Do You Have to Pay Taxes on Workers’ Comp Benefits?
Understand the tax implications of workers’ comp benefits and how they interact with other income sources like Social Security and unemployment.
Investment and Financial Markets
Where to Find the Correct Form 3520 Mailing Address
Discover the correct mailing address for IRS Form 3520, including guidance for domestic and international filers. Ensure timely and accurate submission.
What Is a 5747c Notice and How Should You Handle It?
Understand the 5747c notice, its implications, and learn how to effectively manage your response and resolution process.
Why Did I Receive a Letter From PO Box 27503 Raleigh NC?
Discover why you received a letter from PO Box 27503 Raleigh NC and learn how to verify its authenticity and respond appropriately.
“529 Withdrawal Timing: Avoiding Tax Issues and Penalties”
Learn how to strategically time 529 withdrawals to avoid taxes and penalties while coordinating with financial aid.
Can I Write Off Glasses as a Business Expense?
Explore the nuances of deducting eyewear as a business expense, including criteria, documentation, and considerations for self-employed individuals.
Can a Trust Be the Beneficiary of a Life Insurance Policy?
Explore the benefits and considerations of naming a trust as a life insurance beneficiary, including trustee roles and tax implications.
What Is CASDI-E and How Does It Affect Your Payroll Taxes?
Understand CASDI-E’s impact on payroll taxes, including obligations, calculations, reporting, and steps to correct withholding errors.
How to Calculate Mortgage Interest Deduction for Your Tax Return
Learn how to accurately calculate your mortgage interest deduction to optimize your tax return and ensure compliance with IRS guidelines.
Can You Claim a Tax Credit for Homeschooling Expenses?
Explore the potential for tax credits on homeschooling expenses, including eligibility, documentation, and filing tips.
What Is the Standard Per Diem Meal Allowance?
Understand the essentials of per diem meal allowances, including eligibility, calculation methods, and tax reporting requirements.
Can You Use a 529 Plan to Pay Off Student Loans?
Explore how 529 plans can be utilized for student loan repayment, including federal tax rules and state-level variations.
What If My Employer Doesn’t Give Me a 1099? Here’s What to Do
Learn how to navigate tax filing without a 1099 from your employer, understand your responsibilities, and ensure compliance with IRS regulations.
What Bank Does the IRS Use for Direct Deposit?
Discover how the IRS processes direct deposits, including insights into the US Treasury’s role and tips for verifying your transactions.
Is Life Insurance Deductible on Schedule C for Self-Employed Individuals?
Explore the nuances of life insurance deductibility for self-employed individuals and understand the criteria and procedures for Schedule C reporting.
How to Split a Tax Refund With Your Spouse
Learn effective strategies for equitably dividing a tax refund with your spouse, considering income, budget, and record-keeping essentials.
Shipt Taxes: What You Need to Know About Reporting and Deductions
Navigate Shipt taxes with ease by understanding reporting, deductions, and essential recordkeeping for self-employed individuals.
C Corp Salary 60/40 Rule: Balancing Wages and Dividends
Explore the 60/40 rule for C Corps to effectively balance wages and dividends, ensuring compliance and optimizing tax benefits.
What Happens If I File Single When Married but Separated?
Explore the implications and options for filing taxes as single when married but separated, including potential impacts and how to correct errors.
New Home Buyer Tax Credit: Eligibility, Filing, and Key Details
Explore the essentials of the new home buyer tax credit, including eligibility, calculation, filing, and compliance to maximize your benefits.