Investment and Financial Markets

Learn how a tax can align a product’s market price with its total societal impact, correcting for inefficient economic outcomes.

As tax laws revert to their pre-TCJA structure, see how the upcoming systemic changes will affect financial planning for individuals and businesses.

Explore the operational framework of a proposed wealth tax, from how net worth is defined and calculated to the practical administrative systems required for implementation.

Navigate the formal process for requesting help from the Taxpayer Advocate Service when facing a complex or unresolved issue with the IRS.

Learn the tax implications of paying a premium for a bond. Amortization is a process that adjusts your taxable interest income and the bond’s cost basis.

Learn the IRS guidelines for landowners reporting farm rental income from crop or livestock shares, a unique situation with distinct tax filing requirements.

Understand the 2023 expansion of the Illinois Earned Income Credit. Learn how qualifying for the federal EITC is the primary step to receiving this state benefit.

A Q-TIP trust provides financial security for a surviving spouse while allowing the grantor to control the final inheritance for other beneficiaries.

Learn about the relief under Rev. Proc. 2015-14, which allows certain estates to make a late portability election for a surviving spouse’s benefit.

Ensure your business complies with quarterly federal excise tax rules. This overview explains the reporting and payment process associated with Form 720.

Explore how international social security agreements help workers manage tax obligations and secure benefits when their careers span multiple countries.

Learn how the IRS definition of a permanent disability can alter eligibility for the Child Tax Credit, potentially removing the standard age limit.

Filing taxes as a graduate student involves unique financial considerations. Learn how to correctly determine your taxable income and navigate the filing process.

Discover the financial framework of a 721 exchange, a transaction allowing property owners to contribute assets to a partnership and defer capital gains.

Employers providing paid family and medical leave may be eligible for a general business tax credit. Learn the key mechanics of this federal incentive.

Learn how certain financial contracts are taxed under a blended long- and short-term rate and how these rules interact with loss deferral for straddles.