Investment and Financial Markets

Explore the automatic injunction under Section 362, a core bankruptcy principle that balances debtor protection with the orderly administration of assets.

Clarifies the “Other Expenses” section of Schedule C, helping you properly categorize business deductions that lack a specific line on your tax form.

Understand how your residency status in South Korea dictates the scope of your taxable income and the calculation of your final tax liability.

Understand the federal tax implications when gifting to a grandchild. Learn the rules and strategies for giving generously without creating a tax liability.

The tax treatment for an option trade is defined by its outcome. Learn how different scenarios impact your capital gains, holding periods, and stock cost basis.

A guide to the 2017 Schedule SE, explaining how net earnings translate into self-employment tax and the corresponding deduction on your Form 1040.

Get a comprehensive overview of how Vermont’s tax code impacts personal wealth, looking beyond a single tax to the state’s broader fiscal approach.

An IRS Form 4549 signifies a critical juncture in a tax audit. Understand the financial implications and the formal pathways for resolving the proposed changes.

Examine the transformation of the U.S. gas tax from a state-level user fee to a pivotal, yet now stagnant, tool for national infrastructure policy.

Navigate the process for claiming refunds on certain payroll taxes or requesting penalty relief with a properly prepared Form 843 submission to the IRS.

Navigating the tax treatment of 401k income in Michigan is complex. Learn how retiree age and recent state law changes determine your deduction eligibility.

Understand the structured options the IRS offers for tax debt. Learn how to evaluate your financial standing and prepare for the formal application process.

This guide to the revised Section 831(b) rules explains the legislative shift from a simple premium threshold to a more complex analysis of a captive’s structure.

Discover how the line between personal child support debt and your business’s finances is drawn, and what factors can cause it to blur.

Paid Tax Collected at Source (TCS)? This guide explains how to properly account for it as a tax credit when filing to ensure you receive any eligible refund.

Your role in a partnership determines how its profits and losses are taxed. Understand the IRS criteria that define your participation and its financial impact.

Understand the tax framework governing a subsidiary’s asset distribution to a parent in a complete liquidation, ensuring tax-efficient consolidation.