Investment and Financial Markets

This article translates the core concepts of IRS Publication 542 into a practical framework for managing your corporation’s federal tax compliance.

For self-employed U.S. expats, foreign housing costs can be a valuable tax deduction. Learn to navigate the rules and calculations on Form 2555 to lower your tax.

Understand the official process for certifying a private vehicle transfer as tax-exempt in Illinois, ensuring your transaction meets state requirements.

Explore the established framework for analyzing the tax character of cash received by shareholders in a corporate reorganization.

For Uber drivers, tips are taxable business income. Learn the essentials of managing your tax liability for both electronic and cash earnings as an independent contractor.

Proactive financial planning can help you effectively manage your federal tax obligations. Learn how to structure your finances to lower your tax burden.

This guide provides a framework for S Corp owners to set a reasonable salary, ensuring compliance with IRS rules and properly managing tax obligations.

Gain clarity on Oregon’s pay-as-you-go tax system for income without withholding, helping you proactively manage your annual state tax obligations.

Navigate the new Section 174 capitalization rules with IRS Notice 2023-63. This interim guidance clarifies cost treatment and accounting method changes.

This tax benefit is tied to one designated home. Learn how authorities determine your main residence and the rules for making a proper claim.

Learn how the U.S. progressive tax system functions for individuals, from establishing total income to calculating your final tax liability after credits.

Arizona’s flat income tax system is more than a single rate. Learn how your final tax liability is determined and the key ways to reduce what you owe.

Discover how electronic filing systems create an automatic digital summary, making a separate paper transmittal form for information returns unnecessary.

For US expats in Portugal, the tax treatment of Social Security is determined by its country of origin, creating distinct obligations in both nations.

Understand how U.S. tax law applies to international students paying tuition. Eligibility for credits and deductions is based on specific circumstances.

Understand the tax implications of receiving a grant. While most are considered income, specific circumstances can make your funds tax-free.

Understand the key distinction between your tax return’s AGI and your take-home pay. These figures are calculated differently to serve distinct financial purposes.

Understand the full lifecycle of an IRS Offer in Compromise, including the financial proofs required and the long-term obligations of a settlement.

Learn how the tax withholding system can result in an overpayment. Our guide covers the process of reconciling your annual tax and recovering the excess amount.