Is Pro Bono Work Tax Deductible? What You Need to Know
Explore the nuances of tax deductions for pro bono work, including eligible expenses and proper documentation for charitable contributions.
Investment and Financial Markets
Do You Have to Report 401k on Taxes? Here’s What to Know
Understand the tax reporting requirements for 401k plans, including traditional, Roth, distributions, rollovers, and potential non-reporting consequences.
How to Use a Grantor Tax Information Letter for Tax Reporting
Learn to effectively utilize a Grantor Tax Information Letter for accurate tax reporting and compliance with federal requirements.
What Happens if You Pay Back a Gifted Down Payment?
Explore the implications of repaying a gifted down payment, including potential tax effects and changes in mortgage classification.
Is an IRA RMD Considered a Qualified Distribution?
Explore the nuances of IRA RMDs, their tax implications, and how they differ from qualified distributions.
Do You Have to Pay Taxes on Land You Sell That You Inherited?
Learn how taxes apply to inherited land sales, including capital gains calculations and potential deductions.
Is There a Medicare Tax on Capital Gains?
Explore how Medicare taxes apply to capital gains, including thresholds, types of gains, and filing requirements for accurate tax planning.
Did You Inherit This HSA? Key Rules and Tax Implications
Navigate the complexities of inheriting an HSA with insights on tax implications, beneficiary rules, and administrative requirements.
How to Handle a Corrected 1099-NEC Form
Learn how to manage a corrected 1099-NEC form, understand its tax implications, and ensure accurate recordkeeping to avoid potential penalties.
Where Can I Find My Depreciation Report for Assets?
Discover how to locate and understand your asset depreciation reports, including key data and tips for obtaining updated documents.
Can a Non-Custodial Parent Qualify for a Tax Credit?
Explore how non-custodial parents can qualify for tax credits by understanding custody distinctions, child eligibility, and filing requirements.
Can I File My Taxes Before January 29th?
Learn about the considerations and steps involved in filing your taxes before the official IRS start date.
Robinhood State ID Number: Where to Find It and Why It Matters
Discover the importance of your Robinhood State ID Number, how to locate it, and its role in meeting essential filing requirements.
Reject Code IND-508-01: What It Means and How to Fix It
Resolve IRS e-file error IND-508-01 with insights on spousal ID conflicts, AGI mismatches, and filing status issues.
How to File Taxes for a Deceased Parent
Learn the steps to efficiently manage and file taxes for a deceased parent, ensuring compliance and addressing any financial obligations.
How to Waive a Substantial Tax Understatement Penalty
Learn how to navigate and potentially waive a substantial tax understatement penalty with strategic insights and practical steps.
Can You File Personal and Business Taxes Separately?
Explore the nuances of filing personal and business taxes separately, including entity-specific approaches and essential documentation.
IRA Withdrawal Rules and Considerations After Age 80
Explore essential IRA withdrawal rules and considerations for individuals over 80, focusing on timing, tax implications, and income adjustments.
How to Find Your Spouse’s AGI on a Tax Return
Learn how to locate your spouse’s AGI on various tax returns, whether filed jointly, separately, or as head of household.
How to Report Tax Exempt Non-Qualified Interest
Learn the process of reporting tax-exempt non-qualified interest, including classification, federal steps, and state considerations.