Investment and Financial Markets

Accessing retirement funds for a home purchase requires careful planning. Understand the specific IRS provisions and reporting rules to use your savings without penalties.

Montana’s tax system is often misunderstood. While it offers unique advantages, residents face a nuanced set of state and local financial obligations.

A federal tax credit can lower the initial costs of setting up a Solo 401k, making this powerful retirement planning tool more financially accessible.

Understand the process for calculating and submitting the annual interest payment on deferred estate tax under a Section 6166 installment plan.

An overview of the connections that obligate a business to collect Connecticut sales tax, including guidance on the registration and filing process.

While a standard IRA isn’t eligible for an employer match, certain business retirement plans use IRAs to facilitate employer contributions.

Learn about the specialized federal court that allows taxpayers to resolve disputes with the IRS without first having to pay the amount in question.

Learn how the timing of business purchases affects your tax liability. Explore the fundamental rules for claiming year-end deductions and ensuring compliance.

Understand how private foundations satisfy IRC Section 508(e) by embedding key operational limits into their charter to secure and maintain tax-exempt status.

When you work in a different state, both states can tax your income. Understand the principles that resolve this conflict and prevent double taxation.

Tax-exempt status doesn’t cover all income. Understand the financial and legal distinctions that can trigger tax liability for your organization.

The New Jersey Inheritance Tax is based on your beneficiary’s relationship to you. Discover how proactive estate planning can reduce or eliminate this tax for your heirs.

Learn the crucial differences between tax strategies that defer gains on a sold asset versus those that offer tax-free growth on a new investment.

A distribution from a Qualified Tuition Program (QTP) has key tax implications. Learn the guidelines for using funds to maintain their tax-free status.

Understand the tax timing rules that defer the deduction of certain investment losses and the specific conditions that allow you to claim them later.

This specific worker status falls between an employee and a contractor, creating distinct tax filing requirements and opportunities for business deductions.

This guide clarifies how the U.S.-Italy tax treaty allocates taxing rights to prevent double taxation for individuals with financial ties to both countries.