How Do Trust Distribution Rules Work?
Learn the essential framework governing trust distributions, from the core legal directives to the fiduciary duties that guide every payment.
Investment and Financial Markets
The Section 1288(b) Election for Short-Term Obligations
Discover the optional tax treatment for short-term debt income and the lasting implications of choosing this alternative reporting method.
How to Use an LLC to Reduce Your Taxes?
An LLC offers unique tax options. Understand how to change your tax classification to separate salary from profit, potentially reducing self-employment taxes.
How to Get Your Tax Refund After Deployment
For service members returning from deployment, your tax situation has unique rules. Learn how to navigate these provisions to file accurately and claim your refund.
Tax Form Schedule E: Supplemental Income and Loss
This guide clarifies the process for filing Schedule E, helping you accurately report diverse income sources and apply complex deduction and loss rules.
What Is the Last Day to Do Taxes in Texas?
Understand the federal tax deadline for Texans, including key dates, the rules for filing an extension, and important disaster-related adjustments.
Can You Claim an Inmate as a Dependent on Your Taxes?
Claiming an inmate as a dependent requires passing strict IRS support tests. Learn how the value of institutional care affects your eligibility to claim them.
What Is the Hawaii N11 Tax Form and How Do I File?
A guide for Hawaii residents on the Form N-11. Learn the key requirements and procedures to accurately complete and submit your state income tax return.
The Meaning, Purpose, and Scope of Internal Audit
Understand how internal audit provides independent assurance to improve an organization’s effectiveness by evaluating its risk, control, and governance processes.
Colorado Consumer Use Tax: When and How to Pay
A straightforward guide to Colorado’s consumer use tax, helping residents properly account for tax on purchases made without paying state sales tax.
What Is the Title Ad Valorem Tax on a Vehicle?
Understand the Title Ad Valorem Tax, a one-time fee based on your vehicle’s value, and the essential steps required to complete the titling process correctly.
How to File Taxes with Form 1095-A from the Marketplace
Filing taxes with a Form 1095-A requires reconciling your health insurance credit. See how this process determines your final tax refund or amount owed.
SB 1302: California Pay Data Reporting Requirements
Understand your obligations under California’s SB 1302. This guide provides a practical overview of the detailed data and submission process for employers.
Trust Distributions: How They Are Made and Taxed
Gain insight into the financial mechanics of trust distributions, from the trustee’s duties to the beneficiary’s tax reporting obligations.
Charitable Gifting Strategies for Tax Benefits
Understand the financial strategies behind impactful philanthropy. Learn how thoughtful planning can enhance your charitable contributions and tax outcomes.
Are Meal Reimbursements From an Employer Taxable?
The taxability of employer meal reimbursements depends on the business purpose and documentation. Find out how IRS rules classify these payments.
Why Are Taxes Due on April 18th Instead of the 15th?
The annual tax deadline is determined by more than just April 15th. Learn how federal law, weekends, and holidays interact to establish the official filing date.
Tax Consequences of Merging Two LLCs
An LLC merger’s tax impact is defined not by its legal structure, but by each entity’s underlying tax classification. Learn how the IRS views these transactions.
Where to Report Subpart F Income on Form 1040?
As a U.S. shareholder, you must report income from a foreign corporation, even if not received. Learn the correct process for your Form 1040 tax return.
Form 5330 Instructions: When and How to File
Navigate the requirements for Form 5330 with clear instructions on resolving certain retirement plan tax liabilities, from calculation to final filing.