Investment and Financial Markets

Learn whether YMCA summer camp fees qualify for child care tax benefits, key eligibility factors, and how to document expenses for potential savings.

Understand how the sale of a partnership interest is reported on a K-1, including tax implications, capital account adjustments, and gain or loss calculations.

Understand how free rent is classified for tax purposes, including potential income implications for occupants and reporting responsibilities for property owners.

Understand how municipal bond interest is treated for tax purposes, including federal rules, state variations, and potential exceptions.

Learn how to determine if you have a Mortgage Credit Certificate by reviewing loan documents, tax records, and consulting lenders or housing agencies.

Understand the tax treatment of covered calls, including premium income, holding periods, expiration, assignment, and reporting requirements.

Learn how to confirm if you have Marketplace insurance by reviewing key documents, online accounts, and official correspondence.

Understand the tax implications of employee gifts, including deductibility rules, reporting requirements, and how to distinguish gifts from taxable compensation.

Find the correct mailing address for filing taxes with the Hawaii Department of Taxation, including locations for different tax types and in-person assistance.

Understand when hospice care expenses may be tax deductible, how to document costs properly, and what factors influence eligibility for medical deductions.

Learn why your $1400 stimulus check may have been taken by the IRS, including income limits, debt offsets, and tax filing issues that could affect eligibility.

Learn how to report an IRA distribution for education expenses, ensure compliance with tax rules, and claim potential penalty exceptions.

Understand the key differences between SUI and UI, including coverage, funding, and employer responsibilities, to ensure compliance and accurate payroll management.

Understand the key differences between ISOs and ESPPs, including tax timing, eligibility, and AMT implications, to make informed equity compensation decisions.

Understand how vision insurance fits into tax deductions, including eligibility, documentation, and the impact of pre-tax and post-tax payments.

Explore key factors in selecting an advance tax payment option, including timing, methods, adjustments, and potential penalties to ensure compliance.

Learn the essential steps to close your small business properly, from legal requirements to financial obligations, ensuring a smooth and compliant transition.

Understand how scholarship income affects your taxes, which expenses qualify for tax-free status, and how to accurately report it to avoid potential issues.