Investment and Financial Markets

Find the best tax software for clergy by understanding key deductions, housing allowances, and recordkeeping essentials to simplify your tax filing.

Learn how Wisconsin’s tax rules apply to 529 plan contributions, including eligibility, deduction limits, and key considerations for residents.

Understand whether substitute teachers are classified as independent contractors or employees based on control, work terms, and tax implications.

Understand the rules for selling an EV after claiming the tax credit, including ownership requirements, potential repayment, and proper documentation.

Learn how to accurately complete and submit Form 4506-T online, ensure proper formatting, avoid common mistakes, and track your request efficiently.

Learn how to accurately report 1099-B redemption for CDs on your tax return, including cost basis considerations, gain or loss calculations, and tax form requirements.

Learn how to accurately report income and withholding on Form 1042-S, understand withholding agent responsibilities, and ensure compliance with tax regulations.

Understand when self-employment tax applies to 1099-NEC income, how to calculate it, and key reporting requirements to stay compliant with the IRS.

Understand how prescription medications are taxed, including state variations and key distinctions from over-the-counter drugs.

Having a warrant doesn’t automatically affect your tax refund, but certain debts can lead to interception. Learn how warrants and offsets may impact your refund.

Understand how settlement charges impact your property’s tax basis and which costs can be included or excluded for accurate tax calculations.

E-filing is convenient, but some tax forms still require mailing. Learn which documents need to be sent and how to ensure they arrive on time.

Understand the distribution rules, tax implications, and options for managing an inherited IRA to make informed financial decisions.

Understand why you received a 1099-A for your timeshare, how it differs from other tax forms, and what it may mean for your tax reporting obligations.

Understand how school taxes factor into your escrow payments, how they impact your mortgage, and what to check on your statements for accuracy.

Understand the key tax differences between active and passive real estate investing, including tax rates, deductions, and reporting requirements.

Learn how to properly classify and deduct a business bad debt from a shareholder loan on your taxes while ensuring compliance with IRS requirements.

Understand when bandages qualify as tax-deductible medical expenses, how personal use affects eligibility, and what documentation is needed for deductions.

Learn how to determine eligibility, calculate overpayments, and navigate the refund process for California real estate withholding tax.

Understand how California taxes income earned in other states, residency rules, and potential credits that may offset dual-state tax liabilities.