New IRS ruling treats some 351 exchange ETF conversions as taxable sales. See who is affected, what is still allowed and California rules. Book a review.
Deferred opportunity zone gains are taxed Dec. 31, 2026, and Opportunity Zones 2.0 starts in 2027. See what changes, California rules, and book a review.
Opportunity Zones 2.0: What the December 31, 2026 Deadline Means for Your Deferred Gains Read More »
If you held shares affected by the Scale AI Meta transaction, you may have received a large Form 1099-DIV. Here is what that cash payment means for your taxes, in plain terms. What we’re seeing with the Scale AI Meta transaction This tax season, we’ve worked through many cases involving transactions like the Scale AI
Buying a Home Before vs. After OBBBA: How the Rules Change for High-Income Individuals Understanding the OBBBA Changes Many high-earning individuals focus on mortgage rates when buying a house. However, few realize that tax law timing can have a six-figure impact on their real after-tax cost of ownership. The One Big Beautiful Bill Act (OBBBA),
Buying a Home Before vs. After OBBBA: How the Rules Change for High-Income Individuals Read More »
Last reviewed September 30, 2026. The rules below still reflect current California law. Moving out of California can change how your stock awards are taxed. This guide explains California equity compensation rules for restricted stock units (RSUs), incentive stock options (ISOs), nonqualified stock options (NSOs) and employee stock purchase plans (ESPPs). In short, California taxes
California Equity-Based Compensation Guidelines – Move from CA to Other States Read More »
An earlier version of this article was written with wikiHow and featured on its website. We updated it for 2026. If you earn a salary, you still have ways to lower your tax bill. First, you can shrink your taxable salary income with pre-tax contributions to retirement and health accounts. Then you can claim every
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People often use “nonprofit,” “charity” and “foundation” as if they mean the same thing. However, for tax purposes, the key difference is between a public charity and a private foundation. Both are usually nonprofits exempt under Section 501(c)(3). Still, they differ in funding, rules and tax treatment. Here is a simple guide to nonprofit vs
What Is the Difference Between a Nonprofit and a Foundation? Read More »
Selling a home in the U.S. as a nonresident alien raises two big questions. First, can you use the Section 121 home sale exclusion? Second, how does FIRPTA withholding apply? This guide answers both. What is the Section 121 exclusion? Internal Revenue Code Section 121 lets you exclude gain from selling your main home. A
Nonresident Aliens and The Section 121 Principal Resident Exclusion Read More »
Angel investors and founders often overlook one of the biggest tax breaks for startups. Section 1202 lets you exclude some or all of your gain when you sell qualified small business stock (QSBS). Although people sometimes call it a credit, it is actually an exclusion from income. And for a successful exit, it can save
The Angel Investor Tax Break That Could Save You Millions (Section 1202) Read More »
Restricted stock units (RSUs) are one of the most common ways companies share ownership with employees. If you work at a public company or a late-stage startup, you may already have them. This guide explains how restricted stock units work, how they are valued and how they are taxed. Restricted stock units at a glance
Equity Compensation 101: RSUs (Restricted Stock Units) Read More »
Home- and Mortgage-Related Deductions Mortgage interest deductions capped In the past, homeowners who took itemized deductions could count interest payments on debt related to buying, building or “substantially improving” a home — on debt up to $1 million. That’s been capped at $750,000 and applies to homes purchased after Dec. 15, 2017. Homes bought prior
INVESTMENT-SPECIFIC INTEREST AND TAXES Read More »
Although nearly 200 million Americans file tax returns every year, not everyone has to. But new tax laws and other filing requirements may have changed. Whether some of these citizens who haven’t had to file before legally require to file a tax return now. Previously, your age, income level, and filing status (married, single, etc.)
DO I HAVE TO FILE TAXES? Read More »
If you borrow money to invest, the interest you pay may be deductible. The investment interest deduction can offset part of the tax on your investment income. Here is how it works and how to claim it. What counts for the investment interest deduction? Investment interest is interest on money you borrow to buy property
Using the Investment Interest Deduction (Form 4952) Read More »
You’ve submitted your tax return for the year, so now what do you do? Instead of shoving all your records into a disheveled pile in a closet, now is a good time to get organized. Here are some tips on organizing tax records after you file to make sure you’re ahead of the game next year.
Organized Your Tax Paperwork Read More »
Depending on your business type, there are different ways to prepare and file your taxes. When it’s time to file a federal income tax return for your small business, there are various ways you can do it, depending on whether you run the business as a sole proprietorship or use a legal entity such as
How to File Federal Income Taxes for Small Businesses Read More »
How to determine what your business is worth There are many reasons to have an up-to-date business valuation. For example: You may need to sell the business due to retirement, health, divorce, or family reasons. You may need debt or equity financing for expansion or due to cash flow problems. Potential financiers or investors will
3 Business Valuation Methods Read More »
