Investment and Financial Markets

Learn how a 1034 exchange allows homeowners to defer capital gains taxes when replacing a primary residence and the key rules that determine eligibility.

Understand Mexico’s VAT system, including compliance requirements, invoicing rules, and filing deadlines to help your business meet tax obligations efficiently.

Learn how an LLC can qualify for tax-exempt status, the IRS requirements involved, and key compliance considerations to maintain eligibility.

Learn how IRS Section 1035 allows tax-free exchanges of certain insurance policies and annuities, helping you optimize coverage without immediate tax consequences.

Learn how Section 61 defines gross income, including various income sources, taxable benefits, and key exclusions that impact tax obligations.

Understand IRC 262 and how it defines personal expenses, distinguishing them from business costs for tax purposes, with examples and recordkeeping tips.

Understand what qualifies as a deductible business expense under Code Section 162(a) and how proper documentation supports compliance and tax efficiency.

Learn why the IRS may call from 800-829-0922, what to expect, and how to verify the call’s legitimacy to manage your tax matters confidently.

Discover how U.S. senators are taxed on their salaries, benefits, and additional income, including federal and state obligations and available deductions.

Learn how political organizations manage tax obligations, report contributions, and handle administrative costs while maintaining compliance with regulations.

Understand how IRC 528 applies to homeowners associations, including tax treatment, filing requirements, and factors that may impact tax-exempt status.

Learn how IRC 2053 governs estate tax deductions for funeral costs, debts, and expenses, including key considerations for compliance and documentation.

Understand the tax implications of installment sales, including gain allocation, interest rules, and reporting requirements for a compliant tax strategy.

Learn how to file a second 941-X to correct multiple quarters, adjust reported amounts, and ensure compliance with IRS requirements for accurate payroll tax reporting.

Learn what medical travel expenses qualify for IRS mileage deductions, how to calculate them accurately, and the best practices for recordkeeping.

Understand how IRC 671 impacts trust taxation, including key provisions, tax implications, and reporting requirements for different types of trusts.

Learn how to determine qualified disaster losses, calculate deductions, and document claims properly to ensure compliance with IRS guidelines.

Learn how Section 1035 allows tax-deferred exchanges of certain insurance policies and the key requirements to ensure compliance and proper record-keeping.

Learn how personal holding companies operate, their ownership rules, income classifications, and tax implications to ensure compliance and efficiency.

Learn how Section 673 defines reversionary interests, impacts grantor trust status, and interacts with related tax provisions.