Investment and Financial Markets

Washington exempts most groceries from sales tax. Learn the specific state rules that determine why some food items and beverages are taxed at checkout.

Gain insight into the tax framework for estates and trusts, exploring how fiduciary decisions under Section 642 shape tax outcomes for the entity and its beneficiaries.

Claiming the $7500 EV tax credit requires meeting specific criteria for yourself and your vehicle. Learn how the credit is structured and the steps to qualify.

Learn how Form 8398 helps employers reconcile payroll tax liability for third-party sick pay and ensure accurate reporting on Forms 941 and W-2.

U.S. tax law applies to all income, even from illegal sources. Understand the unique intersection of tax obligations and criminal enterprise.

While not in a tax bracket itself, a portion of your Social Security can become taxable income, influencing your overall tax liability based on other earnings.

Discover how Michigan’s flat income tax applies to your capital gains, starting with your federal AGI and incorporating unique state-level subtractions.

Understand the specific conditions for using Illinois Form W-6 to stop state tax withholding and the essential process for its yearly renewal.

Understand the framework for per diem allowances, explaining how daily travel expense rates are determined and the role lodging plays in the calculation.

A fiduciary’s guide to the NC D-403 tax return. Understand key state-specific income adjustments and follow a clear path for accurate, timely filing.

Selling valuable assets like art or coins involves unique tax considerations. Understand how these rules differ from typical capital gains to ensure proper reporting.

Inheriting a retirement account comes with complex withdrawal rules. Your beneficiary status dictates the timeline you must follow to access the funds.

Understand the IRS framework for waiving partnership late filing penalties. Learn the conditions for eligibility and the correct process to request relief.

Reconciling future ownership goals with a 1031 exchange requires navigating core IRS principles to maintain the tax-deferred status of your investment.

Navigate the administrative and financial duties of the Special Occupational Tax. A guide to federal compliance for regulated business operations.

This guide details the process for obtaining the energy community tax credit bonus, from confirming a project’s geographic eligibility to filing with the IRS.

Addressing an unfiled 2021 tax return involves a clear, structured process. Understand the steps to take to become compliant and resolve your financial standing.