Accounting Concepts and Practices

Learn when Minnesota property tax refunds are issued, how long processing takes, and the steps to check your refund status or receive payment.

Learn how to qualify for and claim Maryland’s solar panel tax credit, including key filing details, coordination with federal incentives, and carryover options.

Understand how the $7,500 EV tax credit works, including eligibility, limitations, and how it applies to your tax return.

Learn how to accurately complete and file your paper tax return, including gathering documents, filling out forms, and ensuring proper submission.

Understand how 401(k) withdrawals are taxed, including differences between traditional and Roth accounts, potential penalties, and tax treatment of gains.

Learn how Social Security withholding is calculated, how additional income affects it, and how to adjust withholdings to manage your tax obligations.

Understand New York’s 1099 filing rules, including reporting requirements, deadlines, and compliance guidelines to ensure accurate tax submissions.

Learn how to accurately list your occupation on IRS forms, whether you’re an employee, self-employed, or have multiple roles, and when updates may be needed.

Understand how the Dependent Care FSA grace period works, including key deadlines, eligible expenses, and strategies to maximize your benefits.

Understand the tax treatment of dead deal costs, including when they can be deducted, when they must be capitalized, and key recordkeeping considerations.

Learn how redacted tax returns balance privacy with verification requirements, which details are typically omitted, and how to ensure compliance when reviewing them.

Learn how to obtain a copy of your 1099 form through issuers, the IRS, or financial portals, and address any missing or incorrect information efficiently.

Learn how to accurately report 1099-PATR income on your 1040 tax form, including proper placement and potential adjustments for tax compliance.

Understand the role of Copy B of Form W-2 in tax filing, its importance for employees, and how to address errors or missing forms efficiently.

Understand how Cash App reports taxable income, key thresholds, and proper documentation to ensure accurate tax filing and compliance.

Understand how the Child Tax Credit is calculated, including key factors like income, filing status, and dependents that can impact your eligibility and refund.

Learn what documentation is required to substantiate medical expense deductions and how to maintain accurate records for tax purposes.

Understand how partnerships are taxed as pass-through entities, how income and losses are allocated, and the reporting responsibilities for partners.