Investment and Financial Markets

Not all non-profits are the same for tax purposes. Learn how a 501(c)(7) social club’s mission impacts whether your financial support is tax-deductible.

The federal mandate for R&E amortization created a significant divergence in state tax policy, leading to new compliance challenges and planning considerations.

Understand how your total earnings are adjusted by pre-tax deductions to determine the taxable income reported on your end-of-year tax forms.

The choice of accounting method isn’t always yours for tax purposes. Learn the specific business conditions that mandate a switch from cash to accrual accounting.

Understand the framework of IRS Code 115, detailing how income from essential government functions accrues to public entities without federal tax liability.

Understand the principles that govern how restructuring costs are recognized for financial reporting and when they can be deducted for tax purposes.

Understand the IRS guidelines for tax-free tuition reimbursement, including its impact on your taxable income and eligibility for other education benefits.

Owning property in multiple states affects how you claim a homestead exemption. Learn the criteria that define your one legal residence for property tax purposes.

Understand the distinct requirements and procedural steps for organizations using Form 1024 to apply for tax-exempt status with the IRS.

Understand the federal program that provides the legal and financial foundation for health centers serving medically underserved communities.

Clarify the meaning of W-2 Box 12 Code G. Learn how this retirement contribution amount impacts your taxable income and eligibility for certain tax credits.

Understand the tax implications of selling investments. Your choice of cost basis accounting directly influences your reported capital gains and tax liability.

Ensure consistent tax reporting for your business asset sale. This guide clarifies how to properly allocate the purchase price on Form 8594 with examples.

Understand the regulations for using IRA funds on a short-term basis. This guide explains the critical rules for redepositing money to protect its tax status.

Understand the mandatory Medicare deduction on your pay stub. Learn how your contributions, matched by your employer, help fund hospital care for older Americans.

Understand the specific IRS requirements for deducting a personal property loss. Our guide clarifies the necessary steps from proof of loss to filing your claim.