Can I Write Off a Loan to a Family Member on My Taxes?
Learn how tax rules apply to family loans, including documentation requirements, interest rates, and potential deductions for unpaid debts.
Investment and Financial Markets
How Much Does Furniture Depreciate Over Time?
Understand how furniture depreciation is calculated, the factors that influence it, and its impact on resale value and tax considerations.
What Qualifies as Active Participation in Rental Property?
Understand what qualifies as active participation in rental property management, including key responsibilities and tax implications for property owners.
IHSS Live-In Provider Regulations: What You Need to Know
Understand key regulations for IHSS live-in providers, including tax treatment, wage calculations, and compliance requirements to ensure accurate reporting.
How Much Is New Jersey State Tax and What Affects Your Rate?
Understand how New Jersey state tax rates vary based on income, filing status, and available deductions, plus key considerations for residents and nonresidents.
I’ve Never Filed Taxes in My Life. What Should I Do?
Not sure how to start filing taxes after years of non-filing? Learn how to determine your obligations, address past returns, and set up a plan to catch up.
AZ 529 Tax Deduction: Can You Deduct Contributions on Your Return?
Learn how AZ 529 contributions may qualify for a state tax deduction, the limits that apply, and the forms and documentation needed to claim it.
Are Gala Tickets Tax Deductible? What You Need to Know
Understand the tax deductibility of gala tickets, including eligibility, deductible amounts, and documentation requirements for accurate tax reporting.
How Much Is Tax in Wisconsin? A Breakdown of Tax Rates and Tiers
Understand Wisconsin’s tax system with a breakdown of income, sales, property, and excise taxes, including rates, tiers, and key factors that impact taxpayers.
What Is the 8938 Threshold and How Does It Affect You?
Understand the 8938 filing threshold, how it varies by status, which assets must be reported, and the potential consequences of noncompliance.
Are 529 Contributions Tax Deductible in Virginia?
Learn how Virginia’s tax rules apply to 529 plan contributions, including deduction limits, carryforward options, and key filing considerations.
Are Moving Expenses Tax Deductible for Retirees?
Learn whether retirees can deduct moving expenses, which costs qualify, and how to properly document and report them for potential tax benefits.
HSA Mistaken Distribution: How to Fix Errors and Avoid Tax Penalties
Learn how to identify and correct HSA distribution mistakes to minimize tax penalties and ensure compliance with IRS guidelines.
Can My LLC Pay for My Education as a Business Expense?
Learn how your LLC can cover education costs as a business expense, the tax implications, and the requirements for proper documentation and compliance.
How to Delete Your ETrade Account Step by Step
Learn how to close your ETrade account properly by verifying eligibility, managing assets, and submitting a closure request to ensure a smooth process.
What Is IRS Letter 105C and How Should You Respond?
Understand IRS Letter 105C, why it was issued, and how to respond effectively. Learn how it impacts your tax filings and what documentation you may need.
Can You Take Money Out of Edward Jones Without Penalty?
Understand the rules for withdrawing funds from Edward Jones accounts, including potential penalties, exceptions, and liquidity considerations.
Can a Coverdell Be Rolled Into a 529 Plan?
Learn how to roll a Coverdell ESA into a 529 plan, including eligibility rules, tax considerations, and how the transfer affects contributions and distributions.
How to Use the AR1000TC Form for State Tax Credits
Learn how to accurately complete the AR1000TC form to claim state tax credits, avoid common errors, and ensure proper documentation for a smooth filing process.
Does Arkansas Have State Taxes? What You Need to Know
Understand Arkansas state taxes, including income, business, and sales taxes, plus exemptions, credits, and filing requirements to stay compliant.