Investment and Financial Markets

Your employment status may not delay a SIMPLE IRA RMD. Learn how IRS withdrawal rules for these accounts differ from other plans, even if you are still working.

Separated in a community property state? A specific tax rule may allow you to file based on your own income instead of splitting it with your estranged spouse.

Understand the tax compliance role of Form 8621 for U.S. persons with foreign investments and the critical decisions that impact reporting.

Learn the important tax distinction for airline miles. How you acquire your miles, as a rebate on spending or as a direct award, determines if they are taxable.

While a W-2 contains your address, its primary function for tax reporting often conflicts with the recency criteria for address verification.

Learn about the tax process that aligns your health insurance subsidy with your final income and see how this required calculation affects your tax refund or amount due.

Understand the 2024 standard deduction for married couples, including key additions, and learn how to determine if itemizing offers a greater tax benefit.

A federal tax extension can simplify filing your Utah return, but the payment deadline is unchanged. Learn the requirements to avoid penalties and interest.

Understand how governments define and tax corporate profits that exceed a normal baseline, a practice with historical roots and modern considerations.

Learn the criteria and procedures for requesting a reduction of IRS penalties based on your compliance history, personal circumstances, or financial situation.

Clarify the timing of Form W-9 requests. This form is a proactive business step to gather vendor tax info, not an annual tax season mailing.

A VEBA trust offers a structured way for companies to pre-fund benefit obligations, providing tax efficiency while protecting assets for employee welfare.

A practical guide to El Salvador’s tax framework, clarifying how residency and income source determine obligations for individuals and businesses.

Explore the principles of Canada’s Foreign Tax Credit and the process for aligning your foreign and domestic tax obligations.

Understand the comprehensive framework for CPA licensure in Minnesota, detailing the qualifications and procedures set by the state board.

Understand the OASDI deduction on your paycheck. Learn the mechanics of how this Social Security tax is calculated and why it stops being withheld after a certain income.

Accurately file your state tax return by understanding the state wage and withholding figures on your W-2, which can differ from federal amounts.