Does Renting a Room Count as Rental History?
Learn how renting a room factors into rental history, its impact on future housing applications, and what documentation may be needed to verify payments.
Investment and Financial Markets
NJ Underpayment Penalty: What It Is and How to Avoid It
Learn how New Jersey’s underpayment penalty works, factors that influence it, and steps to minimize or avoid additional tax liabilities.
Sale of Vacation Rental Home Tax Rules Explained
Understand the tax implications of selling a vacation rental, including depreciation recapture, capital gains treatment, and key documentation requirements.
S Corp Business Loan: What to Know About Financing and Repayment
Understand key factors in securing and repaying an S Corp business loan, including lender requirements, tax implications, and corporate recordkeeping.
Does a Sole Proprietorship Have Double Taxation?
Learn how sole proprietorships are taxed, how they differ from double taxation, and what additional tax obligations may apply to business owners.
Schedule C: Lower of Cost or Market Explained for Inventory Adjustments
Learn how the lower of cost or market (LCM) method impacts inventory valuation and tax reporting on Schedule C, with key insights on calculations and compliance.
Can Savings Accounts Be Used for Direct Debit Transactions?
Understand how savings accounts handle direct debits, including bank policies, balance requirements, and potential fees that may affect your transactions.
What Does a Green Balance Mean in the Georgia Tax Center?
Understand what a green balance means in the Georgia Tax Center, how it relates to payments and refunds, and steps to ensure your account is accurate.
I Paid My Taxes but Got a Bill From the IRS. What Should I Do?
Receiving an unexpected IRS bill after paying taxes can be confusing. Learn common reasons for discrepancies and steps to resolve them efficiently.
How to Report Wages on Schedule C for Your Business
Learn how to accurately report wages on Schedule C, differentiate employee pay from owner compensation, and ensure compliance with tax and recordkeeping rules.
Does Ohio Have Reciprocity With Pennsylvania for State Taxes?
Learn how Ohio and Pennsylvania’s tax reciprocity agreement affects withholding, filing requirements, and local taxes for residents working across state lines.
Can You Claim a Gluten-Free Food Tax Deduction?
Learn how the tax code treats gluten-free food expenses, what qualifies for a deduction, and the documentation needed to support your claim.
Does Navy Federal Do Taxes and Offer Tax Filing Assistance?
Learn about Navy Federal’s tax-related resources, including refund direct deposit options and access to essential tax documents for members.
Does Filing Taxes Jointly Affect Student Loans?
Explore how filing taxes jointly impacts student loan payments, deductions, and repayment plans, and what to consider before making a decision.
State and Local Tax Greater Than $10,000: What It Means for Your Taxes
Understand how the $10,000 SALT deduction limit affects your tax filing, particularly in high-tax states, and explore strategies for managing deductions.
How to File Arizona Form 140PY for Partial-Year Residents
Learn how to accurately file Arizona Form 140PY as a partial-year resident, including income allocation, deductions, and key filing requirements.
If I Have an EIN, Do I Have to File Taxes?
Having an EIN doesn’t always mean you must file taxes. Learn how entity type, federal and state rules, and personal income separation affect your obligations.
Special Tax Treatment for 401k and 403b Plans Explained
Understand the unique tax advantages of 401(k) and 403(b) plans, including contribution rules, employer matches, rollover options, and distribution requirements.
S Corp Tax Election: Filing Requirements, Deadlines, and Common Mistakes
Learn how to navigate S Corp tax election rules, key deadlines, and common pitfalls to ensure compliance and optimize your business’s tax strategy.
What to Know About a PAA K-1 From a Publicly Traded Partnership
Understand how a PAA K-1 from a publicly traded partnership affects your taxes, including income reporting, basis adjustments, and state filing considerations.