Investment and Financial Markets

Understand the tax implications of medical marijuana, including eligibility for deductions, federal vs. state rules, and necessary documentation for reporting.

Understand how bonuses are classified for tax purposes, how they impact withholding, and how to report them correctly on your tax return.

Evaluate the financial, tax, and legal factors of abandoning a partnership interest to make an informed decision that aligns with your business goals.

Learn who needs to file Form 760CG, how different income sources impact filing, and the key documentation required for accurate submission.

Discover key details about 5045 E Butler Ave, Fresno, CA, including ownership records, zoning, and potential commercial use.

Understand the rules and tax implications of using a child’s 529 plan for non-education expenses, including potential penalties and alternative options.

Understand how Upwork fees fit into your business expenses, how to track them, and what to consider when reporting them on your tax return.

Learn how to categorize and calculate various expenses and losses to ensure accurate deductions while maintaining proper documentation for compliance.

Understand which closing costs can be added to your property’s basis for tax purposes and how proper record-keeping can impact future tax calculations.

Understand how bonus depreciation applies to inherited property, including eligibility, tax implications, and key considerations for accurate reporting.

Learn how your tax refund can be applied to back taxes, what other debts may impact it, and additional payment options to manage your tax obligations.

Understand the deductibility of composite tax payments for LLCs and partnerships, including key criteria, state tax considerations, and documentation requirements.

Learn how a 1099-R with Code P affects your tax return, its impact on prior filings, and the steps needed to correct or report it properly.

Understand how rental history affects your eligibility for the capital gains exclusion when selling a primary residence and the tax implications to consider.

Learn how to correctly prepare, submit, and verify W-2 and W-3 forms with the Social Security Administration to ensure accurate and timely processing.

Learn how to check your tax filing status, verify submission, and address any discrepancies using online tools and official resources.

Learn how Twitch streaming income is classified for tax purposes, when it qualifies as self-employment, and key steps for accurate income reporting.

Understand how the Married Filing Separately status affects education credits, eligibility rules, and documentation requirements for accurate tax filing.

Learn how to report other income on IRS Form 1040 Line 8z, understand its purpose, and avoid common mistakes when filing your tax return.