Accounting Concepts and Practices

Find out if the Hyundai Kona qualifies for federal and state EV tax credits, including key eligibility factors like battery range and income limits.

Understand the tax rules and exemptions for gifting money to nieces and nephews, including federal limits, documentation, and potential estate implications.

Learn how Illinois and Wisconsin handle state tax reciprocity, filing requirements, withholding rules, and tax credits for residents with cross-border income.

Understand how Apple Cash transactions may be reported to the IRS, the factors that influence reporting, and what tax forms might apply to your situation.

Learn how to request a refund for an incorrect HSA payment, navigate provider policies, and address potential tax considerations effectively.

Learn how to file a part-year resident tax return, allocate income across states, and understand key tax implications, credits, deductions, and deadlines.

Understand when federal withholding tax applies to real estate sales, how rates and exemptions work, and the steps for compliance to avoid penalties.

Understand Montana’s nonresident tax filing rules, including income criteria, thresholds, and key requirements to determine if you need to file.

Learn how to set up and verify your ID.me account for secure IRS access, ensuring a smooth experience with tax services and identity verification.

Understand what a Notice of Intent to Assess means, key details to review, response deadlines, and steps to address or dispute the assessment effectively.

Understand how direct deposit name requirements work, including bank policies, employer rules, and potential issues with mismatched or joint accounts.

Understand the implications of K-1 Box 19 Code A, including its impact on capital accounts, tax basis adjustments, and individual tax reporting.

Understand the role of Line 31 on Form 1040, how it’s calculated, and its impact on your tax return, including potential adjustments and reconciliation steps.

Learn how to accurately complete Kansas Schedule S by identifying required additions, allowable subtractions, and proper filing procedures.

Learn how to locate, complete, and submit the NC estimated tax form, including payment options and steps for making adjustments if needed.

Understand when landlords must issue 1099s for rental property expenses, how payment thresholds apply, and the importance of proper tax documentation.

Understand why the K-1 Line 13W amount isn’t directly deducted on your tax return and how its classification affects reporting and potential tax benefits.