Investment and Financial Markets

New York State offers a tax credit for volunteer emergency workers. Understand the specifics of this financial benefit and how it relates to other volunteer incentives.

Selling intellectual property involves key tax considerations. Understand how to properly calculate the taxable gain and determine its character for reporting.

While not typically deductible, pool maintenance can be a valid tax write-off in certain situations. Learn the key distinctions and IRS requirements.

A 401(k) to 401(k) rollover is typically a non-taxable event, but the specific transfer method used is what determines your tax outcome.

State and local sales tax rules for digital media are evolving. Understand how tax on streaming services is determined and applied based on your location.

A missing W-2 doesn’t have to delay your tax filing. Learn the proper procedure for documenting your income and submitting an accurate return on time.

Understand your repayment obligations for the First-Time Homebuyer Credit. Learn the rules, key exceptions, and how to correctly file Form 5405.

Navigate the unique financial landscape of a professional athlete’s career. Understand how specialized tax rules affect your income, expenses, and overall bottom line.

Navigate the built-in gains tax for S corporations. This guide details the layered calculation method and factors that limit your final tax liability.

To qualify for the home sale tax exclusion, your ownership history is a key factor. Learn the IRS time requirements and how they adapt to unique life events.

Correcting an excess contribution to a retirement account is a formal process for withdrawing the funds and their earnings to maintain tax compliance.

Understand how the UK’s top income tax rate is applied. This guide clarifies how income thresholds and allowance tapering combine to create your effective tax rate.

An overview of Hong Kong’s simple tax system. Understand how tax is determined by the source of your income, a key distinction from residency-based approaches.

Understand the tax principle that limits your deductible business or investment losses to the amount you are personally positioned to lose.

Understand the push to tax corporate stock buybacks, detailing how the tax is calculated and how current proposals compare to existing law.

Understand the key distinction between your work status and business structure. Learn why a sole proprietor is self-employed, but the reverse isn’t always true.

Understand the IRS process for establishing a single rightful claimant when multiple people qualify to claim the same dependent for tax benefits.