Investment and Financial Markets

Ensure your specialty trade business is correctly classified for tax reporting. Understand how to use the NAICS system to identify the most accurate code.

Understand how the IRS classifies your involvement in a Schedule C business and how this determination impacts your ability to deduct business losses.

This tax deduction reduces your adjusted gross income. Learn the mechanics of how your income level and interest paid determine your final deductible amount.

The corporate AMT is a parallel tax system for large companies. Learn how its calculation, based on financial income, affects tax liability and creates credits.

California’s tax laws for asset depreciation do not conform to federal rules. Understand these key differences and the required adjustments for your state return.

For Georgia LLC owners, tax compliance goes beyond the IRS. Learn how federal decisions shape your state tax duties and annual filing responsibilities.

Explore the IRS 415 safe harbor definition for compensation to streamline SEP IRA administration, maintain compliance, and correctly calculate annual contributions.

Explore how the IRS applies the substance-over-form principle to challenge a corporate liquidation, potentially recharacterizing it and creating dividend tax liability.

Understand the key factors that influence your capital gains tax liability and discover how proactive financial decisions can help minimize your tax burden.

Profit from a home sale isn’t always taxed. This guide explains the financial calculations and residency qualifications that determine your final tax responsibility.

An EIN is a key step in formalizing a business, but it brings new administrative and compliance responsibilities. Learn what these obligations entail.

Learn the tax implications when borrowing or lending money. Key factors like interest and repayment terms determine what must be reported to the IRS.

This summary reviews the significant tax law adjustments under the CARES Act and their intended financial effects for individuals and businesses.

Gain a clear understanding of the bonus depreciation deduction, its scheduled phase-down, and the key differences in federal versus state tax treatment.

Understand the IRS time limit for assessing gift tax. Learn how the details of your filing provide certainty and impact future estate tax calculations.

For landlords, landscaping costs can be a valuable tax deduction. Learn how the nature of the work performed dictates the correct tax treatment for your expenses.