Investment and Financial Markets

A tax refund results from overpaying the IRS. Understand the relationship between your tax payments, your total liability, and how a refund is determined.

Confused by a 1099-MISC with income in Box 7? Learn why this outdated form is sometimes used and the steps to correctly report your self-employment income.

Learn how a Section 331 liquidation treats the final distribution of corporate assets as a sale, creating separate tax outcomes for the entity and its owners.

An ‘accepted’ tax return is a preliminary procedural check, not a confirmation of accuracy or immunity from a future review by the IRS.

Understand the purpose and process for Form 1125-E to ensure accurate reporting of officer compensation on your corporation’s tax return.

Filing Form 8843 is a key step for exempt individuals to exclude days from the substantial presence test and maintain their non-resident tax status.

Learn the specific reporting obligations under IRS Notice 2017-47 for taxpayers and advisors involved in designated micro-captive insurance arrangements.

Learn how the Texas franchise tax threshold determines your liability. Even if no tax is due, an annual report is required to remain in good standing.

Understand the federal tax implications when a business’s legal structure is distinct from its tax identity, affecting both income and employment tax reporting.

Michigan’s tax treatment of Social Security is evolving. Understand the current rules for retirement income following recent legislative changes and how they affect you.

Suing the IRS for a held refund is possible but is governed by strict procedures and timelines that must be met before you can file a case in court.

Donating property involves specific IRS compliance steps. Understand the tax rules for real estate gifts to properly structure your donation and deduction.

A guide for foreign investors to the mechanics of US dividend withholding, from applying correct treaty rates to recovering any overpaid tax.

A divorce creates lasting tax implications. Learn how your settlement decisions affect your financial future and how to plan for long-term stability.

Explore the mechanics of the Social Security tax base and how certain financial arrangements and employment statuses can legally lower your contribution.

If your Form 1095-C doesn’t list dependents, it may not be an error. Your health plan type dictates which tax forms you receive and your next steps.

Understand the role of Form 8885 in claiming the Health Coverage Tax Credit and how it helps make health plan premiums more manageable for certain taxpayers.