Where Can I Get My Federal Tax Forms?
Learn the official and reliable ways to obtain current and prior-year federal tax forms, ensuring you have the right documents for a straightforward filing.
Investment and Financial Markets
401k for Expats: Contribution and Distribution Rules
As a U.S. expat, your 401(k) operates under a different set of rules. Learn the key tax and administrative factors for managing your retirement savings abroad.
What Are Singapore’s Crypto Tax Rules?
Crypto tax in Singapore is based on the nature of your transactions. Learn the principles that determine if your profits are considered investment gains or taxable income.
Do I Need to Report Traditional IRA on Taxes?
Understand your tax obligations for a Traditional IRA. Learn how the movement of funds into, out of, or between accounts impacts your annual tax return.
Revenue Ruling 79-46: Valuing Life Insurance Transfers
Understand the IRS valuation for a life insurance policy transferred from an employer, a method creating taxable income beyond its cash surrender value.
Tax Planner vs CPA: Which Professional Do You Need?
Selecting a tax professional is about more than a title. Understand if your needs call for historical compliance or a forward-looking financial strategy.
SEPP Calculation: How to Determine Your Payments
Understand the mechanics of calculating your SEPP withdrawal amount. This guide covers the necessary inputs and formulas for penalty-free retirement distributions.
GAAP Accounting for Discontinued Operations
Understand the GAAP framework for isolating the financial impact of a business disposal, ensuring a clear view of a firm’s ongoing performance.
What Is the Excess Net Passive Income Tax?
Learn how an S corp’s C corporation history and passive income can trigger a distinct corporate-level tax and potentially jeopardize its filing status.
How to Reduce Your W-2 Taxable Income
Learn the key strategies for lowering your taxable income, from utilizing pre-tax employer benefits to applying personal deductions that reduce your AGI.
What Does Fully Depreciated Mean?
Explore the financial status of an asset after its cost is fully allocated, covering its treatment on the books and the tax impact when it is eventually sold.
How Are Prize Money and Winnings Taxed?
Receiving a prize creates a taxable event. Learn how winnings are valued and integrated into your overall financial and tax picture.
What Are Priority Taxes in Bankruptcy?
Explore how the Bankruptcy Code elevates specific tax obligations, dictating their repayment and survivability over other forms of debt.
What Is IFRS Accounting and How Does It Work?
Learn how IFRS provides a single, principles-based accounting language, influencing how companies globally report financial health with consistency and clarity.
What Is Form 2553 Used For? Filing for S Corp Status
Learn how Form 2553 is used to elect S corp tax status and navigate the official IRS requirements and procedures for a successful filing.
What Goes Into Closing Costs When Buying a Home?
Finalizing a home purchase involves a range of costs beyond the down payment. Learn how these funds cover the transaction’s legal, financial, and administrative steps.
What Is a Surtax and How Does This Additional Tax Work?
A surtax is an additional tax liability calculated on top of standard tax rates, often targeting specific income levels or types.
401k Phase Out: Are Your Contributions Limited by Income?
While no direct income limit applies to 401k contributions, high earners face other complex rules. Learn how your salary truly impacts retirement savings options.
What Constitutes an Investment Property?
A property’s classification is defined by its use, not just its type. This distinction governs the specific tax and financing rules that will apply.
Are Whole Life Insurance Dividends Taxable?
While generally considered a tax-free return of premium, whole life dividends can become taxable depending on how they are used or if the policy is altered.