Does Getting a Raise Affect Taxes and Your Take-Home Pay?
Explore how a raise impacts your taxes and take-home pay, including tax brackets, withholdings, and potential adjustments to credits.
Investment and Financial Markets
What Is Form 104 Colorado and Who Needs to File It?
Learn about Colorado’s Form 104, its filing requirements, residency rules, and submission methods to ensure accurate state tax reporting.
What Is a Carryback and How Does It Work for Tax Claims?
Learn how carrybacks can optimize your tax strategy by adjusting past returns and claiming eligible losses or credits efficiently.
Can You Avoid Capital Gains by Paying Off Your Mortgage?
Explore how paying off your mortgage might impact capital gains tax and learn about potential exclusions and cost basis adjustments.
Will I Get a 1099-R if I Didn’t Withdraw Any Money?
Understand when you might receive a 1099-R even without withdrawing funds, including rollovers, recharacterizations, and other unique scenarios.
GDS and ADS Depreciation: What You Need to Know for Rental Properties
Understand the essentials of GDS and ADS depreciation methods for optimizing tax benefits on your rental properties.
Can You File State Taxes Before Federal Taxes?
Learn about the implications and considerations of filing state taxes before federal taxes, including timing, adjustments, and refund impacts.
Rental Repairs: What Costs Are Deductible and How to File Them
Learn which rental repair costs are deductible, how to file them, and the importance of proper documentation for tax efficiency.
Do I Need to File MD Form 510 for My Pass-Through Entity?
Understand the essentials of filing MD Form 510 for pass-through entities, including tax obligations, apportionment, and compliance requirements.
Why Would the IRS Send Separate Letters to Spouses?
Discover why the IRS may send separate letters to spouses, focusing on individual records, tax liabilities, and personal information verification.
Is Amazon Flex a 1099 Job? What You Need to Know
Discover the essentials of Amazon Flex as a 1099 job, including tax forms, income reporting, and deductible expenses for accurate financial management.
What Is CP162A and How Do You Handle This IRS Notice?
Understand IRS Notice CP162A, its implications, and learn how to effectively address and resolve this tax-related issue.
Cost Basis vs Adjusted Cost Basis: What’s the Difference?
Understand the nuances between cost basis and adjusted cost basis to optimize your investment tax strategy and ensure accurate financial reporting.
Can I Write Off Coffee as a Business Expense?
Discover when coffee qualifies as a business expense, including scenarios, documentation, and reporting tips for accurate tax deductions.
Paying Taxes on an Antique Booth: What You Need to Know
Navigate the tax implications of running an antique booth, from sales tax to self-employment obligations, ensuring compliance and maximizing profits.
What Is a W-8BEN-E Form and Who Needs to File It?
Understand the W-8BEN-E form, its purpose, who must file it, and the steps for accurate completion to ensure compliance with tax regulations.
Are You or Your Spouse a Non-Resident Alien? Filing Status Explained
Understand the tax implications and filing options for couples with a non-resident alien spouse, including deductions and state-level considerations.
Is Pest Control Tax Deductible for Your Home or Rental Property?
Explore the tax implications of pest control expenses for homes and rental properties, including deduction criteria and documentation tips.
My Tax Preparer Charged Too Much. What Can I Do About It?
Discover steps to address concerns about high tax preparation fees, including invoice review, communication, and market rate assessment.
How Do I Pay My NC State Taxes? A Complete Overview of Payment Options
Explore various methods to pay your NC state taxes, understand deadlines, and learn about installment plans and extensions.