Is IRS2Go Legit? How to Verify the App’s Authenticity
Learn how to verify the authenticity of the IRS2Go app by checking official sources, understanding its functions, and avoiding common misconceptions.
Investment and Financial Markets
Do I Need to Send 1099-B to the IRS? Here’s What to Know
Understand how 1099-B reporting works, when to include it on your tax return, and the potential impact of missing this information with the IRS.
Is Foreign Income Subject to Self-Employment Tax?
Understand how self-employment tax applies to foreign income, including exclusions, tax treaties, and reporting requirements to ensure compliance.
Do I Put the Zeros in My Account Number for Direct Deposit?
Ensure accurate direct deposit setup by understanding when to include leading zeros in your account number and how to verify details with your bank.
How to Handle an NOL for an LLC and Carry It Forward
Learn how LLCs can manage net operating losses (NOLs), carry them forward, and meet reporting requirements while considering entity structure differences.
What Can You Write Off When Selling a House?
Discover which selling expenses you can deduct from your home sale to reduce taxable gains and improve your financial outcome.
Do Disabled Veterans Pay Capital Gains Tax on Property Sales?
Learn how capital gains tax applies to disabled veterans, including potential exemptions, filing requirements, and state-level considerations.
What Income Does Not Need to Be Reported to the IRS?
Learn which types of income may not need to be reported to the IRS and how tax rules apply to gifts, inheritances, scholarships, and other exclusions.
Medical Student Tax Returns: What You Need to Know
Understand key tax considerations for medical students, including deductions, credits, and income reporting, to ensure an accurate and beneficial tax return.
What If I Make a Mistake on My Tax Return? Here’s What to Do
Making a mistake on your tax return isn’t uncommon. Learn how to address errors, understand potential adjustments, and respond to tax agency notices.
What Financial Aid Options Are Available for Students Working Toward a Bachelor’s Degree?
Explore financial aid options for bachelor’s students, including loans, grants, tax benefits, and forgiveness factors to help manage education costs.
Did You Pay Points When You Took Out the Loan? Here’s What to Know
Understand how loan points impact your payments, tax deductions, and financial records to make informed decisions about your mortgage or refinance.
What Is Reported on Form 941 for Employers?
Learn what employers need to report on Form 941, including wages, taxes, and adjustments, to ensure accurate payroll tax filings with the IRS.
Do I Issue a 1099 for a Vehicle Purchase?
Understand when a 1099 form is required for a vehicle purchase, which form applies, and the potential consequences of not filing correctly.
Is Depreciation a Tax Deduction? How It Impacts Your Tax Return
Learn how depreciation reduces taxable income, the methods available, and why proper recordkeeping is essential for maximizing tax benefits.
How to Handle DJ Taxes and Report Your Income Properly
Learn how to manage your DJ income, track expenses, and navigate tax requirements to stay compliant and maximize deductions.
How Does the NH Car Tax Work and What Should You Know?
Understand how New Hampshire’s car tax is calculated, what affects the cost, payment requirements, potential deductions, and key deadlines to keep in mind.
Do I Have to Pay Taxes When I Sell My RV?
Understand the tax implications of selling your RV, including how use classification, profit calculation, and local regulations may affect your obligations.
What Happens After 27.5 Years of Depreciation on a Rental Property?
Understand the financial and tax implications of a fully depreciated rental property and explore your options for managing or selling the investment.
What Happens If You Die Owing Taxes? Who Pays and How?
Unpaid taxes don’t disappear after death—they become part of the estate’s obligations. Learn how tax debts are handled and who may be responsible.