Investment and Financial Markets

Understand your tax obligations in Saudi Arabia. This guide clarifies the income tax system for non-resident individuals and foreign businesses.

Explore the tax principles that restrict using credits from passive investments and understand their direct effect on your final tax return.

Financially supporting an aging parent may qualify you for tax savings. Understand the specific IRS rules for dependent status and related tax benefits.

Explore how Form 2209 is used to calculate the corporate estimated tax penalty. Learn the standard calculation and alternative methods for managing underpayments.

Certain investments require unique tax handling. Learn how gains and losses are assessed annually and allocated between long-term and short-term categories.

Understand how S corporation tax law recharacterizes many employee fringe benefits as taxable income for owners holding more than a 2% share.

Understand how the figures on your Form 1098-T relate to actual qualified expenses to correctly determine your eligibility for education tax credits.

While airline tickets are exempt from state sales tax, your final fare is shaped by a complex system of mandatory federal taxes and government-imposed fees.

Learn the legal basis for the 508 trust. This guide clarifies the true scope of tax exemption and the operational requirements under federal tax law.

Learn the correct procedure for reporting your business’s tangible assets to local authorities for an accurate annual property tax assessment.

Offset higher education costs by claiming a tax credit. This guide walks you through the requirements and filing process to help reduce your overall tax liability.

For businesses in Quebec, navigating the dual GST and QST system is essential. Gain clarity on the core requirements for proper tax management.

A transfer of a partnership interest creates distinct tax outcomes for the seller, buyer, and the partnership itself, affecting both partner and asset basis.

Explore the 1982 TEFRA law, which introduced foundational changes to tax administration, retirement plan equity, and healthcare payer responsibilities.

Learn how non-U.S. citizens can establish nonresident tax status by documenting a primary connection to a foreign country, despite time spent in the United States.

Explore the tax implications of making gifts to trusts. Understand how the GST exemption is automatically applied and the strategic options for its allocation.

Selling your home? The tax exclusion on your profit is based on your history of ownership and use. Learn how these time requirements work and can be adjusted.