Investment and Financial Markets

Learn how 529 plan contributions are treated in Tennessee, including tax implications, withdrawal rules, and key considerations for account holders.

Understand Michigan’s use tax, when it applies, how to calculate it, and key compliance steps to avoid penalties and ensure proper recordkeeping.

Learn when you can deduct mileage for business use, even if you don’t own the car, and how to choose between standard mileage and actual expenses.

Learn which types of interest income are tax-exempt in California, how residency affects exemptions, and the filing requirements to ensure compliance.

Understand when individuals must file Form 8300 for large cash transactions, key thresholds, deadlines, and compliance requirements to avoid penalties.

Learn how changing your tax filing status from joint to separate (or vice versa) affects deductions, credits, and dependent claims from year to year.

Learn when you can claim exempt from state taxes, how to file correctly, and the importance of accurate documentation to avoid potential issues.

Understand how travel nurses handle state taxes, including residency rules, income allocation, and potential credits to avoid double taxation.

Understand when distributions from a traditional individual retirement annuity IRA must begin, how amounts are calculated, and key tax and penalty considerations.

Learn the best way to assemble and submit your tax return to ensure proper processing, avoid delays, and keep your documents organized.

Understand how a UCO K-1 impacts your tax filing, including income reporting, deductions, state considerations, and potential adjustments.

Learn how blocking federal tax withholding affects your paycheck, tax liability, and compliance, and explore key considerations before making this election.

Understand the implications of receiving a 1099-R from US Bank NA, how to report it correctly, and key considerations for taxes, withholding, and rollovers.

Understand your tax obligations for a K-1, even with no income. Learn when reporting is required and how to handle different filing scenarios.

Learn how taxable income is determined, adjusted, and reported on tax forms to better understand your tax obligations and financial planning.

Discover which expenses you can itemize on your tax return and how they may impact your overall tax liability. Learn key considerations for maximizing deductions.

Understand how IRAF contributions impact your tax figures, adjust your taxable income, and ensure accurate reporting for a clearer financial picture.

Learn which closing costs can be added to your property’s basis to optimize tax benefits and gain a clearer understanding of your investment.