Investment and Financial Markets

Gain a clear understanding of the SC Form 1040. This guide explains the process for calculating and filing your South Carolina individual income tax return.

Learn how Utah’s tax laws affect an inheritance. Our guide covers key state and federal rules that can impact the final value of the assets you receive.

Directive 2013/34/EU creates a unified standard for company reporting across the EU, establishing disclosure obligations scaled by an entity’s size.

Understand the tax implications of a tuition reduction. Learn how your role as a student or employee affects whether this benefit is considered taxable income.

Understand the tax implications of ending your Canadian residency. Learn how a deemed disposition of property triggers a capital gains tax and your resulting obligations.

A 1031 exchange with owner financing is possible with careful structuring. Learn how to manage the seller note to achieve full or partial capital gains tax deferral.

Understand the tax system behind the Child Tax Credit. This guide clarifies the process for claiming this federal benefit and how it relates to state programs.

Learn how Kansas state income tax applies to Social Security benefits. The state’s tax treatment is based on your federal Adjusted Gross Income.

Understand the procedural steps and tax rules for making a large, lump-sum 529 plan contribution by using the special five-year gift tax election.

Understand the process for amending a partnership return with an Administrative Adjustment Request, including the critical choice of how to handle the tax due.

Understand how tax law can view an increase in your share of partnership debt as a personal cash investment, affecting your tax position.

Understand the IRS guidance providing a simplified path for partnerships to correct a missed Section 754 election and secure a retroactive basis adjustment.

Lenders review your tax history to verify income and assess financial stability. Learn how they calculate qualifying income for a mortgage approval.

A Form W-9’s validity is indefinite until specific details change. Discover the key circumstances that require a new form to ensure accurate tax reporting.

An ETF’s cost basis evolves beyond its purchase price. Learn how to track the adjustments that are essential for accurate capital gains tax reporting.

Learn how U.S. federal tax obligations are determined by an individual’s legal status, an entity’s structure, and the source of its income.

The PTET election allows a business to pay state income tax for its owners, creating a federal business deduction and a corresponding state tax credit.

Learn the official definition of NAICS code 531210 to properly classify your real estate business for administrative and financial purposes.