New Hampshire Interest and Dividends Tax Requirements
Gain a clear understanding of New Hampshire’s Interest and Dividends Tax, from filing requirements and calculations to the tax’s scheduled phase-out.
Investment and Financial Markets
What Is a T5 Tax Form and How Do You Report It?
Understand the role of the T5 slip in documenting your investment income and learn the process for accurately reflecting it on your tax return.
How to Perform a Cost of Debt Calculation
Understand the effective borrowing rate a company pays. This guide covers calculating the after-tax cost of debt for valuation and financial analysis.
Traditional IRA vs. Roth IRA vs. 401(k): Which Is Best?
Choosing a retirement account is a strategic decision. Understand how differences in tax treatment, eligibility, and access to funds can shape your financial future.
What Is IRS Form 557 and Who Should File It?
Clarify the role of Form 557 in the 501(c)(3) application process. This guide explains its specific function for organizations operating under a group exemption.
What to Do If You Receive an IRS Letter 1352
An IRS Letter 1352 indicates a compliance issue with foreign corporation reporting. Learn the context of this notice and the steps for a proper resolution.
What to Know About Required Minimum Distributions (RMDs)
Effectively manage the mandatory withdrawal phase of your retirement plan. This guide explains the process for meeting tax obligations on your savings.
What Is Gross Wage and How Is It Calculated?
Gain insight into your total compensation before any deductions. This fundamental figure is the starting point for your take-home pay and financial assessments.
Can I Be a W2 Employee of My Own Company?
Your business’s legal structure is the key factor in determining if you can be a W-2 employee. Learn the rules that govern an owner’s compensation.
US Citizen Living in Spain: Your Tax Obligations
US citizens living in Spain must address both US and Spanish tax laws. Learn how these two systems interact to ensure proper filing and mitigate double taxation.
Regulations for a Qualified Longevity Annuity Contract
Explore the regulatory framework that governs a QLAC, from its unique structure and funding rules to its favorable tax treatment for retirement income.
How Long Does It Usually Take to Get Your Taxes Back?
Your tax refund’s arrival depends on filing choices, return accuracy, and claimed credits. Learn how these factors impact your timeline and how to track it.
Who Can Deduct Unreimbursed Employee Expenses?
Recent tax law suspended the deduction for most employee work expenses. Understand the current rules and the specific groups who can still claim this adjustment.
What Is the Last Day to Receive Your W-2?
Understand the W-2 delivery timeline and the official processes to follow if your form is delayed, ensuring you can still file your taxes accurately.
What Is Considered a Concentrated Stock Position?
Learn the financial principles behind a large single-stock holding and how to assess its role within your overall investment strategy and portfolio health.
IRC 1235: Capital Gain on Sale of Patents
Understand how the tax treatment for a patent sale is determined by the seller’s eligibility, the specific rights transferred, and the buyer’s identity.
Can You Claim Your Child on Taxes if They Are in Foster Care?
Understand how IRS rules regarding residency and financial support affect a parent’s ability to claim a child in foster care as a dependent.
Which AZ Tax Form 140 Should You Use?
Understand your Arizona tax filing requirements and confidently select the correct version of Form 140 based on your residency and financial circumstances.
The Difference Between Preventative and Detective Controls
Explore how a robust internal control framework balances proactive measures that prevent issues with reactive processes that identify them.
What Are 72(t) Payments and How Do They Work?
Learn how IRS section 72(t) allows for penalty-free distributions from retirement accounts before age 59½ through a carefully structured payment plan.