Investment and Financial Markets

Learn how an asset’s true cost is calculated for tax purposes. This value goes beyond the purchase price and is key to determining your capital gains or losses.

Navigate the IRS requirements for e-filing Form 1095-B. This guide covers the essential system prerequisites and data handling for successful compliance.

A dependent’s 2021 federal tax filing requirement depends on specific earned and unearned income amounts. Learn when filing is required or simply beneficial.

Understand the nuanced IRS rules for nonprofits that distinguish between absolute prohibitions for insiders and substantiality tests for other private parties.

Understand how the IRS views life insurance dividends. While often a tax-free return of your premiums, certain gains or how you use them can create tax liability.

Explore the function of IRS statistical tables in determining time-based values for retirement planning and asset valuation for tax purposes.

The 1120-S business activity code correctly classifies your S corp’s main revenue source. Learn its role in your annual tax return.

For therapists, the ability to deduct unpaid client invoices depends on your financial reporting. Learn the tax considerations for uncollected payments.

Understand the structure of the 45Y tax credit. Its value hinges on meeting specific labor, sourcing, and location-based requirements for clean energy projects.

Explore tax-efficient strategies for reinvesting proceeds from a property sale. Learn how to legally defer or eliminate capital gains by following key IRS rules.

Properly classifying property components is essential for tax depreciation. Learn the crucial distinction between assets that wear out and those that do not.

Learn to accurately report Schedule K-1 data by understanding the tax principles that determine how this information affects your personal tax return.

Clarify the roles of key income figures in your tax calculation. Learn how MAGI is used for eligibility and the standard deduction for your taxable income.

Exempt organizations use Form 8940 to proactively request an IRS ruling on certain activities, ensuring compliance and operational certainty.

Understand Minnesota’s distinct approach to capital gains tax. The state treats profits from assets as ordinary income, subject to its standard tax rates.

Inherited stock is subject to unique tax provisions. Understand how your asset’s value is determined and the strategic options for managing your tax obligation.

Lower your tax bill through informed financial planning. Learn how strategic decisions about your income, savings, and investments can reduce your annual liability.