Investment and Financial Markets

Learn how to properly file and track a Backdoor Roth IRA conversion, including key tax details, Form 8606 reconciliation, and pro rata rule considerations.

Learn how to navigate tax filing as a first-time gig worker, from reporting income and deductions to managing self-employment taxes and estimated payments.

Learn how long state tax refunds typically take, factors that may affect processing times, and how to check the status of your return.

Explore how an implied life estate affects step-up in basis eligibility, considering tax treatment, ownership classification, and documentation requirements.

Learn how IND-116-01 affects e-file processes, including taxpayer identification, income reporting, and coordination with financial institutions.

Understand how 1099-NEC income is classified for tax purposes, its impact on self-employment taxes, and what it means for credits and reporting requirements.

Understand Arizona’s inheritance tax rules, federal thresholds, and exemptions to ensure compliance and maximize the value of your inherited assets.

Discover when a storage unit qualifies as a tax deduction, how to document expenses properly, and key considerations for business, rental, and mixed-use storage.

Understand how tax withholdings and deductions impact your take-home pay and learn how to adjust them for better financial planning.

Learn when season tickets may qualify as a tax deduction, the documentation required, and the limitations that could affect your eligibility.

Understand how relocation bonuses are taxed, including federal withholding, W-2 reporting, and state or international tax considerations.

Learn how your tax filing status impacts your tax rates, deductions, and eligibility for credits, helping you make informed financial decisions.

Understand the tax implications of receiving crypto as a gift, including cost basis, reporting rules, and potential tax liabilities when selling.

Receiving a letter from the Missouri Department of Revenue Taxation Division may relate to payment issues, tax adjustments, or verification requests.

Understand how boot is taxed in a 1031 exchange, including its impact on capital gains and tax liability, to ensure compliance and optimize your deferral strategy.

Understand how HSA funds apply to donor sperm expenses, including IRS guidelines, documentation needs, and potential tax implications.

Learn what IRS Schedule 2 is, who needs to file it, and how it affects your tax return, including additional taxes and available credits.

Learn where to enter your dependent’s IPPN number on official documents, how to update it if needed, and which forms may request this information.

Understand how income, deductions, and tax thresholds determine whether you owe taxes and what factors might impact your tax liability.