfy complex regulations and avoid potential penalties.

Understand the tax implications of selling your main residence. Learn how to calculate your final gain and determine if it qualifies for exclusion.

A guide to Philadelphia BIRT compliance. Learn to accurately calculate tax on both gross receipts and net income and follow the correct filing procedure.

Understand the relationship between your business profit calculation and your main tax return. See how one form feeds into the other to determine your final tax.

Understand Indiana’s pay-as-you-go tax requirements for income not subject to withholding to maintain compliance and make accurate quarterly payments.

Demystify your W-2 by understanding how FICA payroll deductions are calculated and why the wage amounts for income, SS, and Medicare taxes may differ.

Navigate the U.S. pay-as-you-go tax system for income without withholding. Learn the framework for meeting your quarterly obligations and staying compliant.

The Lifetime Learning Credit has no yearly limit, setting it apart from other education benefits. Understand the key financial and taxpayer requirements to claim it.

Understand the methodical calculation that refines your total earnings into your final tax base through a structured series of subtractions and adjustments.

Understand your hedge fund K-1. This guide explains how partnership income, gains, and other unique tax items are reported and affect your personal return.

Understand the tax rules for deducting a parent’s funeral costs. Learn why this deduction typically belongs to the estate, not the individual who pays.

Understand why a payment from a business is rarely a true gift in the eyes of the IRS and how its classification impacts both the giver and receiver.

Understand the tax implications when your IRA receives a K-1 with UBTI. This guide clarifies how partnership activities can trigger tax liability for your retirement account.

Gain insight into the IRS’s internal standards for penalty forgiveness. This guide explains the criteria agents use to evaluate a taxpayer’s request for abatement.