History of Taxes in the U.S. Timeline: From Early Levies to Modern Codes
Explore the evolution of U.S. tax systems, from early income levies to today’s intricate tax codes and corporate obligations.
Investment and Financial Markets
What Is IRC 382 and How Does It Impact Net Operating Losses?
Explore how IRC 382 affects net operating losses, focusing on ownership changes, shareholder grouping, and tax implications.
IRS Per Diem Rates 2024: What Employers and Employees Need to Know
Discover the 2024 IRS per diem rates, including key updates on meal, lodging categories, and tax implications for employers and employees.
What Is Section 1031 and How Does It Work for Property Exchanges?
Explore how Section 1031 facilitates tax-deferred property exchanges, focusing on key criteria, timelines, and financial implications.
When Did They Start Taxing Social Security Benefits?
Explore the history and evolution of Social Security benefits taxation, including key legislative changes and calculation methods.
How Does Section 302 Apply to Stock Redemptions and Dividends?
Explore how Section 302 impacts stock redemptions and dividends, focusing on qualification criteria and tax implications for shareholders.
Deferred Compensation on W2: How to Report It on Your Tax Return
Learn how to accurately report deferred compensation on your tax return by understanding its appearance on your W-2 and key reporting steps.
Why Are Capital Losses Limited to $3,000 on Tax Returns?
Understand the rationale behind the $3,000 limit on capital losses for tax returns and explore its implications for different filing statuses.
How to Use Form 8881 to Claim the Small Employer Pension Plan Credit
Learn how to navigate Form 8881 to efficiently claim the Small Employer Pension Plan Credit and optimize your business’s tax benefits.
What Is IRC Section 1411 and How Does It Impact Your Taxes?
Explore how IRC Section 1411 affects your taxes, including its impact on income categories, estates, and reporting requirements.
What Is the Additional Medicare Tax and Who Has to Pay It?
Understand the Additional Medicare Tax, its income thresholds, and how it affects both employees and self-employed individuals.
What Is Section 1256 and How Does It Impact Tax Reporting?
Explore how Section 1256 affects tax reporting for certain financial instruments with unique mark-to-market and gain/loss treatment.
What Is a Tax Jurisdiction Code and How Is It Used?
Discover how tax jurisdiction codes function across various levels of government and their role in international tax filing procedures.
What Is IRC 951A and How Does It Impact GILTI Calculations?
Explore how IRC 951A influences GILTI calculations, affecting multinational tax strategies and compliance for qualifying entities.
Article 21(2) of US-India Tax Treaty: Key Provisions and Benefits
Explore the nuances of Article 21(2) in the US-India Tax Treaty, focusing on provisions, residency, and claiming treaty benefits.
What Is the Federal Applicable Rate and How Is It Used?
Understand the Federal Applicable Rate, its calculation, categories, and its role in loans and estate planning.
What Is IRS Publication 590-B and How Does It Apply to IRAs?
Understand IRS Publication 590-B’s role in managing IRAs, including distribution rules, penalties, and rollover options for effective retirement planning.
IRC Section 266: What Are Carrying Charges and How Do They Work?
Explore how IRC Section 266 allows taxpayers to capitalize carrying charges, optimizing tax strategies for property-related expenses.
Rev. Proc. 92-70: Filing Relief Procedures and Key Requirements
Explore the essential guidelines and compliance requirements for filing under Rev. Proc. 92-70, ensuring accurate submissions and avoiding penalties.
IRS Code 721: Nonrecognition of Gain or Loss on Contributions
Explore IRS Code 721, focusing on nonrecognition rules for contributions, partner basis adjustments, and reporting obligations.