Investment and Financial Markets

Fiduciaries can obtain an automatic filing extension for a trust or estate’s Form 1041. Understand the new due date and its effect on tax payment obligations.

Understanding sales tax on gym memberships goes beyond state law. Learn how local rules and service definitions can impact the final cost of fitness.

Mailing your tax documents by the deadline? Understand the critical IRS rule that treats your postmark date as your filing date to avoid penalties.

Navigating the FSA “use-it-or-lose-it” rule can be complex. Learn about current IRS guidelines that may allow you to preserve your unused funds.

Understand how Spanish residency and the US-Spain tax treaty determine where your retirement income is taxed, ensuring you file correctly and avoid double taxation.

IRS Notice 1452 is a common security step to confirm your tax filing. This guide details the verification process and its outcomes for your return.

Not all employers must pay FUTA tax. Understand the criteria for exemptions based on your organization’s structure or the nature of certain employee payments.

Learn the critical rules for Coverdell ESA distributions to correctly apply funds toward education costs and avoid unintended tax consequences.

Discover the requirements and steps for revising an existing IRS installment agreement to include a new tax liability and consolidate your payments.

Understand the process for changing your business’s tax classification. This guide explains how to properly prepare and file IRS Form 2553 for an S corp election.

Learn how direct tuition payments to a school are excluded from gift tax and how this benefit functions independently of the annual gift exclusion.

Understand the financial mechanics of a PTO cash-out, from determining its gross value to the tax rules that impact your final payment.

An irrevocable non-grantor trust functions as a separate taxpayer by design. Understand the framework that requires a permanent transfer of asset control.

Understand the one-time DC vehicle excise tax, a fee based on a car’s value, weight, and fuel economy when it is first titled in the District.

Navigating a boat donation requires understanding specific IRS rules. The value of your tax deduction is determined by the charity’s use of the vessel.

When a pension plan’s assets exceed its liabilities, sponsors must weigh various strategic options against significant tax and regulatory hurdles.

Explore how a partner’s unique compensation, including guaranteed payments, dictates the calculation and tax treatment of their 401(k) contributions.

Discover the distinct tax rules for structured notes. This guide explains how income is reported annually and how gains are characterized upon sale or maturity.