Do You Get Tax Back on Returns? How Refunds Are Calculated
Explore how tax refunds are calculated, including the role of deductions, credits, and payments in determining your refund amount.
Investment and Financial Markets
Can You Claim a Dependent That Lives in Another State?
Learn about claiming a dependent living in another state, including criteria, financial responsibilities, and important filing considerations.
How to Report Oil and Gas Royalties on Your Tax Return
Navigate the complexities of reporting oil and gas royalties on your tax return with insights on income classification, deductions, and state obligations.
How Do S Corp HSA Contributions Work for Shareholder-Employees?
Explore how S Corp shareholder-employees can manage HSA contributions, including tax implications and contribution strategies.
How to Contribute to a Traditional IRA With Pre-Tax Income
Learn how to effectively contribute to a Traditional IRA using pre-tax income, including setup, contribution methods, and tax documentation essentials.
What Happens if You Don’t File Your 1099 for Subcontractors?
Learn the consequences of not filing 1099s for subcontractors, including penalties, tax implications, and potential conflicts with the IRS.
Do I Need to File State Taxes in Washington?
Understand Washington’s tax obligations, including potential requirements for workers and implications of capital gains and cross-border employment.
How to Get a State Tax Transcript: Step-by-Step Options Explained
Discover practical steps to obtain your state tax transcript efficiently, including various methods, required documentation, and handling common issues.
How to Report Household Employee Income for Tax Purposes
Learn the essentials of reporting household employee income for taxes, including documentation, forms, and compliance with tax obligations.
Forgot to File 1099-R? Steps to Fix Your Tax Return Mistake
Learn how to address a missed 1099-R on your tax return, avoid penalties, and ensure accurate IRS communication for a smoother tax process.
Student Loan Interest Deduction When Married Filing Separately
Explore how the student loan interest deduction works for those married filing separately, including eligibility, income limits, and tax form reporting.
Can I Claim My Niece as a Dependent on My Taxes?
Learn the criteria for claiming your niece as a dependent on your taxes, including residency and financial support requirements.
How Do I Know If I Have an IP PIN for My Taxes?
Discover how to determine if you have an IP PIN for your taxes by reviewing past filings, using online tools, and confirming with official support.
How to Track My Amended Return and Resolve Access Issues
Learn effective ways to track your amended tax return and troubleshoot access issues with practical solutions and timeframes.
Michigan Underpayment Penalty: Why It Happens and How to Address It
Learn about Michigan’s underpayment penalty, its causes, calculation, and steps to address and resolve potential issues effectively.
What Is Form 8949 Box D and How Does It Affect Your Taxes?
Understand the role of Form 8949 Box D in your tax filings, including transaction types, adjustments, and reconciliation with Schedule D.
What Is a 3949-A Form for Child Support and When Should You Use It?
Learn when and how to use the 3949-A form for child support, including submission steps and necessary documentation.
What Is a K-1 Schedule and Who Needs to File It?
Understand the K-1 Schedule, its recipients, and its impact on tax reporting for partnerships, S corporations, estates, and trusts.
Form 8949: What to Do If You Have Too Many Transactions
Learn how to efficiently manage numerous transactions on Form 8949, ensuring accurate reporting and compliance with IRS guidelines.
Do You Have to File Taxes if You Were Unemployed All Year?
Explore tax filing obligations for a year of unemployment, including benefits, other income, and potential credits.