Investment and Financial Markets

Understand how Rev. Rul. 82-12 guides the tax character of corporate payments to departing shareholders, based on allocations in the governing agreement.

Learn how a net gift, where the donee pays the tax, is treated as a partial sale, creating potential income for the donor and affecting the asset’s basis.

Understand the structured process for arranging a multi-year payment plan with the IRS to resolve an outstanding tax liability.

Learn to properly complete Schedule O for Form 990 & 990-EZ. This guide covers providing clear narrative explanations for transparency and IRS compliance.

Understand the tax obligations for DoD contractors. While a broad exemption doesn’t exist, specific relief from certain taxes is possible with proper documentation.

Understand the tax implications of purchasing used business assets and how to correctly apply the Section 179 deduction to lower your taxable income.

Learn the application process for Form 8942, which allows small businesses to seek certification and funding for therapeutic discovery projects.

A late W-2 means your initial tax filing is incomplete. Learn the process for reconciling your return with the IRS to ensure an accurate financial outcome.

Understand how to correctly allocate interest costs to an asset’s value when project expenditures exceed their direct financing under capitalization rules.

Explore how Maryland and Pennsylvania’s distinct approaches to state and local taxation can impact your personal finances, residency, or commute.

Explore when a life insurance beneficiary may be responsible for a portion of the estate tax and the planning options available to direct this outcome.

Selling an inherited property involves a unique process. Learn the essential legal and financial steps to navigate the sale and its tax considerations.

Learn the methodology for establishing an estate’s taxable value. This guide shows how its initial worth is refined by deductions and rules before tax is applied.

While 401k withdrawals are generally taxable in New Jersey, your final liability depends on specific state guidelines related to age and overall income.

Gain a clear view of corporate tax compliance as a system that connects financial recordkeeping with the ongoing requirements of calculation and reporting.

Understand the reporting framework for foreign financial assets on 2022 Form 8938. This guide helps U.S. taxpayers meet their compliance duties.

Clarify worker classification by understanding the IRS criteria for analyzing the nature of a working relationship for federal tax and reporting purposes.

Properly request a New York state tax filing extension. This guide clarifies the purpose of Form IT-370 and the necessary payment considerations.