Where to Find MAGI on Tax Forms and How It Differs From AGI
Understand how to locate MAGI on tax forms and its differences from AGI, including key adjustments that affect your taxable income.
Investment and Financial Markets
Sprintax Reviews: Is It the Right Tax Filing Service for You?
Discover if Sprintax is the ideal tax filing solution for nonresidents with insights on features, pricing, security, and user feedback.
Who Claims Parent PLUS Loans on Taxes?
Understand the tax implications of Parent PLUS Loans, including interest deductions, filing guidelines, and common misconceptions.
Where’s My Amended Return? Take Action on Extension 623
Learn how to navigate Extension 623 for amended returns, verify status, and gather necessary documentation for a smooth resolution.
Does Compensation of Officers in a C Corp Need to Be Fully Reported?
Explore the nuances of reporting officer compensation in a C Corp, including wages, dividends, and non-wage elements for tax compliance.
Who Issues 1099-S Forms for Real Estate Transactions?
Discover who is responsible for issuing 1099-S forms in real estate, the required information, and the importance of compliance.
Where Do I Report Deferred Income Payment on a 1099?
Learn how to accurately report deferred income payments on a 1099, ensuring compliance and clarity in your financial records.
Is SBA EIDL Loan Interest Tax Deductible?
Explore the nuances of SBA EIDL loan interest deductibility, including criteria, documentation, and factors that may impact your tax situation.
Do You Have to Pay Taxes on a 1099-S?
Understand the tax implications of receiving a 1099-S form and learn how to accurately report property transactions on your tax return.
Is a Substitute Form 1099-S the Same as an Official 1099-S?
Explore the differences between substitute and official 1099-S forms, including requirements and compliance with reporting deadlines.
What Is California Source Income and How Is It Determined?
Understand how California determines source income, including wages, business profits, rental income, capital gains, and royalties.
How to Handle a Schedule C Loss Carryforward Effectively
Learn strategies for managing Schedule C loss carryforwards, including allocation, tracking adjustments, and understanding filing requirements.
Can a Step Parent Claim a Child on Taxes?
Explore the criteria and requirements for step parents to claim a stepchild as a dependent on taxes, ensuring compliance and eligibility.
Why Did I Receive a 1099-S for Gross Proceeds From Selling My Home?
Understand the reasons for receiving a 1099-S after selling your home and learn how to accurately report the transaction on your tax return.
What Is the Business Code for Shipt on Tax Documents?
Learn how to accurately identify and update the business code for Shipt on tax documents to ensure compliance and consistency.
Is Social Security Taxable in Georgia? What You Need to Know
Discover how Social Security benefits are taxed in Georgia, including exemptions, eligibility impacts, and filing rules for residents.
Is AAA Membership Tax Deductible for Your Business?
Discover if your AAA membership can be a deductible business expense and learn about documentation and entity-specific implications.
Where Do I Send My KY State Tax Payment?
Learn the best methods for sending your KY state tax payment, including mailing, online options, and ensuring your payment is received.
Why Did I Receive a PT-100 Form From the Department of Revenue?
Understand why you received a PT-100 form from the Department of Revenue and learn the steps to take for accurate filing and compliance.
What Is a VPS Tax Service Fee and How Does It Affect You?
Understand VPS tax service fees, their impact on your finances, and how to manage them effectively in your tax filings.