Investment and Financial Markets

Leverage the Section 45W credit to reduce the acquisition cost of clean commercial vehicles. This guide explains the key tax implications for your business.

This guide provides an overview of Hawaii’s tax credit for low-income renters, a program offering financial relief by reducing state tax liability.

Learn the different rules for deducting California LLC fees on federal vs. state tax returns to ensure your business files accurately.

Learn how the Section 45Z Clean Fuel Production Credit connects tax incentives with verified lifecycle emissions and specific operational requirements.

Explore the tax treatment of a Coverdell ESA, from the non-deductible nature of contributions to the tax-free status of qualified distributions.

Under Section 280B, demolition costs are not a deductible loss but are instead capitalized into the tax basis of the underlying land.

Gain insight into the DOL’s auditor independence rules, which define the professional boundaries necessary for a compliant employee benefit plan audit.

Understand the specific IRS requirements for claiming boat-related expenses. Learn how usage and documentation determine your eligibility for tax deductions.

Understand the financial considerations of filing your 2023 taxes after the deadline. Your outcome is determined by whether you owe or are due a refund.

The amount you can contribute to an IRA is different from the amount you can deduct. Learn how income and workplace retirement plans impact your deduction.

Understand your IRS reporting obligations by learning how Form 5471 and 5472 differ based on the direction of international business ownership.

Learn how the U.S. progressive tax system functions. This guide clarifies how different portions of your income are taxed at varying rates to determine your tax.

The marital status on your W-2 and your tax return serve different purposes. Learn why they might not match and what it means for your filing.

Understand the financial responsibilities that come with being an owner-operator. This guide provides a clear overview of managing your tax obligations as a business.

This guide provides a detailed walkthrough for Form 965-A, helping individuals accurately calculate and report their net 965 tax liability.

Electing a fiscal tax year can better align your accounting with business operations. Learn the purpose of this tax strategy and its ongoing compliance requirements.

Explore the tax code mechanics that allow real estate investors to reduce taxable income, sometimes creating a paper loss even on a profitable property.