Investment and Financial Markets

Understand when business real property upgrades qualify for the Section 179 deduction. This guide covers the specific eligibility rules for improvements.

Understand the financial mechanics of using IRA funds for charity before age 70 1/2. This process has distinct tax rules affecting your income and deductions.

Converting from an S corp to a C corp has significant operational and tax effects. Learn the key considerations and procedural steps for a successful transition.

Gain clarity on how the federal estate tax is calculated. This article breaks down the financial steps involved in arriving at an estate’s final tax obligation.

Understand the mechanics of IRS penalties for late tax filing and payment and the specific circumstances under which they may be reconsidered.

Understand the complete IRS framework for your rental property’s finances to accurately calculate and report your net profit or loss for the year.

Your W-2 reports total compensation, not just your salary. Learn how taxable benefits and pre-tax deductions affect the final numbers on your form.

Learn the process for extending your Vermont tax filing deadline, including its link to a federal extension and how to submit payments to remain compliant.

Understand the expired tax provisions of Revenue Code 120 for group legal plans and review the modern, practical alternatives for offering this benefit.

For working couples, personal IRA eligibility is tied to your joint finances. Understand the key factors that determine your retirement contribution options.

Learn how your tax records are used for income verification and the process of authorizing the IRS to securely share that information with third parties.

Learn the criteria for treating small business asset purchases as immediate expenses rather than capital assets for both accounting and tax purposes.

An analysis of the proposed minimum tax on the wealthiest, explaining its unique approach of treating the annual growth of assets as taxable income.

Leaving California involves more than a change of address. Explore the financial considerations and legal ties that define your ongoing tax status with the state.

Small businesses can leverage a key federal tax credit when establishing a new retirement plan. Understand the financial mechanics of this multi-faceted incentive.

Understand the specific IRS rules for deducting rental car costs. Learn how to distinguish business from personal use and track your actual expenses.

Learn how specific loan structures can shield a borrower’s personal assets from seizure and understand the financial implications of this arrangement.