Investment and Financial Markets

Learn how to determine whether investment interest expense belongs on Schedule A or Schedule E, ensuring accurate tax reporting and compliance.

Understand Maryland’s income tax rates, including state brackets, local surcharges, and deductions, to better navigate your tax obligations.

Understand how Illinois and California tax laws apply when you live in one state and work in another, including residency rules, wage allocation, and tax credits.

Learn how to correctly fill out a money order for IRS payments, including key details to include, mailing steps, and what to do if it’s lost or damaged.

Learn how to properly file and track a Backdoor Roth IRA conversion, including key tax details, Form 8606 reconciliation, and pro rata rule considerations.

Learn how long state tax refunds typically take, factors that may affect processing times, and how to check the status of your return.

Explore how an implied life estate affects step-up in basis eligibility, considering tax treatment, ownership classification, and documentation requirements.

Understand Arizona’s inheritance tax rules, federal thresholds, and exemptions to ensure compliance and maximize the value of your inherited assets.

Discover when a storage unit qualifies as a tax deduction, how to document expenses properly, and key considerations for business, rental, and mixed-use storage.

Understand how tax withholdings and deductions impact your take-home pay and learn how to adjust them for better financial planning.

Learn when season tickets may qualify as a tax deduction, the documentation required, and the limitations that could affect your eligibility.

Understand how relocation bonuses are taxed, including federal withholding, W-2 reporting, and state or international tax considerations.

Understand the tax implications of receiving crypto as a gift, including cost basis, reporting rules, and potential tax liabilities when selling.

Receiving a letter from the Missouri Department of Revenue Taxation Division may relate to payment issues, tax adjustments, or verification requests.

Learn what IRS Schedule 2 is, who needs to file it, and how it affects your tax return, including additional taxes and available credits.

Understand how income, deductions, and tax thresholds determine whether you owe taxes and what factors might impact your tax liability.

Learn how the IRS verifies real estate cost basis using purchase records, improvements, and historical data to ensure accurate tax reporting.

Learn how long to keep FSA receipts, why retention matters for audits and verifications, and when it’s safe to discard them based on plan requirements.

Learn how long state-issued checks remain valid, what happens if they expire, and the steps to request a reissue under unclaimed property laws.