Investment and Financial Markets

Learn how an S corp’s history can cause distributions to be taxed as dividends and how to correctly apply the ordering rules to determine taxability.

Understand the key financial rules and vehicle specifications necessary for a business to successfully claim the 45W tax credit.

Receiving a Form 1042-S as a U.S. resident alien isn’t always an error. Learn the tax rules that can trigger this form and how to report it correctly.

Learn about your tax responsibilities for gambling income. This guide covers the necessary steps for reporting winnings and handling losses for tax purposes.

A practical guide to the Connecticut personal property tax, covering asset assessment, declaration procedures, and ways to reduce your tax liability.

If your income changes during the year, your advance health insurance subsidy must be reconciled on your tax return, which can result in repayment.

Understand how Vermont’s capital gains exclusion can reduce your state tax liability on profits from the sale of key long-term, in-state assets.

This guide translates complex IRS rules into a clear framework for managing your residential rental property and its corresponding tax obligations.

Discover how the nonrefundable Saver’s Credit directly reduces your tax owed for retirement contributions, based on your adjusted gross income.

Exchanging services or property is a taxable event. Learn the IRS framework for determining the fair market value of what you receive and how to report it as income.

Go beyond the basics with a structured approach to calculating what you owe, providing a clear framework for handling income that is steady or variable.

PL 117-2, the American Rescue Plan, delivered broad economic relief. Explore how it used multiple financial mechanisms to support individuals, businesses, and governments.

Borrowing from your S corporation requires careful structuring to be recognized as a loan by the IRS and prevent unintended, costly tax consequences.

Understand the financial relationship between Medicare and your taxes. Learn how your income level directly influences your costs and potential tax deductions.

Learn the principles that determine if a business expense is deductible, helping you properly categorize and report costs that fall outside standard definitions.

A reference guide to IRS Publication 15 for the 2019 tax year, clarifying employer payroll obligations for historical compliance or amending past returns.

Learn how employer retirement plans use an average of Social Security wages to adjust benefit formulas, coordinating private savings with public benefits.

Filing for an education tax credit requires understanding the rules beyond the headline amount. See how eligibility and expenses impact your final calculation.