Investment and Financial Markets

Using your savings account for frequent withdrawals can trigger fees. Learn how these limits work and which transactions count to manage your money effectively.

Learn how to properly classify a physician’s office using NAICS code 621111 for accurate tax filing, loan applications, and government reporting.

Understand how to defer capital gains tax on an investment property sale with a 1031 exchange. Learn the essential requirements and procedures for compliance.

Paid income tax to another state or city as a Michigan resident? Understand the process for claiming a credit to offset your Michigan tax liability.

Gain a clear overview of Honduras’s territorial tax system and how it defines tax obligations for individuals, businesses, and investment activities.

Maintaining a qualified 401(k) plan requires passing the 410(b) coverage test, which verifies broad and nondiscriminatory employee participation.

Discover reliable and free tax preparation services for seniors. Learn about established programs and official resources for filing your annual return accurately.

Unpaid tax debt can put your 401k at risk. Learn about the structured IRS collection process and the proactive measures for safeguarding retirement funds.

For non-citizens with U.S. income, overpaying taxes is common. Learn how to navigate the specific IRS rules to determine and claim a potential tax refund.

For higher-income taxpayers, this guide clarifies the process for calculating the Additional Medicare Tax and reporting it correctly on your return using Form 8959.

Annuity payments are not entirely taxable. Learn the correct accounting methods to separate your taxable earnings from your non-taxable return of principal.

Withdrawing from a Roth account tax-free depends on specific criteria. Understand the IRS framework that determines the tax outcome of your distribution.

Understand Rev. Proc. 2022-14, the IRS’s consolidated framework for granting retroactive relief for an untimely S corporation election.

The tax treatment for investment advisory fees varies based on an investor’s circumstances. Understand the current rules and key distinctions for your portfolio.

Navigate the tax rules for your golf club. While dues aren’t deductible, learn how to properly claim business expenses incurred separately at the facility.

Learn how the 2023 Idaho standard deduction functions to lower your taxable income, a key step in accurately calculating your final state tax liability.

Explore the framework for state tax compliance as a self-employed individual, including how your location and business activity shape your responsibilities.