Investment and Financial Markets

Learn how to responsibly report unauthorized child claims to the IRS, ensuring compliance and protecting rightful dependents.

Explore the financial and tax implications of selling your house to an LLC, including ownership transfer and liability considerations.

Discover how to determine your LLC’s tax classification, including default and elected options, by reviewing IRS filings and state designations.

Navigate Form F8995 to optimize your Qualified Business Income deductions with insights on eligibility, accurate completion, and common pitfalls.

Explore the nuances of capital gains taxes on home sales in Alabama, including key differences between federal and state rules.

Explore essential tax and mortgage insights for managing a HELOC on your primary residence effectively.

Navigate the complexities of managing prior year passive activity losses on your taxes with practical insights and effective strategies.

Learn how to accurately report U.S. government interest as dividends on your tax return, ensuring compliance and avoiding common errors.

Navigate the complexities of Box 17 Code V for Section 199A with insights on income qualification, calculation, and reporting essentials.

Explore how to establish an LLC without a Social Security Number, including alternative identification methods and key registration steps.

Learn the purpose of a tax cover sheet, when it’s necessary, and how it aids in organizing and submitting your tax documents efficiently.

Understand the meaning of a refund date, how payment processing works, and what to do if your refund is delayed or doesn’t arrive.

Explore the essentials of New Mexico’s Gross Receipts Tax, including registration, taxable receipts, deductions, rates, and compliance requirements.

Explore the nuances of umbrella insurance tax deductibility for personal and business use, including key considerations for accurate documentation.

Understand the essentials of the Principal Life Insurance 1099-R form, including distribution codes, reporting, and managing potential errors.

Discover essential insights on State Street Retiree Services 1099-R, covering distribution types, tax implications, and filing guidance for retirees.

Understand the IRS’s authority to seize bank funds, the process involved, and how different accounts may be impacted.

Explore the nuances of claiming smog check fees on taxes, including eligibility criteria and documentation requirements.

Learn the nuances of compensating yourself from an LLC or S Corp, focusing on compliance, tax implications, and strategic financial management.