What Are the Current NYC Property Tax Rates?
Understand the calculation behind your NYC property tax, from the city’s initial valuation to the final rate applied to your property’s taxable value.
Investment and Financial Markets
What Is the 415(c) Limit on Annual Additions?
Explore the IRS 415(c) rule, the comprehensive annual limit on all retirement plan additions, including both employer and employee contributions.
Federal Dividend Tax Rates According to the IRS
Your dividend income is subject to federal tax, but the rate varies. Understand the key distinctions the IRS uses to determine your tax liability.
Where to Send Your 83(b) Election to the IRS
Filing an 83(b) election is more than finding an IRS address. Understand the complete process to ensure your submission is compliant, timely, and verifiable.
How Do Estate Donations and Tax Deductions Work?
Understand how a planned charitable gift functions within an estate, from its legal establishment to its ultimate effect on the estate’s tax obligations.
Prepaid Expenses Tax Treatment: When Can You Deduct Them?
The timing of tax deductions for prepaid business expenses is critical. Learn the principles that determine whether you can deduct costs now or must spread them out.
What Is the 402(g) Contribution Limit?
Understand the aggregate limit for your employee retirement contributions to help you save effectively and avoid the financial consequences of excess deferrals.
401k RMD Table: Calculating Your Annual Withdrawal
Navigate mandatory 401k withdrawals with confidence. This guide clarifies the process for determining your required annual distribution amount accurately.
Roth Conversion Alternatives: What Are Your Options?
Secure tax-advantaged retirement funds without the upfront tax hit of a conversion. Explore different financial vehicles and methods for tax-efficient growth.
Does Colorado Tax IRA Distributions?
Learn Colorado’s tax rules for IRA withdrawals. A key state deduction, based on age, can reduce or even eliminate your tax liability on retirement income.
Inherited IRA Minimum Distribution Requirements
Inheriting an IRA creates specific withdrawal obligations. Learn how your beneficiary status dictates your required distribution schedule to ensure compliance.
Does a Trust Fund Earn Interest and How Is It Taxed?
Examine the financial mechanics of a trust, including how its assets generate returns and the important tax rules for the trust and its beneficiaries.
Does Kentucky Tax Social Security Benefits?
Understand how Kentucky’s tax treatment of Social Security and other retirement income differs from federal regulations for accurate state tax planning.
Why Is My Bank Asking for a W-9 Form?
A W-9 request from your bank is a routine step for tax compliance. Learn why financial institutions need this form to fulfill their IRS reporting duties.
Indonesia Withholding Tax: How the System Works
Explore the mechanics of Indonesia’s withholding tax system for both domestic and cross-border payments, from the payer’s role to the recipient’s ability to claim relief.
Internal Revenue Code 105(h): Nondiscrimination Rules
Learn how IRC Section 105(h) governs self-insured health plans, ensuring benefit fairness and defining the tax liability for highly compensated individuals.
What Does Earned Income Mean for Tax Purposes?
Not all income is treated the same by the IRS. Learn how the classification of earned income impacts your tax return and financial planning options.
Section 1061 Rules for Carried Interest Capital Gains
Understand the tax implications of Section 1061, which recharacterizes certain partnership capital gains by applying a three-year holding period to carried interest.
How to Account for the Impairment of Inventory
Learn the accounting principles for adjusting inventory to its true market value, ensuring financial statements are accurate and do not overstate assets.
What Are Financial Assets? Definition and Core Types
Explore financial assets, the intangible instruments representing a claim on future value that are fundamental to personal and corporate financial structures.