Investment and Financial Markets

Learn how to correct a 1099 with an incorrect Social Security number by identifying errors, updating records, and submitting accurate forms efficiently.

Learn how self-employed individuals can identify, correct, and report excess SEP contributions while minimizing tax implications and ensuring compliance.

Learn how to modify your IRS payment plan, update your payment method, and understand the process to ensure compliance and avoid potential issues.

Learn how to securely pay taxes using PayPal, from verifying payment options to completing transactions and keeping accurate records for future reference.

Understand the rules around employer contributions to a Traditional IRA, including tax implications, coordination with other accounts, and reporting requirements.

Learn how electronic signatures apply to W-4 forms, IRS policies on e-signing, and what employers require for digital submission and record retention.

Understand how your taxable income, deductions, and tax brackets impact what you owe on a $60,000 salary, with insights on potential additional liabilities.

Learn how to navigate the tax implications of Hurricane Ian losses, including eligibility, documentation, and filing requirements for a casualty loss deduction.

Understand how nonpassive income from Schedule K-1 is taxed, including key components like self-employment tax and Medicare surtax, and potential recharacterizations.

Understand the legal and tax implications of hiring yourself as an independent contractor for your LLC, including classification, payments, and compliance.

Learn how to navigate tax deductions for farm equipment by understanding depreciation, expensing options, and proper documentation requirements.

Navigating tax refund disputes with a spouse can be complex. Learn about ownership rights, legal options, and steps to take if your refund isn’t shared.

Learn how to correctly file a dual-status tax return by understanding residency rules, income allocation, and required forms for compliance.

Understand how gift tax rules apply when giving to a married couple, including exclusions, exemptions, and filing requirements to ensure compliance.

Learn how LLC ownership by a trust affects tax classification, reporting obligations, and whether it qualifies as a disregarded entity under IRS rules.

Learn when you can deduct medical expenses for someone who isn’t your dependent, the IRS criteria involved, and how to properly document these costs.