What Are the Rules for 2024 Estimated Tax Payments?
Understand the framework for managing your 2024 tax obligations on income not subject to withholding under the U.S. pay-as-you-go system.
Investment and Financial Markets
How Do I Find a Copy of My Tax Return?
Learn the most effective ways to get your prior-year tax information. This guide helps you determine the correct document you need for loans or personal records.
Will a Property Appraisal Affect My Taxes?
A home appraisal’s effect on your taxes is often indirect. Learn the critical difference between a private valuation and a municipal tax assessment.
Do Nonprofits Pay Capital Gains Tax on Real Estate?
A nonprofit’s tax liability on real estate sales goes beyond its exempt status. Learn how a property’s purpose and financing determine if capital gains are taxable.
How to Calculate Depreciation Using the Straight-Line Method
Learn the accounting process for allocating a tangible asset’s cost over its useful life, providing a clear and consistent way to track its value.
What Is Rothification and How Does It Affect Your 401(k)?
Recent rules are shifting some 401(k) contributions to a post-tax basis. Understand how this change impacts your take-home pay now and tax-free income later.
Nevada Residency Requirements for Tax Purposes
Establishing residency for tax purposes is a deliberate process. Learn the key considerations for demonstrating intent and building a defensible case for your move.
How to Account for a Service Concession Arrangement
Explore the accounting principles for service concession arrangements, detailing how contractual rights impact balance sheet and revenue recognition for each party.
Common Professional Employer Organization Tax Issues
Partnering with a PEO shifts employer tax responsibilities. Learn how the co-employment model impacts liability and compliance to mitigate financial risk.
What Is a QTP? Rules for Qualified Tuition Programs
Understand the operational framework of a Qualified Tuition Program and the regulations governing its tax advantages for saving for education.
How the US Germany Estate Tax Treaty Works
Explore the mechanics of the U.S.-Germany estate tax agreement and how it coordinates taxing jurisdictions to prevent double taxation on international estates.
How to File Form 129-86 for the STAR Exemption
Learn how to switch your STAR credit check to a direct reduction on your school tax bill by applying for the NYS STAR exemption.
How to File Form REV-181 for a PA Tax Clearance
This guide provides a procedural overview for obtaining a PA Tax Clearance Certificate, ensuring state tax compliance for business sales or transfers.
Section 645 Election: Combining a Trust and an Estate
Learn how a Section 645 election allows a trust to adopt an estate’s tax treatment, providing administrative simplicity and strategic flexibility.
What Is an IRS 1445 Letter for FIRPTA Withholding?
For foreign sellers of U.S. property, an IRS withholding certificate aligns the FIRPTA payment with actual tax liability, avoiding overpayment.
Financial Guarantees: Accounting and Disclosure Rules
Explore how financial guarantees are translated into liabilities on the balance sheet and the specific reporting rules required for transparency and compliance.
Calculating Self-Employment Tax When Married Filing Jointly
Understand how to calculate and report self-employment tax for each spouse on a joint return, ensuring accurate payments and proper social security credits.
How to Handle a Like-Kind Exchange for Rental Property
Navigate the requirements for a like-kind exchange to defer capital gains tax on a rental property, ensuring compliance and proper tax reporting.
Can I Claim My Mother as a Dependent?
Learn the specific IRS financial requirements for claiming a parent, including how support and income are carefully calculated for tax purposes.
What Are Tax-Exempt Securities? Types and Tax Rules
Understand the tax implications of government securities. This guide clarifies the crucial distinction between tax-free interest and taxable capital gains.