Investment and Financial Markets

Understand Form 8852, the IRS informational return used by trustees to report annual activity and value for Archer and Medicare Advantage MSA accounts.

Get the facts on federal relief payments. This article clarifies the actual amounts distributed and explains the official tax process for claiming any funds you are owed.

Gain insight into the tax principles governing corporate stock redemption costs. Understand the distinction between capital transaction fees and deductible expenses.

For the ERC, businesses with common ownership are often viewed as a single employer. Understand how this principle affects qualification and credit calculations.

See how your income is taxed in layers. This guide explains how 2024 marginal tax rates for single filers are applied to calculate your total federal tax.

Navigate the Hawaii Form N-11 tax return with clarity. Our guide explains the complete process for state residents and part-year residents.

Filing taxes jointly creates a shared refund. Learn the default IRS process for payment and the specific steps you can take to direct or protect your funds.

Clarifying the layers of 401k contribution limits for California residents, including how they affect your state tax deductions.

A pivotal Supreme Court decision clarified that the amount realized from a sale includes the full nonrecourse debt, ensuring symmetrical tax treatment with basis.

Understand the requirements for reporting financial holdings as a U.S. taxpayer. Our guide clarifies your obligations and the filing process to ensure tax compliance.

Understand how your Form W-2 serves as the official link between the income you report and the data the IRS uses to verify a compliant tax return.

Profit from selling art, coins, or antiques is not a standard capital gain. Learn the specific IRS tax treatment for collectibles to properly report your earnings.

A tax return is the official accounting of your yearly finances, used to reconcile taxes already paid against your total tax liability for the year.

Your Health Insurance Marketplace statement, Form 1095-A, is key to filing your taxes. Learn how this form helps verify your premium tax credit.

Understand the tax framework that allows working taxpayers to offset care costs and see how the rules apply to your financial situation.

Navigate the requirements for Opportunity Zone investing. Learn the rules for deferring capital gains and the compliance steps for long-term tax advantages.