Investment and Financial Markets

Discover how state-level taxes on assets after death work. Learn about the impact of residency, asset location, and federal law on your estate plan.

Understand the IRS methodology for valuing a gifted life insurance policy, a crucial step for ensuring accurate gift tax reporting and compliance.

Understand the complex tax allocations required for contributed property. This guide explains how to align tax consequences with the partners’ economic arrangement.

Understand the distinction between retirement account transfer methods and how a direct transfer between trustees avoids common annual limitations.

Filing a final tax return for a decedent requires their wage documents. Learn the official process for securing the necessary records to fulfill this obligation.

Your business structure is the key to ERC eligibility. Learn how the rules apply differently to sole proprietors and incorporated business owners.

Gain clarity on the FICA tax on your pay stub. Learn how this federal payroll tax is structured and applied to different income levels and workers.

Understand the tax treatment of your CME expenses. This guide clarifies how IRS rules for reimbursements and deductions impact your personal finances.

Learn the strategic considerations for gifting an LLC interest. This guide explains how to structure the transfer for effective wealth succession and tax compliance.

Learn how an IRS estate closing letter provides the official confirmation an executor needs to safely distribute assets and finalize an estate’s administration.

Your income level determines your ability to contribute to a Roth IRA. Understand how the IRS guidelines affect your personal contribution limit and options.

Learn how to present your complete financial picture to the IRS using Form 433-F to establish your capacity for paying a tax liability.

Learn how tax law limits a private foundation’s ownership in a business, ensuring assets remain dedicated to charitable purposes and avoiding penalties.

Understand the financial framework of the Section 45X credit for U.S. producers of key renewable energy, battery, and critical mineral components.

Understand the key requirements for the federal clean vehicle credit. Learn how your income and the vehicle’s manufacturing details determine your final credit amount.

A procedural guide for individual shareholders of controlled foreign corporations on using the annual Section 962 election for foreign income inclusions.

The tax on IRA withdrawals is based on your ordinary income rate, not a fixed percentage. Learn how the type of IRA and timing affect your tax liability.

Navigate the UC 1098-T tax form with confidence. This resource explains the form’s purpose and its connection to valuable education tax credits.