Rental Property Improvements Depreciation Life: What You Need to Know
Understand the nuances of rental property improvements and their depreciation life to optimize your investment strategy and tax benefits.
Investment and Financial Markets
Is the Most Recent Tax Year Last Year’s Return or This Year’s?
Understand how to identify the most recent tax year and navigate filing deadlines, pending returns, and necessary documentation.
If I Work From Home, Can I Deduct Rent?
Explore how working from home can impact your ability to deduct rent, including requirements and calculation methods.
Can Ordinary Losses Offset Capital Gains? Here’s What to Know
Learn how ordinary losses can offset capital gains, including calculation steps and reporting requirements for effective tax management.
How to Resolve E-File Reject Code SEIC-F1040-535-04
Learn how to address E-File Reject Code SEIC-F1040-535-04 by understanding common issues with dependents and filing information.
New York Taxable Income From Line 37: How to Locate and Calculate It
Understand how to find and calculate New York taxable income from Line 37, including unique adjustments and differences from federal calculations.
Can You File Taxes for Two Jobs Separately or on One Return?
Learn how to efficiently file taxes with multiple jobs, understand withholding adjustments, and manage state returns for different work locations.
What Can a 529 Be Used For? Qualified Expenses Explained
Explore the versatile uses of a 529 plan, from higher education to loan repayment, and maximize its benefits for your educational needs.
What Is the 1099-INT Minimum and Do You Need to Report It?
Understand the 1099-INT reporting requirements, including thresholds, sources, and tax implications for interest income.
Can You Write Off Car Repairs on Your Taxes?
Learn how to navigate tax codes to determine if your car repair expenses can be deducted, and understand the importance of proper documentation.
Does Student Loan Forgiveness Affect Your Taxes?
Explore how student loan forgiveness impacts your taxes, including federal and state rules, filing requirements, and joint filing considerations.
Qualified vs Ordinary Dividends: Key Differences and Tax Implications
Understand the distinctions between qualified and ordinary dividends, their tax implications, and how they affect your investment strategy.
How to Follow Form 8990 Instructions for Business Interest Deductions
Navigate Form 8990 with ease to optimize your business interest deductions, understand eligibility, and avoid common filing mistakes.
Do You Send a 1099 to an S Corp for Business Payments?
Understand when to issue a 1099 to an S Corp for business payments and ensure compliance with tax regulations.
Can You Pay Grandparents for Childcare and Claim the Tax Credit?
Explore how to navigate tax credits when paying grandparents for childcare, including qualification rules and necessary documentation.
What Is the Basis of Retirement Income on PA Tax Returns?
Understand how Pennsylvania tax rules affect retirement income, including basis mechanics, filing requirements, and the impact of rollovers or conversions.
What Is the Business Code for Coaching?
Discover how to accurately classify your coaching business for compliance and tax efficiency, avoiding common pitfalls and ensuring proper updates.
What Is DST-AMS AGT for Retirement Solution?
Explore how DST-AMS AGT streamlines retirement account management, from onboarding to compliance, enhancing efficiency and participant experience.
What Does “Refund Approved” Mean for Your Tax Return?
Understand the implications of “Refund Approved” on your tax return, including timelines, potential adjustments, and steps to confirm receipt.
How to Report the Sale of a Rental Property
Learn the essentials of reporting a rental property sale, including basis adjustments, depreciation, and filing requirements for accurate tax reporting.