Investment and Financial Markets

As a rideshare driver, you’re a business owner. This guide clarifies the process of filing Schedule C to accurately report your net profit and meet tax obligations.

While you don’t claim the $7,500 EV credit on your taxes when leasing, learn how the benefit can be passed to you to reduce your monthly payments.

An irrevocable non-grantor trust functions as a separate taxpayer by design. Understand the framework that requires a permanent transfer of asset control.

Learn how North Carolina’s tax processing schedule aligns with the IRS and what factors influence the timeline for receiving your state tax refund.

Explore a structured IRS pathway for businesses to voluntarily reclassify independent contractors as employees and mitigate past employment tax exposure.

Many F1 students are eligible for a US tax refund due to their unique tax status. Learn how to navigate the filing process and claim money you may be owed.

Understand the one-time DC vehicle excise tax, a fee based on a car’s value, weight, and fuel economy when it is first titled in the District.

An HSA offers significant tax benefits, which invites IRS scrutiny. Understand how to properly manage your account to ensure compliance and avoid costly mistakes.

Earning income from Amazon programs means receiving a 1099-MISC. This guide clarifies what the form represents and your responsibilities for tax reporting.

Understand how investment-related expenses and dividend classifications work together to determine the actual after-tax income you receive.

This guide provides a procedural overview for completing Form 1116, helping you correctly apply the Foreign Tax Credit to general category income.

Understand IRS Notice 2008-113 and its role in providing temporary financial relief and clear guidance for retirement savings after the 2008 market downturn.

Navigating a boat donation requires understanding specific IRS rules. The value of your tax deduction is determined by the charity’s use of the vessel.

Understand new IRS e-filing requirements. The total count of all information returns you file, not just 1099s, now determines your electronic filing obligations.

When a pension plan’s assets exceed its liabilities, sponsors must weigh various strategic options against significant tax and regulatory hurdles.

Incorporating a partnership offers strategic tax planning opportunities. Understand how the chosen transaction structure affects asset basis and holding periods under Rev. Rul. 84-111.

Learn the fundamental tax rules that determine if life insurance proceeds are subject to federal estate tax based on policy ownership and transfers.