Investment and Financial Markets

Navigate the specifics of Pennsylvania’s partnership tax return, a key information filing that impacts multi-state income and individual partner reporting.

Learn why self-employed individuals can deduct half of their SE tax, a key adjustment that creates tax parity and lowers your adjusted gross income.

Retiring in Florida involves understanding how state-level tax benefits for pensions interact with separate federal income tax obligations.

Learn how a remote worker’s physical location in South Carolina dictates state tax responsibilities for both the individual and their employer.

An analysis of the Seychelles tax framework, examining its corporate benefits and privacy laws alongside evolving international compliance standards.

Explore how IRC 2652 provides a crucial estate planning tool for married couples to preserve the first spouse’s GST tax exemption for a QTIP trust.

Learn how mark-to-market accounting affects financial statements and its specific tax consequences, including when it is required versus an elective choice.

The Corporate AMT has a key exemption for smaller businesses. Learn how to determine if this tax applies and what steps are required if you are not exempt.

Examine the compliance framework created by IRS Notice 2017-54, which defines specific reporting obligations for parties in listed easement transactions.

A used Ford Fusion Hybrid may be eligible for the Used Clean Vehicle Credit. Learn the key requirements for buyers and vehicles, including income and price caps.

A stock tax true up reconciles the difference between standard withholding on equity compensation and your actual tax liability to ensure accurate reporting.

Clarifying the Employee Retention Credit (ERC), a refundable payroll tax credit for businesses navigating the rules for wages paid in 2020 and 2021.

Understand the mechanics of the Additional Medicare Tax, a surtax applied to earnings above specific thresholds determined by your filing status.

Understand how Schedules K-2 and K-3 report a pass-through entity’s foreign tax items and what this information means for your individual tax filing.

While there is no longer a federal penalty for being uninsured, your tax liability may be affected by health coverage requirements in your state.

Learn the requirements for using Form 1040 Schedule A to claim itemized deductions and potentially lower your overall tax liability.

Eligibility for the 2023 clean vehicle credit hinges on your income, the car’s MSRP, and its battery sourcing. Learn how these factors determine your qualification.