How the 28% Collectible Tax Rate Works
Profit from selling art, coins, or antiques is not a standard capital gain. Learn the specific IRS tax treatment for collectibles to properly report your earnings.
Profit from selling art, coins, or antiques is not a standard capital gain. Learn the specific IRS tax treatment for collectibles to properly report your earnings.
A tax return is the official accounting of your yearly finances, used to reconcile taxes already paid against your total tax liability for the year.
Your Health Insurance Marketplace statement, Form 1095-A, is key to filing your taxes. Learn how this form helps verify your premium tax credit.
Understand how the organization of a balance sheet reveals a company’s ability to meet short-term obligations and support deeper financial analysis.
Understand the Florida Hometown Hero initiative, a forgivable second mortgage designed to make homeownership more accessible for eligible frontline professionals.
Understand the tax framework that allows working taxpayers to offset care costs and see how the rules apply to your financial situation.
Navigate the requirements for Opportunity Zone investing. Learn the rules for deferring capital gains and the compliance steps for long-term tax advantages.
Understand the framework of the Section 965 transition tax on deferred foreign income and its implications for U.S. shareholders under the TCJA.
Learn how businesses account for an asset’s cost over time, distinguishing between the wear of tangible items and the extraction of natural resources.
Gain clarity on the USVI property tax system. This guide provides a straightforward overview of the official process for property owners.
Navigate the specific tax rules for HOAs with Form 1120-H. This simplified election separates member dues from taxable income for a clear reporting process.
Move beyond seasonal tax filing. A proactive, year-round approach to your finances can help you strategically manage and reduce your overall tax liability.
Installing solar panels involves important tax considerations. Learn the steps to properly report your investment and reduce your overall tax liability.
Understand how to use the EV tax credit as an upfront reduction on a vehicle’s price and the tax responsibilities that follow the point-of-sale transfer.
While Idaho taxes 401(k) distributions as income, your specific tax obligation is shaped by key personal circumstances and state-specific financial rules.
A foreclosure is a taxable event with distinct financial components. Learn how the IRS views this process to properly assess your potential tax liability.
Understand the critical tax principles governing securitizations, where the initial characterization of the asset transfer shapes all subsequent tax outcomes.
This guide provides a clear process for making Michigan estimated tax payments online, ensuring you have the correct information and documentation for tax time.
The rules for the Child Tax Credit have been updated for 2024. See how a change in calculating the refundable portion may affect your family’s tax return.
Understand the principles for valuing and reporting an insurer’s investments in joint ventures, partnerships, and LLCs under statutory accounting.