How to Correct Depreciation Errors on Financial Statements and Taxes
Learn how to identify and correct depreciation errors to ensure accurate financial reporting and tax compliance.
Investment and Financial Markets
If I Made $60,000, How Much Do I Owe in Taxes?
Understand how your taxable income, deductions, and tax brackets impact what you owe on a $60,000 salary, with insights on potential additional liabilities.
Can You Direct Deposit to a Credit Card?
Learn how direct deposit to a credit card works, which cards accept it, potential fees, and how long it takes for funds to become available.
Can You Claim a Dependent if You Owe Back Child Support?
Learn how back child support affects your ability to claim a dependent, potential tax refund offsets, and key considerations for accurate tax filing.
How to Claim a Hurricane Ian Casualty Loss Deduction on Your Taxes
Learn how to navigate the tax implications of Hurricane Ian losses, including eligibility, documentation, and filing requirements for a casualty loss deduction.
How to Pay Taxes on a Car: Steps, Deadlines, and Documentation
Understand the key steps to paying car taxes, including how to calculate the amount, submit payment, meet deadlines, and keep proper records.
Can I Switch Tax Preparers Midway Through the Process?
Switching tax preparers mid-process is possible but requires careful timing, document transfers, and awareness of fees and contractual terms.
Is Nonpassive Income From Schedule K-1 Taxable?
Understand how nonpassive income from Schedule K-1 is taxed, including key components like self-employment tax and Medicare surtax, and potential recharacterizations.
Can EDD Take Your Tax Refund for Overpayment Recovery?
Learn how the EDD may recover overpayments through tax refund offsets, the factors involved, and options for disputing or managing repayment.
Can I Get a Second Look at My Taxes?
Ensure accuracy on your tax return with a second review. Discover potential missed deductions, common errors, and when an amendment may be beneficial.
Can I Hire Myself as an Independent Contractor for My Own LLC?
Understand the legal and tax implications of hiring yourself as an independent contractor for your LLC, including classification, payments, and compliance.
Can I Open a CD in My Child’s Name? How It Works and What to Know
Learn how to open a CD for your child, manage custodial accounts, handle tax implications, and plan for future withdrawals with informed decision-making.
How to Talk to a Tax Professional for Expert Advice
Learn how to communicate effectively with a tax professional by preparing key financial details, asking focused questions, and understanding follow-up steps.
How to Write Off Farm Equipment on Taxes Effectively
Learn how to navigate tax deductions for farm equipment by understanding depreciation, expensing options, and proper documentation requirements.
My Husband Won’t Share Our Tax Refund. What Can I Do?
Navigating tax refund disputes with a spouse can be complex. Learn about ownership rights, legal options, and steps to take if your refund isn’t shared.
IA 1120 Filing Requirements and Key Information for Businesses
Understand IA 1120 filing requirements, key forms, and deadlines to ensure compliance and optimize tax reporting for your Iowa business.
How to Prepare a Dual-Status Tax Return Properly
Learn how to correctly file a dual-status tax return by understanding residency rules, income allocation, and required forms for compliance.
Is There a Gift Tax When Gifting to a Married Couple?
Understand how gift tax rules apply when giving to a married couple, including exclusions, exemptions, and filing requirements to ensure compliance.
Can I Delete My Tax Return and Start Again?
Learn when you can delete a tax return, when adjustments are a better option, and how timing and official confirmation impact the process.
Is an LLC Owned by a Trust a Disregarded Entity?
Learn how LLC ownership by a trust affects tax classification, reporting obligations, and whether it qualifies as a disregarded entity under IRS rules.