Accounting Concepts and Practices

Understand the tax responsibilities of J1 students in the U.S., including federal, state, and treaty considerations, to ensure proper compliance.

Learn what the D-4A form is, how it affects tax withholding, and the key steps to accurately complete and submit it.

Mailed your tax return to the wrong IRS address? Learn how to verify delivery, resend documents correctly, and ensure your filing stays on track.

Learn how to properly report a Qualified Charitable Distribution (QCD) on your tax return and ensure you receive the full tax benefits of donating your RMD.

Understand how a life estate impacts the stepped-up basis of inherited property, including tax implications, fair market value, and IRS reporting requirements.

Explore the financial impact of using an electric car for business, including tax benefits, cost considerations, depreciation methods, and ownership strategies.

Explore the key factors of forming an LLC as a day trader, including tax implications, liability protection, and compliance requirements.

Understand how relocation tax gross-ups work, when repayment may be required, and how they impact your overall compensation and tax obligations.

Learn how to accurately report Schedule K-1 income on your 1040, including classification, basis adjustments, and tax implications for different entity types.

Learn why nonresidents who win in Connecticut must file state taxes, how withholding works, and what it means for your home state tax obligations.

Learn why the IRS may have reduced your tax refund, how to interpret their notices, and what steps you can take to address discrepancies or outstanding debts.

Learn when to expect your Sallie Mae 1098-E form, how to access it, and what to do if there are errors or missing details for accurate tax reporting.

Learn who qualifies for the Connecticut capital gains tax exemption, the necessary forms, and key filing requirements to ensure compliance.

Learn how to verify and retrieve an IRS tax payment receipt using online, phone, or mail options while keeping your records organized for future reference.

Learn when tax underpayment penalties apply, how to calculate them, and the guidelines that may help you avoid or reduce potential charges.

Learn which tax forms 501(c)(3) organizations must file, how to choose the right form based on financial activity, and key filing deadlines to stay compliant.

Learn where to mail Form 2553 based on your business location, explore private delivery options, and ensure successful submission to the IRS.