Investment and Financial Markets

Correcting a W-2 involves more than just a new form. Understand the process for rectifying wage and tax data and its impact on related tax filings.

For farmers selling excess livestock due to weather, this IRS provision provides a way to manage the tax consequences by deferring the resulting gain.

Navigate the tax implications of a Connecticut 1099-G. Understand how federal and state rules differ for unemployment and state tax refund income.

Learn how a key Supreme Court decision redefined sales tax for remote sellers, shifting the basis for collection from physical location to economic activity.

Learn how the strategic acquisition of a new asset can postpone tax liability from a disposed property. This guide explains the mechanics of tax deferral.

Tax professionals are governed by a binding code of conduct, not just suggestions. Understand the specific regulations that define their duties and protect clients.

Understand how an employee benefit trust works as a formal structure to segregate and protect assets designated to meet a company’s benefit obligations.

Learn to correctly report income from a Publicly Traded Partnership using Schedule Q, ensuring proper handling of Section 751 gain versus capital gain.

California’s FTB 88-1 interprets federal law to define the precise line between protected sales activity and what creates an income tax obligation.

Learn about the proposed IRS rule for financial data reporting and HR 1094, the specific legislation created to prohibit the measure.

Navigate the tax rules for higher education to lower your tax bill. Learn how to properly document expenses and claim the valuable savings you are entitled to.

Making a return involves specific rules about your refund. Understand how sales tax is treated and why your final refund might differ from the item’s price.

Understand how the services you provide guests determine if your rental income is a passive investment or a business subject to self-employment tax.

Understand Minnesota’s elective PTE tax, a state-level strategy for qualifying business owners to navigate the federal SALT deduction limitation.

Learn how New York City’s personal income tax is calculated for residents, from determining your taxable income base to applying the correct tax bracket.

Clarifies the requirements of the Cook County Amusement Tax for businesses, outlining the complete process for managing compliance and remitting payments.

Explore the nuances of tax identification for Intentionally Defective Grantor Trusts. This guide clarifies when a grantor’s SSN is sufficient and when an EIN becomes necessary.

Learn how non-residents can elect to file a Canadian tax return on net rental income, potentially recovering tax withheld on the gross amount.

Explore Public Law 103-272, the foundational act that collected and clarified disparate U.S. transportation statutes into a single, accessible legal framework.