Investment and Financial Markets

Understand the firm deadline for making a prior-year IRA contribution and the specific steps required to ensure it’s applied to the correct tax year.

Understand the nuanced differences in how state and federal governments define taxable income, which explains why your reported state wages may be lower.

Learn how the classification of mineral rights under state law is the key to deferring capital gains tax through a properly structured 1031 exchange.

Received a Schedule K-1? Learn what this tax document means, how its figures reflect an entity’s performance, and its role in your personal tax filing.

Learn the official process for how government agencies can collect certain debts from your tax refund and what your rights and response options are.

Learn the legal significance of signing your tax return. This guide covers the IRS’s framework for addressing inaccuracies, from simple errors to willful falsehoods.

Explore how international agreements have reshaped Swiss banking, creating distinct reporting duties for both banks and U.S. taxpayers with foreign accounts.

Dependent Care FSA elections are usually fixed for the year. Learn about the specific life events that allow you to modify your contribution and the required steps.

U.S. presidents have the same federal income tax obligations as other citizens. Learn how their unique position impacts their financial responsibilities.

Navigate Illinois’s pay-as-you-go tax system. This guide clarifies how to manage state income tax on earnings not subject to standard withholding.

Understand the distinction between a business’s legal structure and its operating name to ensure your co-owned enterprise is set up properly.

Understand the mechanics of an LLC charitable donation deduction. The method depends on your entity’s tax status, impacting either owner or company returns.

Learn the correct procedure for amending a New York nonresident or part-year resident tax return with Form IT-203-X to ensure your filing is accurate.

Understand the tax code’s framework for charitable donations. This guide clarifies the rules for making your contributions count as a valid tax deduction.

Learn how IRC Section 2701 governs the valuation of family business transfers for gift tax, focusing on how retained interests are treated for an accurate assessment.