Investment and Financial Markets

Examine the tax principles for deferring advance payment income, tracing the one-year method’s evolution from Rev. Proc. 71-21 to current regulations.

Understand the donor’s responsibilities for reporting financial gifts. This guide explains the federal tax process and its long-term financial implications.

Leaving New York has significant tax implications. Learn how to properly sever residency ties to avoid ongoing liabilities and understand what income remains taxable.

Examines 31 USC 3730(b), the statute that structures the collaborative yet distinct roles of a private citizen and the government in a qui tam lawsuit.

Confidently pay yourself back from your HSA. This guide provides the essential framework for a correct and compliant reimbursement process.

Learn how your Form 1095-A from Covered California is used to reconcile your health insurance subsidy and accurately calculate your premium tax credit.

An unusually large dividend may be treated differently for tax purposes, requiring a reduction in the stock’s cost basis instead of being taxed as income.

Guidance on how buyers and sellers must consistently allocate a business purchase price to establish the proper tax basis and report gain or loss.

Recent tax modifications and upcoming law expirations require careful attention. Gain insight into the changes affecting individual and business planning.

Taking an early IRA distribution has tax implications. Understand the rules for accessing your funds and the process for qualifying for a penalty exception.

When moving retirement savings, the transfer method you choose dictates your tax consequences and the complexity of the rules you must follow.

Go beyond the budget in PL 117-328. This omnibus law enacts important new rules affecting personal and business financial decision-making.

The date of your mortgage determines your interest deduction limit. Learn how pre-2018 debt rules differ from current regulations and impact your tax return.

A stock’s cost basis is the adjusted value, not just its purchase price, used to properly calculate capital gains and losses for tax purposes.

Understand Georgia’s tax structure. This guide explains the key components that determine your tax liability and outlines the process for filing and payment.