Investment and Financial Markets

The 26% solar tax credit has changed. Discover how the Inflation Reduction Act increased the federal incentive for homeowners installing clean energy systems.

Understand how your single-member LLC’s tax classification dictates its filing requirements, including whether it issues or receives a Schedule K-1.

Clarifies the federal tax credit for nonconventional fuels, its current Section 45K designation, and the financial factors that impact its final value.

Learn how Treas. Reg. § 1.1502-80 modifies IRC provisions for affiliated corporations to align tax outcomes with the single-entity theory of consolidation.

Not all income is the same. Discover how the source of your money, from active work to financial assets, shapes its classification and tax implications.

Understand the nuanced tax rules for videography. This guide clarifies how state laws and project delivery determine your sales tax obligations.

For homebuilders, this guide covers the Section 45L credit, from meeting technical energy standards to navigating the tax compliance process.

Explore the financial considerations of a Virginia Transfer on Death Deed, including its immediate costs and the long-term tax impact for the beneficiary.

Understand business code 531390, the essential catch-all classification for real estate services beyond standard brokerage or property management.

Lower your federal tax bill with the Energy Efficient Home Improvement Credit for windows. Understand the eligibility rules and the process for filing.

Navigate the tax rules for the clergy housing allowance under IRC Section 107 to ensure proper administration and maintain tax compliance.

IRC Section 856 sets the continuous compliance standards an entity must meet to qualify and operate as a Real Estate Investment Trust.

Closing an LLC involves separate legal and tax procedures. Understanding the correct sequence is essential for a clean shutdown and avoiding future liability.

Understand the employer’s role in reporting employee tips. This guide covers the IRS compliance process for reconciling and allocating tip income via Form 8027.

Explore the legal authority a bankruptcy trustee uses to recover assets from a self-settled trust, preserving them for the bankruptcy estate.

Filing your 2022 taxes late involves a different process. Learn how the outcome changes based on whether you owe the IRS or are waiting on a potential refund.

Learn how aggregate filers use Schedule R to correctly allocate client wages and taxes and reconcile the totals for an accurate Form 941 submission.

Understand IRS Letter 729, a notice confirming your tax refund was applied to a past-due tax balance from a different tax year.

Winding down a company creates separate tax liabilities for the business and its owners. Understand the financial implications for each party.