Are Raffle Tickets Tax Deductible? What You Need to Know
Understand the tax implications of raffle tickets, including deductibility rules, documentation requirements, and how winnings may affect your tax return.
Investment and Financial Markets
Who Is Winston Shrout and Why Is He Controversial in Finance?
Explore Winston Shrout’s financial theories, legal challenges, and their impact on the financial community and public perception.
How Does Code Sec. 357(c) Apply to Liabilities Exceeding Basis?
Learn how Code Sec. 357(c) applies when transferred liabilities exceed basis, impacting gain recognition and corporate stock basis adjustments.
How to Complete and Submit the 8809 Form for Filing Extensions
Learn how to accurately complete and submit Form 8809 to request a filing extension, avoid penalties, and ensure compliance with IRS requirements.
Penn Wharton Budget Model: How It Analyzes Economic Impacts
Discover how the Penn Wharton Budget Model evaluates policy impacts using data-driven analysis, revenue forecasting, and dynamic economic modeling.
1040 News: Key Updates on Tax Changes and Filing Requirements
Stay informed on the latest 1040 tax form updates, including filing adjustments, deductions, and reporting changes that may impact your tax return.
NJ State Taxation: A Comprehensive Overview of Taxes in New Jersey
Understand New Jersey’s tax structure, including income, sales, corporate, and property taxes, plus key regulations and potential financial implications.
IRC 6721: Penalties for Failing to File Correct Information Returns
Understand IRC 6721 penalties for incorrect or late information returns, how they are calculated, and the enforcement actions for non-compliance.
What Is IRC 30D and How Does the Clean Vehicle Credit Work?
Learn how IRC 30D defines the Clean Vehicle Credit, who qualifies, and what factors impact eligibility, from income limits to vehicle requirements.
What You Need to Know About IRS Publication 1660 and Appeal Rights
Understand IRS Publication 1660 and how appeal rights work, including eligibility, filing steps, and key considerations for resolving tax disputes effectively.
What Is IRC 2703 and How Does It Impact Valuation Rules?
Understand how IRC 2703 affects valuation rules, estate planning, and business agreements by limiting certain restrictions on property transfers.
What Is IRC 4975 and How Does It Apply to Prohibited Transactions?
Understand IRC 4975 and how it defines prohibited transactions, disqualified persons, exemptions, and potential tax consequences for retirement accounts.
EcoVest Settlement: Key Details and Compliance Requirements
Understand the compliance requirements and reporting obligations of the EcoVest settlement, including key steps for participation and document preparation.
Publication 538: Accounting Periods and Methods Explained
Learn how accounting periods and methods impact financial reporting, tax obligations, and business decision-making in this guide to IRS Publication 538.
How to Use Bollinger Bands and RSI to Build a Trading Strategy
Learn how to integrate Bollinger Bands and RSI to identify market trends, measure volatility, and refine trade entry and exit strategies.
What Is Section 25C and How Does It Apply to Energy Tax Credits?
Learn how Section 25C provides tax credits for energy-efficient home upgrades, eligibility requirements, and the steps to claim your benefits.
What Are Advanced Economics? Key Criteria and Core Characteristics
Explore the key criteria and characteristics that define advanced economies, from market dynamics to policy frameworks shaping sustainable growth.
Refund Statute Expiration Date: What You Need to Know
Understand how refund statute expiration dates impact your ability to claim tax refunds, including key deadlines, exceptions, and their interaction with amendments.
What Is a 501c7 Organization and How Does It Maintain Tax-Exempt Status?
Learn how 501(c)(7) social clubs qualify for tax-exempt status, manage revenue, and meet IRS requirements while serving their members’ common interests.
What Is the Inflation Adjustment Factor and How Does It Work?
Learn how the inflation adjustment factor helps update tax brackets, deductions, and contribution limits to maintain purchasing power over time.