Investment and Financial Markets

A tax extension gives you more time to file, not pay. Learn how to correctly estimate your tax liability and submit your request to avoid penalties.

The tax treatment of a construction allowance depends on the lease structure, determining whether it is income to the tenant or a depreciable landlord asset.

Oregon’s new Child Tax Credit offers a refundable benefit for qualifying families with young children. Learn the essential details for claiming this state-level credit.

Navigate the rules for residential energy credits using Form 5695. Understand the distinct credit types, their unique limits, and how to file correctly.

Filing Form 5695 for 2021? Navigate the process by understanding the distinct rules for each energy credit, from eligible costs to lifetime and tax liability limits.

Learn how to interpret Form 1098-T. This informational statement is the starting point for accurately determining your eligibility for education tax credits.

Learn how a trust’s tax liability can be strategically divided between the grantor and the trust entity through specific structural design.

Explore the 2017 tax law’s lasting impact on corporate rates and its temporary, expiring provisions that altered the financial landscape for individuals.

Fulfill your obligations as a Utah employer by properly handling state income tax on employee wages to maintain payroll compliance.

Learn about the state-level tax provisions available to parents after a stillbirth, a form of financial relief and official acknowledgment.

Understand the function of Form 3800, which consolidates various business credits and applies tax liability limits to determine your final allowable amount.

Life insurance payouts are typically income-tax-free for beneficiaries but can be subject to estate tax depending on the policy’s ownership structure.

Explore the multi-layered system that determines the definitive meaning of tax laws and settles conflicts between taxpayers and the government.

For partners and S corp shareholders, PA Schedule J is the required form for translating entity income or loss onto your personal PA-40 tax return.

An excise tax applies to specific goods, but its economic burden is not shared equally. Learn how this tax structure impacts different income levels.

Learn about a tax rule that allows an immediate deduction for certain prepaid business expenses, bypassing the standard need to capitalize the cost over time.

The PS Form 3877 firm mailing book creates a single, official proof of mailing for batch mailings. Learn the proper procedure for using this essential USPS tool.

Social Security’s role in determining tax dependency is nuanced. Learn how taxable and total benefits are considered differently in the calculation.

Net Operating Loss expiration rules have changed over time. Discover how the year a loss occurs determines its carryforward period and usage limitations.

When you gift stock to a child, the original purchase details and gift-date value are crucial for determining their future tax liability.