Investment and Financial Markets

Understand whether a parking pass qualifies as an education expense for tax deductions and learn how different fees are classified for tax purposes.

Learn how to detect unauthorized tax filings in your name, review key financial records, and take steps to address potential identity-related tax issues.

Understand the potential tax implications of not submitting FTB 4502, including possible adjustments, penalties, and steps to address a missing form.

Learn how to file Form M-4868 for a Massachusetts tax extension when no payment is due, including key requirements, submission methods, and confirmation steps.

Learn how the de minimis safe harbor election simplifies tax reporting by allowing businesses to expense certain costs instead of capitalizing them.

Understand how the cost basis of a house in an irrevocable trust is determined, adjusted, and reported for tax purposes, including potential step-ups for beneficiaries.

Learn how IRS Code 168 defines depreciation rules, impacts asset classifications, and influences tax strategies for businesses and investors.

Learn how to correctly complete Form DR 0104AD by understanding filing requirements, income reporting, deductions, and common mistakes to avoid.

Explore practical options for deferring tax payments, including extensions, installment plans, and relief programs, while ensuring compliance with IRS rules.

Learn how to report Form 1099-R on your tax return, understand key details like distribution codes and taxable amounts, and navigate federal and state requirements.

Learn when the third stimulus check was sent, how it was delivered, and what to do if you haven’t received it, including potential tax implications.

Learn how IRS CP63 affects your tax refund, why you received it, and the steps needed to resolve outstanding tax issues efficiently.

Understand when and how to report gambling winnings to the IRS, including thresholds, withholding rules, and documentation requirements to stay compliant.

Learn how to accurately report IRA contributions on your tax return, including where to enter them on federal forms and how to address excess contributions.

Learn how to locate a deceased person’s driver’s license number by reviewing estate documents, working with executors, and requesting state records.

Understand how cash in lieu payments are taxed, how they affect your cost basis, and what to consider when reporting them on your tax return.

Learn what officer compensation means, how it differs from employee pay, and how to report it correctly on business tax returns.

Learn how to properly deduct education expenses on Schedule C, ensuring compliance while maximizing tax benefits for your business.

Learn the key IRS filing requirements and legal steps to convert a C Corp to an LLC while ensuring compliance with tax and regulatory obligations.

Learn how to file a superseded tax return, including eligibility, timing, required documents, and how it differs from an amended return.