Investment and Financial Markets

Examine how Oregon and California property taxes diverge, with one system based on purchase price and the other on a distinct historical property value.

Discover how an asset’s official IRS class life directly translates into its correct MACRS recovery period for accurate business depreciation calculations.

Understand the full tax journey for incentive stock options, from the potential AMT triggered at exercise to strategies for managing your liability when you sell.

Understand how tax audit protection provides professional representation to manage the complexities of an IRS or state inquiry on your behalf.

Discover how Revenue Ruling 2013-17 established a uniform standard for recognizing marriage in federal tax law, regardless of a couple’s state of residence.

Manage your tax liability on income without withholding. This guide explains the principles for making accurate, penalty-free quarterly tax payments.

Learn how an S corp’s Schedule K-1 translates the company’s financial activity into the specific amounts you must report on your personal tax return.

Explore the tax treatment of payments from state crime victim funds, which are generally non-taxable, and the specific circumstances that can alter this rule.

Understand the process for paying Maine estimated tax on income without withholding. Our guide covers correct calculation and submission to ensure compliance.

The rules for claiming an adult child as a dependent are different. See how your son’s income and the support you provide determine eligibility for tax benefits.

Learn how Form 1098-S reports the gross proceeds from your property sale and why this figure is the essential starting point for your capital gains tax filing.

Understand the Arizona Families Tax Rebate, a one-time payment for qualifying taxpayers with dependents based on their 2021 tax information.

Learn the requirements for claiming the home office deduction on Schedule C. This guide covers the process from determining eligibility to calculating your amount.

Learn how to translate an asset’s cost, type, and service date into a precise tax deduction using the structured format of IRS depreciation tables.

Learn how interest netting remedies the rate difference between IRS underpayment and overpayment interest, allowing eligible taxpayers to claim a refund.

Discover how federal gift tax rules apply to 529 plans. Learn strategies for making large, tax-free contributions, including a special lump-sum funding option.

Understand the mechanics and strategic considerations of the PTE tax election, a state workaround to the federal SALT cap for pass-through business owners.

Explore the framework of Section 108(i), a historical tax provision from the 2009 ARRA that allowed businesses to manage income from cancelled debt.