Accounting Concepts and Practices

Understand how the Form 1116 High Tax Kickout impacts foreign tax credits, income categorization, and potential AMT considerations for U.S. taxpayers.

Learn how real estate agents can determine their eligibility for the QBI deduction based on employment status, business structure, and qualifying income.

Understand how 401(k) withdrawals are taxed in Puerto Rico, including applicable rates, withholding rules, penalties, and rollover options.

Understand when state tax filing is necessary, even with no income, and learn how residency and specific income types may affect your filing obligations.

Learn how to obtain a 1099 from a closed business by identifying the responsible party, exploring IRS options, and using alternative documentation.

Learn how to manage vending machine taxes efficiently, from sales tax collection to deductions and reporting, to keep your business compliant and organized.

Learn when independent contractors must pay estimated taxes, how to calculate payments, key deadlines, and ways to avoid penalties.

Learn how to identify the correct NAICS code for multi-level marketing by analyzing business activities, consulting official resources, and verifying classifications.

Understand tax rules for living in one state and working in another, including reciprocity, filing requirements, and credits for taxes paid.

Learn whether it’s secure to include your SSN on IRS checks, explore alternative identification methods, and understand best practices for tax payment processing.

Understand how tutoring income is taxed, your reporting responsibilities, and how to track expenses to stay compliant with IRS requirements.

Understand the tax implications of business investments, including deductibility rules, investor classifications, and how to substantiate investment costs.

Learn how to check if you received the Earned Income Credit by reviewing tax documents, using IRS tools, and understanding refund statements.

Learn what happens if your IRS payment bounces, including potential fees, how to resolve the issue, and the impact on your tax account.

Learn how to accurately report ERC interest income on your tax return, reconcile past filings, and understand its impact on your taxable income.

Learn when flight training costs may be tax deductible based on IRS rules, employment status, and proper recordkeeping practices.

Understand how zero coupon bonds are taxed, including annual reporting, original issue discount, and tax implications at maturity or when sold early.

Entering the wrong EIN on your tax return can lead to processing delays and verification requests. Learn how to correct errors and minimize potential issues.

Learn the steps to cash your husband’s check while he’s incarcerated, including bank requirements, endorsement options, and legal considerations.