Investment and Financial Markets

Understand how IRAs impact Medicaid eligibility, including income considerations, spousal rules, and potential penalties for misreporting or noncompliance.

Understand whether staircase repairs qualify as tax-deductible expenses or capital improvements, and learn how proper documentation impacts tax treatment.

Learn practical strategies to maximize your tax refund by optimizing deductions, credits, and contributions while ensuring accurate record-keeping.

Understand how GI Bill benefits interact with tax laws, including reporting requirements and potential impacts on education-related tax credits.

Learn how to qualify for the senior tax credit, gather required documents, calculate eligibility, and claim it while considering other tax benefits.

Understand how an LLC for flipping houses is taxed, including income reporting and expense deductions, and whether it’s considered a dealer by the IRS.

Understand how special assessments are treated within SHST limits, including eligibility, calculation methods, exclusions, and documentation requirements.

Learn how Kansas’ 529 plan tax deduction works, including eligibility, contribution limits, and rules for qualified and nonqualified withdrawals.

Learn how partnerships can establish a SEP IRA for K-1 income, including eligibility, contribution rules, tax considerations, and administrative steps.

Understand how a life estate impacts property basis, capital gains, and tax treatment, including key conditions for a step-up and transfer considerations.

Learn how nondependent status affects tax credits, filing choices, and financial responsibilities to make informed decisions during tax season.

Learn how LLCs are taxed, whether they can claim the standard deduction, and what alternative tax benefits may be available for business owners.

Understand how the Section 179 business income limitation affects deductions, including key rules, income aggregation, and carryforward considerations.

Learn how South Carolina’s income tax system works, including who needs to file, available deductions, and how tax rates are determined.

Learn how to access your SoFi 1099 forms and integrate them with other income sources to ensure accurate and efficient tax filing.

Not everyone receives a 1040 form for taxes. Filing depends on income, tax status, and specific circumstances that may require a return.

Learn how to accurately report rental income, allocate expenses, and apply tax rules when converting an owner-occupied duplex into a rental property.

Understand New Jersey’s inheritance tax, including who is liable, beneficiary classifications, exemptions, and key filing requirements to ensure compliance.

Learn how to find, complete, and use the Schedule D Tax Worksheet PDF to accurately report capital gains, losses, and adjustments on your tax return.

Learn how to correctly complete Form 7023 by understanding its key components, required attachments, and proper submission procedures.