Investment and Financial Markets

Learn when a homestead exemption refund may be possible, the steps to request one, and common factors that affect approval and processing times.

Learn tax-efficient ways to withdraw money from your LLC while staying compliant with IRS rules based on your business’s tax classification.

Learn how to deduct truck expenses for work, explore calculation methods, and understand depreciation while keeping accurate records for tax purposes.

Owing taxes doesn’t prevent you from e-filing. Explore payment methods, potential filing issues, and what to expect after submission.

Explore whether you can claim homestead status on a rental property, how it affects taxes, and key factors like property classification and creditor protections.

Learn the key steps to transition your LLC from a sole proprietorship to a partnership while ensuring compliance and updating essential business records.

Understand when you can deduct medical expenses paid by someone else on your taxes, how relationships and reimbursements affect eligibility, and key documentation needed.

Learn what options are available if you miss the October 15 tax extension deadline, including potential penalties, payment requirements, and next steps.

Learn the key steps to establish Connecticut residency, meet state requirements, and understand tax obligations based on your residency status.

Understand when hazard insurance is tax-deductible, how it applies to businesses and rentals, and the importance of proper recordkeeping for accurate reporting.

Understand the factors that determine whether you can use your wife’s bank account for direct deposit, including bank rules, employer policies, and tax considerations.

Understand the differences between HST and GST, how they apply to businesses, and key considerations for registration, compliance, and tax credits.

Learn how to deduct office furniture on your taxes, understand eligibility requirements, and determine whether to expense or depreciate your purchases.

Learn whether your child’s sports fees qualify for tax deductions, explore relevant credits, and understand state-specific considerations for accurate filing.

Learn how having multiple SEP IRAs works, including contribution limits, tax implications, and rules for managing accounts across different employers.

Understand the tax rules for deducting medical expenses paid for your parents, including eligibility criteria, required documentation, and key filing considerations.

Learn how to accurately report your Upwork income, manage self-employment taxes, and track deductions to stay compliant and optimize your tax filings.

Learn how capital losses may impact the tax liability of a Roth IRA conversion and what rules apply when offsetting gains with losses on your tax return.