Investment and Financial Markets

Learn how to determine the deductible portion of your cell phone bill for tax purposes, calculate business use, and maintain proper records for filing.

Learn how to locate the state identification number on Form 1099-DIV, understand its role in tax reporting, and address missing or incorrect details.

Learn how to accurately report partner retirement plan contributions on tax forms, including eligibility, limits, and proper documentation requirements.

Understand California’s passive activity loss rules, how they differ from federal law, and what they mean for tax reporting and loss carryovers.

Learn how benefits surcharges impact your health plan costs, why they apply, and what to consider when reviewing employer or insurer policies.

Learn how partial-year marriage affects your tax filing status, income reporting, and required documentation to ensure accurate and timely submission.

Learn how to accurately calculate aggregate gross receipts for tax purposes, including key inclusions, exclusions, and compliance considerations.

Understanding how a joint tax refund is divided depends on factors like state laws, prior agreements, and financial contributions. Learn what affects your share.

Understand how cleaning fees are classified for tax purposes, when they may be subject to sales tax, and best practices for reporting and recordkeeping.

Understand when a roof replacement qualifies for bonus depreciation, how to distinguish it from repairs, and the key recordkeeping requirements.

Learn how Wisconsin’s tax rules apply to 529 plan contributions, including eligibility, deduction limits, and key considerations for residents.

Understand whether substitute teachers are classified as independent contractors or employees based on control, work terms, and tax implications.

Understand the rules for selling an EV after claiming the tax credit, including ownership requirements, potential repayment, and proper documentation.

Learn how to accurately complete and submit Form 4506-T online, ensure proper formatting, avoid common mistakes, and track your request efficiently.

Learn how to accurately report 1099-B redemption for CDs on your tax return, including cost basis considerations, gain or loss calculations, and tax form requirements.

Understand when self-employment tax applies to 1099-NEC income, how to calculate it, and key reporting requirements to stay compliant with the IRS.

Understand how prescription medications are taxed, including state variations and key distinctions from over-the-counter drugs.

Understand the distribution rules, tax implications, and options for managing an inherited IRA to make informed financial decisions.

Understand how school taxes factor into your escrow payments, how they impact your mortgage, and what to check on your statements for accuracy.