Investment and Financial Markets

Explore the tax principle that prevents a double benefit on business property, changing how current Section 1231 gains are taxed based on prior-year losses.

Your business structure determines how you report profit and loss. Learn which entities file Schedule C and how this form integrates with your personal tax return.

Clarify the tax treatment of your Coverdell ESA distribution. Understand how your education expenses and account details determine the taxable amount.

Explore the U.S. anti-inversion rules, a framework that assesses shareholder continuity and foreign operations to limit or deny tax benefits from moving abroad.

Discover how Rev. Proc. 2015-14 offers a simplified path for small businesses to align their accounting methods with tangible property tax regulations.

A deed in lieu of foreclosure is treated as a sale for tax purposes, potentially creating both taxable income and a separate capital gain or loss.

Understand the function of Form 709 in managing your lifetime gift tax exemption and the key considerations for proper gift reporting and compliance.

Understand the current IRS approach to R&D costs, covering the mandatory tax accounting for expenses and the separate process for claiming tax benefits.

An unpaid debt can be a deductible loss. Learn the key distinctions and procedural steps the IRS requires to correctly claim this tax benefit.

Learn how step-up in basis can reduce capital gains tax on inherited assets in California, and how this differs from property tax reassessment rules.

A private school’s tax liability depends on its legal framework. Learn how the distinction between non-profit and for-profit status defines what they pay.

Explore how Rev. Proc. 2022-14 provides an accessible path for certain estates to secure a decedent’s unused estate tax exemption for a surviving spouse.

This guide explains the core tax principles for retirement plan withdrawals. Learn how your choices on timing and form of payment shape your tax obligations.

Explore a defined value clause that allows for gifting hard-to-value assets by fixing the dollar amount, protecting donors from unforeseen gift tax liability.

Certain U.S. shareholders can make a tax election to apply corporate rates to undistributed earnings from specific foreign corporations.

Understand the tax rules for your legal settlement. Whether compensation for pain and suffering is taxable depends on the origin of your legal claim.