When Do You Pay Capital Gains Tax on Real Estate Sales?
Understand the timing and requirements for paying capital gains tax on real estate sales, including differences for primary residences and installment sales.
Investment and Financial Markets
How Much of Your Property Taxes Are Tax Deductible?
Discover the nuances of property tax deductions, including guidelines, criteria, and documentation for both residential and non-residential properties.
Why Is My State Refund So High? Common Reasons Explained
Discover the factors that can lead to a higher state tax refund, from filing adjustments to unexpected credits and more.
Tax Topic 151 But I Don’t Owe Money: What Does It Mean?
Understand why you might receive a Tax Topic 151 notice without owing money and learn how to address potential adjustments and ensure accurate tax records.
Live in NY, Work in NJ: How to File Your State Taxes
Navigate the complexities of filing taxes when living in NY and working in NJ with this comprehensive guide on residency, income allocation, and credits.
What Is the 1099 Account Number and Why Is It Important?
Understand the role of the 1099 account number in tax reporting and its importance for accurate and consistent financial record-keeping.
What Is a Principal Business Code and How Do You Find the Right One?
Discover how to identify the correct principal business code for accurate tax reporting and avoid potential filing issues.
How Long Does It Take for State Taxes to Be Accepted?
Discover the factors influencing the acceptance time of state taxes, from filing methods to processing steps and potential delays.
Do I Need a Business License if I Have an LLC?
Understand the licensing requirements for LLCs, including state, local, and industry-specific permits, to ensure compliance and avoid penalties.
If I Make $32,000 a Year, How Much Will My Tax Return Be?
Explore how various factors like filing status, deductions, and credits influence your tax refund on a $32,000 annual income.
Is It Better to File Separately if One Spouse Is on Social Security?
Explore the benefits and drawbacks of filing taxes separately when one spouse receives Social Security, focusing on taxation and potential savings.
Do I Have to File Taxes for DoorDash if I Made Less Than $600?
Understand your tax obligations for DoorDash earnings under $600, including reporting requirements, deductions, and the importance of accurate recordkeeping.
Can I Claim My Rent on My State Taxes?
Learn how to determine eligibility and navigate the process of claiming rent on your state taxes, including documentation and residency considerations.
Does the IRS Update Refund Status on Weekends?
Learn how the IRS updates refund statuses, including weekend cycles, and understand potential reasons for any delays.
What Is the Penalty for Filing a 1099 Without a Social Security Number?
Learn about the implications and penalties of filing a 1099 without a Social Security Number, including fines and IRS notices.
How to Write Off a Car for Business or Personal Use
Learn how to effectively write off your car expenses, whether for business or personal use, with practical deduction strategies and documentation tips.
Do State and Federal Taxes Come Separately or Together?
Understand how state and federal taxes are processed, paid, and tracked, including timelines and methods for managing your tax obligations.
Is Therapy Tax Deductible? What You Need to Know
Discover the nuances of claiming therapy as a tax deduction, including medical expense classification and coordination with HSAs and FSAs.
Am I Considered a Full-Time Student by the IRS?
Understand the IRS criteria for full-time student status and its impact on tax returns and dependent claims.
Are Food Costs Qualified Expenses Under a 529 Plan?
Explore how food expenses fit into 529 plans, covering on-campus dining, grocery costs, and essential documentation.