Is SUTA Paid by the Employer or the Employee?
Understand who is responsible for SUTA payments, how rates are determined, and key reporting requirements to ensure compliance with state unemployment taxes.
Investment and Financial Markets
Is Mortgage Payoff Considered a Selling Expense?
Understand how mortgage payoff is handled in a home sale, how it differs from other closing costs, and its potential tax implications.
ETF Wash Sale Rules: How They Impact Taxes and Investments
Understand how wash sale rules apply to ETFs, affecting tax efficiency and investment decisions, and learn key strategies for compliance and reporting.
How to File Other People’s Taxes: What You Need to Know
Learn the key requirements and responsibilities for filing taxes on behalf of others, including authorization, documentation, and record-keeping best practices.
What Is the Pershing Financial Institution Number and How Is It Used?
Learn how the Pershing financial institution number functions in account transfers, how to locate it on statements, and its role in brokerage transactions.
How to Get Rid of Lularoe Inventory and Manage Business Records
Learn effective strategies to clear out LuLaRoe inventory while maintaining accurate financial records and optimizing tax considerations for your business.
Where to Find the Correct Form 3115 Mailing Address
Learn where to mail Form 3115 based on your specific tax situation and how to ensure accurate delivery to the IRS.
Do I Need to Withhold Taxes for Foreign Contractors?
Understand your tax withholding responsibilities for foreign contractors, including classification, documentation, and potential treaty benefits.
How to Gift Property to Your Child: Key Steps and Tax Considerations
Understand the key steps, tax implications, and legal considerations when transferring property to your child to ensure a smooth and informed process.
How Do College Students Pay for Rent? Budgeting and Funding Options
Discover practical strategies college students use to cover rent, from budgeting techniques to funding sources that help manage housing costs effectively.
We Cannot Provide Any Information on Your Amended Return—What It Means and What to Do
Learn why the IRS may not have updates on your amended return and explore steps you can take to address potential delays or verification issues.
What Is Unrecovered Roth Contribution Basis?
Understand how unrecovered Roth contribution basis affects tax treatment, distributions, and recordkeeping to ensure accurate reporting and compliance.
Do I Still Pay Social Security Tax After Retirement?
Learn how Social Security taxes apply after retirement, including how earnings, freelance work, and tax withholding may affect your benefits.
Do I Need to File a 1042-S on My Tax Return?
Understand when a 1042-S form affects your tax return, who needs to file, and how to report income properly to stay compliant with IRS requirements.
USPS Rural Carrier Vehicle Reimbursement: What You Need to Know
Understand how USPS rural carriers receive vehicle reimbursement, including eligibility, calculation methods, documentation requirements, and tax considerations.
How to Use UPS for Shipping Tax Forms Safely and Efficiently
Learn how to securely and efficiently ship tax forms with UPS, including service options, packaging guidelines, delivery timing, tracking, and insurance details.
Military Capital Gains Exemption If Selling in Under 2 Years
Learn how military personnel may qualify for a prorated capital gains exclusion when selling a home in under two years due to relocation orders.
What Is the Depreciation Life of a Water Well?
Understand how water wells are classified for tax purposes, their depreciation timelines, and factors that influence their recoverable value over time.
Promissory Note Tax Implications: What You Need to Know
Understand the tax implications of promissory notes, including interest income, deductions, and compliance requirements to ensure proper reporting.
How to File an Amended 941 for Payroll Corrections
Learn how to accurately amend Form 941 to correct payroll reporting errors, ensure compliance, and properly document adjustments for IRS submission.