Rev. Rul. 2026-20 and Notice 2026-62: What the IRS 351 Exchange ETF Ruling Means for Investors
IRS Rev. Rul. 2026-20 and Notice 2026-62 treat some 351 exchange ETF conversions as taxable. See who is affected, what is allowed and California rules.
Investment
Opportunity Zones 2.0: What the December 31, 2026 Deadline Means for Your Deferred Gains
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.
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Scale AI / Meta Transaction — What That Cash Dividend Actually Means for Your Taxes (Simple Breakdown + Case Study)
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), effective July 2025, introduced several key adjustments affecting homeowners and real estate investors. Consequently,
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California Equity-Based Compensation Guidelines – Move from CA to Other States
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
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How to Reduce Your Taxes on Salary Income
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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What Is the Difference Between a Nonprofit and a Foundation?
Private foundation vs public charity: how the two types of 501(c)(3) nonprofit differ in funding, donor deduction limits, payout rules and IRS filings.
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Nonresident Aliens and The Section 121 Principal Resident Exclusion
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
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Angel Investor Tax Credit? How the Section 1202 QSBS Exclusion Works
Is there an angel investor tax credit? Not federally, but Section 1202 can exclude startup gains for angel investors. Requirements, examples, state notes.
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RSU Taxes 101: How Restricted Stock Units Are Taxed
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, most importantly, how is RSU taxed at each stage, from
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INVESTMENT-SPECIFIC INTEREST AND TAXES
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
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DO I HAVE TO FILE TAXES?
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.)
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Using the Investment Interest Deduction (Form 4952)
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
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Organized Your Tax Paperwork
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.
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How to File Federal Income Taxes for Small Businesses
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
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