Investment and Financial Markets

Understand the role of a Tax ID in managing a revocable living trust and its implications for trustees and financial accounts.

Understand why your 401K rollover may be taxed as income and learn about the rules, timing, and reporting requirements involved.

Explore the tax implications of discrimination settlements, including federal rules and state requirements for different settlement components.

Learn how to easily access and manage your 1099-G form online in California through the EDD portal, ensuring accurate and timely tax reporting.

Explore how a raise impacts your taxes and take-home pay, including tax brackets, withholdings, and potential adjustments to credits.

Learn about Colorado’s Form 104, its filing requirements, residency rules, and submission methods to ensure accurate state tax reporting.

Learn how carrybacks can optimize your tax strategy by adjusting past returns and claiming eligible losses or credits efficiently.

Explore how paying off your mortgage might impact capital gains tax and learn about potential exclusions and cost basis adjustments.

Understand when you might receive a 1099-R even without withdrawing funds, including rollovers, recharacterizations, and other unique scenarios.

Understand the essentials of GDS and ADS depreciation methods for optimizing tax benefits on your rental properties.

Learn the essentials of reporting contributions to a resource management account, including structure, transactions, and tax obligations.

Learn about the implications and considerations of filing state taxes before federal taxes, including timing, adjustments, and refund impacts.

Learn which rental repair costs are deductible, how to file them, and the importance of proper documentation for tax efficiency.

Understand the essentials of filing MD Form 510 for pass-through entities, including tax obligations, apportionment, and compliance requirements.

Explore the financial implications and tax benefits of claiming your boyfriend as a dependent, including eligibility criteria and potential credits.

Discover why the IRS may send separate letters to spouses, focusing on individual records, tax liabilities, and personal information verification.

Discover the essentials of Amazon Flex as a 1099 job, including tax forms, income reporting, and deductible expenses for accurate financial management.

Understand IRS Notice CP162A, its implications, and learn how to effectively address and resolve this tax-related issue.

Understand the nuances between cost basis and adjusted cost basis to optimize your investment tax strategy and ensure accurate financial reporting.

Discover when coffee qualifies as a business expense, including scenarios, documentation, and reporting tips for accurate tax deductions.