How to File Taxes After Buying a House With Someone
Learn how homeownership affects your tax filing, from deductions to shared expenses, and ensure accurate reporting when filing taxes with a co-owner.
Investment and Financial Markets
What Is Schedule E on Form 1040 and How Does It Affect Your Taxes?
Learn how Schedule E on Form 1040 reports supplemental income and impacts your tax liability, including key considerations for different income sources.
How to Avoid the Pro Rata Rule When Converting to a Roth IRA
Learn strategies to navigate the pro rata rule when converting to a Roth IRA, ensuring a tax-efficient approach to managing pretax and aftertax funds.
How to See My Routing Number: Simple Ways to Locate It
Find your routing number easily using checks, bank statements, online banking, or mobile apps. Learn simple methods to access this key banking detail.
Why Do I Owe $1000 in Taxes and How Can I Avoid Penalties?
Owing taxes can result from underwithholding, self-employment income, or missed deductions. Learn why it happens and how to manage payments effectively.
What Is Total Tax and How Is It Calculated?
Understand how total tax is determined by exploring key factors like taxable income, deductions, credits, and payments to ensure accurate tax liability.
How Do DC Reciprocity Taxes Work for Filing State Tax Returns?
Understand how DC reciprocity tax agreements affect your state tax filing, residency status, withholding adjustments, and multi-state earnings.
Will the IRS Tell Me If I Made a Mistake on My Taxes?
Learn how the IRS communicates tax return errors, what common mistakes trigger notices, and the steps to correct them to avoid potential issues.
How to Pay Property Taxes Without Escrow
Learn how to manage property tax payments independently, from budgeting and payment methods to verification and record-keeping for accurate reporting.
Can You Write Off Lunch at Work as a Business Expense?
Learn when work-related meals qualify as a business expense, how to document them properly, and which situations don’t meet IRS deduction rules.
How to Cancel a Monthly Subscription Payment Effectively
Learn how to efficiently cancel monthly subscription payments, avoid unnecessary charges, and ensure your cancellation is properly processed.
Can My S Corp Pay My Student Loan? Tax Rules and Payment Options
Explore whether your S Corp can pay your student loans, the tax implications, and compliant payment strategies to maximize benefits while following IRS rules.
How to Not Pay Taxes on Gambling Winnings: Legal Strategies Explained
Learn legal strategies to minimize tax obligations on gambling winnings by understanding reporting thresholds, income classification, and applicable deductions.
COGS vs Expense Tax Deduction: What Business Owners Should Know
Understand the key differences between COGS and business expenses, how they impact taxes, and the best practices for accurate financial reporting.
How to Report NUA on Your Tax Return Properly
Learn how to accurately report net unrealized appreciation (NUA) on your tax return, including cost basis allocation and capital gains treatment.
How Much Medical Expenses Can You Deduct on Your Taxes?
Learn how to navigate medical expense deductions, understand eligibility limits, and ensure proper documentation for tax purposes.
Why Hasn’t My Amended Return Been Processed Yet?
Delays in amended return processing can happen due to IRS backlogs, verification needs, or errors. Learn what affects timing and how to check your status.
Where Do Distributions Go on the Balance Sheet?
Learn how different types of distributions impact the balance sheet and how they are recorded across various business structures.
Where Do I Mail My IRS Forms to Ogden, Utah?
Find out where to mail your IRS forms to Ogden, Utah, based on form type and payment status, plus key details on deadlines and mailing requirements.
Capital Gains Tax and Divorce: What You Need to Know
Understand how capital gains tax applies during divorce, including its impact on property, investments, and retirement accounts to ensure informed decisions.