Investment and Financial Markets

Eligible partnerships can make an annual election to opt out of the BBA regime, which shifts audit procedures and tax liability from the entity to its partners.

Explore the 2014 Tax Relief Act, a retroactive law that extended expired tax provisions for one year and created lasting ABLE savings accounts.

Discover the specific Colorado tax adjustment for the federal QBI deduction, a key factor in calculating state taxable income for pass-through business owners.

Explore the legal framework of California Revenue Code 370, which dictates the mandatory notification process for tax-defaulted property sales.

Received an IRS 5000-A notice? Learn what this past health coverage requirement entails and find the correct procedure for responding to the IRS.

An employer’s failure to send a W-2 doesn’t prevent you from filing. Learn the correct procedure to meet your tax deadline and amend your return if needed.

Owning rental property in California comes with specific tax obligations. Explore the complete financial lifecycle, from reporting annual income to the final sale.

IRS guidance provides a specific tax framework for plasma donors, treating compensation as business income and allowing for the recovery of related costs.

Rev. Proc. 2022-32 offers a simplified IRS method for correcting certain late S Corp and related elections, securing your business’s intended tax status.

Florida’s new tax laws provide financial relief for residents and businesses. Understand how these changes can lower costs and impact your household or company budget.

Explore the SEC’s framework for private securities. This rule establishes the official criteria for investor sophistication, enabling capital formation outside public markets.

Understand the mechanics of the Massachusetts 4% surtax on income over $1 million, including how one-time gains can affect your annual tax liability.

Explore the function of the Colorado K-1 (DR 0106K), which conveys state-specific income modifications and credits from a business to an owner’s return.

Understand the distinct tax methodology for life insurance companies, including the calculation and application of deductions to arrive at taxable income.

IRS Publication 4557 outlines data security duties for tax preparers. This guide explains how to translate these rules into a formal, actionable program.

Determining an estate’s value for tax purposes is a foundational step that influences the financial obligations for both the estate and its beneficiaries.

This rule simplifies reporting by removing redundant data and enhances it by requiring more insightful, principles-based analysis from management.

Control your take-home pay and tax liability by making the right W-4 selections for your financial situation. Learn how to ensure accurate withholding.

Explore how an asset’s structure can justify a lower valuation for estate and gift tax, reducing tax liability through a carefully documented process.