Investment and Financial Markets

Writing off prescriptions involves specific tax rules. Understand how your total healthcare spending can potentially lead to a valuable deduction.

Navigating a Social Security overpayment notice requires understanding the formal process. Learn to assess the SSA’s claim and determine your correct response.

Understand the tax implications when certain hedging transactions are treated as if a sale occurred, requiring immediate recognition of investment gains.

International work assignments introduce unique tax considerations. Explore the interaction between home and host country tax systems and common employer policies.

Explore the data behind U.S. charitable giving to understand how donation patterns and financial approaches differ across the income spectrum.

A company’s annual report release depends on its fiscal calendar and filing status. Learn how to navigate the reporting cycle to find key financial data.

Understand the annual election allowing businesses to immediately deduct low-cost property acquisitions, simplifying the choice between capitalizing and expensing.

The term “financial account” has a specific meaning under tax law. Understand how this broad definition impacts the reporting of assets you hold, both at home and abroad.

Learn the critical timing and frequency rules for moving IRA funds to ensure your rollover remains tax-free and avoid significant financial penalties.

Properly classifying rental property expenses is crucial for tax purposes. Learn the principles that determine if a cost is a current deduction or a long-term asset.

Whether your disability settlement is taxed depends on the underlying reason for the payment. Gain insight into the rules that govern tax treatment for these awards.

Learn how Form 8801 provides a tax credit to reconcile a prior year’s Alternative Minimum Tax with your current regular tax liability.

Understand the tax implications of selling an inherited home. Key rules regarding the property’s cost basis and residency can significantly reduce what you owe.

Understand how the U.S. foreign tax credit system uses income categories to align foreign taxes paid with specific sources of international earnings.

A corporation’s ability to pay taxable dividends is defined by its E&P, a specific tax calculation separate from its reported income or retained earnings.

Understand the tax implications of Georgia unemployment. Learn the options and procedures for managing your federal and state tax liability throughout the year.

Gain a clear understanding of how the tax code’s design allows for legal tax reduction and why this practice is fundamentally different from tax evasion.

Explore how allocating a business’s purchase price across its assets establishes the tax basis and gain or loss for the buyer and seller, respectively.