Accounting Concepts and Practices

Understand the factors that determine California residency for tax purposes, including domicile, financial ties, and time spent in the state.

Find out how to locate and verify your New Jersey municipality code to ensure accurate tax filing and avoid potential processing issues.

Learn what to do if your employer isn’t depositing SIMPLE IRA contributions on time, how to address common errors, and the potential tax and compliance impacts.

Learn how to report DFS winnings, manage entry fees, and understand tax obligations to stay compliant and organized for tax season.

Learn how the Massachusetts student loan interest deduction works, including eligibility, limits, and how to report it on your state tax return.

Learn how boot in a 1031 exchange can create taxable gains, the different forms it takes, and how to report it properly to the IRS.

Understand the key considerations of using a quitclaim deed for inherited property, including ownership verification, tax implications, and potential legal impacts.

Missing depreciation on a rental property can affect taxable income, asset basis, and potential IRS obligations. Learn how to address and correct the issue.

Learn who qualifies for the Massachusetts college tuition deduction, which expenses count, and how to claim it on your state tax return.

Learn where to file Form 8300, how to submit it electronically or by paper, key deadlines, and recordkeeping requirements for compliance.

Learn how to locate, interpret, and verify the first page of your tax return, whether filed on paper or digitally, to ensure accuracy in your records.

Learn how Tax Form 8962 helps reconcile premium tax credits, ensuring accurate subsidies and compliance with IRS requirements for health coverage.

Learn how to find state tax lien records using online databases, county records, credit reports, and state agencies for accurate financial insights.

Learn the essential steps to officially close your business with the IRS, including tax filings, account closures, and proper record retention.

Learn how the 1042-S tax form reports U.S. income for nonresident aliens, who issues it, and how it affects tax filing and withholding obligations.

Learn how New York State income tax works, including filing rules, tax rates, deductions, and key considerations for residents and nonresidents.

Understand the key differences between salary and distributions, their tax implications, and how they impact business owners and employees differently.

Learn how the IRS views handicap van expenses, which modifications may qualify for deductions, and what documentation is needed for tax purposes.