Recapture is a tax rule requiring repayment of previously claimed tax benefits if qualifying conditions...
A prohibited transaction involves certain forbidden dealings with retirement plans under IRS regulations....
Personal Holding Company Tax (PHC Tax) is an IRS penalty aimed at corporations that accumulate passive...
Depletion is a valuable tax deduction that allows owners of natural resources such as oil, minerals,...
Understanding the tax effects of a short sale or home foreclosure is essential for homeowners facing...
Selling your primary residence can trigger tax consequences involving capital gains and exclusions. Knowing...
Crowdfunding funds can have varied tax consequences depending on the type and purpose of the campaign....
International tax treaties coordinate tax rules between countries to prevent double taxation and facilitate...
Precedent in tax law means courts and the IRS use past decisions to apply tax rules consistently, providing...
The lookback period in tax law is a specific timeframe IRS uses to review past financial activities,...