Investment and Financial Markets

Understand the key provisions that offer a simplified approach to Pillar 2 compliance, reducing the need for detailed global minimum tax calculations.

Learn the requirements for using Form 8885 to claim the Health Coverage Tax Credit, a benefit applicable to tax years prior to its 2021 expiration.

Learn how to properly translate your property’s earnings and expenses into the final net income figure required for your tax return.

The timing of income recognition is governed by Section 451. Learn how your accounting method and financial statements can alter when you must report income.

A business uses separate identifiers for state and federal purposes. Learn the distinct functions of an entity number and an EIN for proper administration.

Gain clarity on the IRS reporting process for property sales. Understand the flow of information from the transaction closing to your final tax return.

Explore the global minimum tax, a significant shift in international corporate taxation. Learn how the system functions for large MNEs operating across borders.

Learn the specific IRS criteria that allow an estate to defer tax payments on a closely held business, a critical provision for preserving assets during succession.

Explore the landmark case of a gambler’s unenforceable debt and how its settlement defined the crucial distinction between canceled debt and non-taxable income.

Explore how Revenue Ruling 83-74 provides a specific pathway for converting a life insurance policy from a retirement plan into a tax-deferred annuity.

While banks report cash transactions over $10,000, these routine filings are distinct from the tax compliance issues that actually increase audit risk.

Your 401(k) requires mandatory distributions in retirement. Understand the key considerations for managing this process and its effect on your taxable income.

Failing to report income initiates a clear IRS process. Understand the principles behind civil tax penalties and the established routes for correcting your filing.

Navigate your annual Form 940 responsibilities. This guide clarifies how state unemployment payments directly impact your final federal tax calculation.

Understand the tax principles of Section 467 rental agreements, which align income and expense reporting with a lease’s economic substance, not its cash payments.

Understand the pivotal repeal of a tax doctrine and how it established the double taxation of appreciated assets in corporate liquidations.

This guide helps employers translate employee W-4 information into the correct federal income tax withholding amount using IRS calculation methods.

Land ownership involves distinct financial obligations over time. Learn how taxes apply at the point of purchase, during the holding period, and upon a future sale.

Understand the federal tax requirements for a contract for deed. A private agreement on interest has significant tax implications for both buyer and seller.