How Much Can I Contribute to a SEP IRA?
Discover the factors influencing SEP IRA contributions, including limits and deadlines, to optimize your retirement savings strategy.
Investment and Financial Markets
When Will K-1 Forms Be Available for Tax Filing?
Learn about the availability of K-1 forms, potential delays, and how to manage your tax filings effectively.
1099-K vs 1099-MISC: Key Differences and Reporting Rules
Understand the distinctions and reporting requirements between 1099-K and 1099-MISC to ensure accurate tax filing.
1099-MISC Medical and Health Care Payments: What You Need to Know
Understand the essentials of 1099-MISC for medical payments, including roles, required categories, exemptions, and filing procedures.
Are Meal and Entertainment Expenses Tax-Deductible for Businesses?
Explore the nuances of tax-deductible meal and entertainment expenses for businesses, including limits and recordkeeping essentials.
Do Alaskan Children Pay Taxes on Their Permanent Fund Dividend?
Explore the tax implications for Alaskan children receiving the Permanent Fund Dividend, including federal reporting and potential state obligations.
What Is the Depreciation Life of a Retaining Wall?
Understand how to determine the depreciation life of a retaining wall and the factors influencing its financial treatment and lifespan.
Do I Have to Claim My Child as a Dependent if They Are on My Insurance?
Understand the nuances of claiming your child as a dependent while they are on your insurance, including tax implications and eligibility criteria.
Are CDs Taxed as Capital Gains or Interest Income?
Understand how CDs are taxed, focusing on interest income versus capital gains, and explore implications of early withdrawals and secondary market sales.
When Does the Lifetime Learning Credit Phase Out?
Discover how income levels and filing status affect the Lifetime Learning Credit eligibility and learn the steps to calculate your potential credit.
Why Is My 1098-T Not Available and What Can I Do About It?
Discover common reasons for 1098-T unavailability and explore practical steps to resolve issues with your educational tax form.
If You Sell a Mobile Home, Do You Have to Claim It on Your Taxes?
Understand the tax implications of selling a mobile home, including how to calculate gains, exemptions, and the importance of proper documentation.
We Processed Your Amended Return. What Happens Next?
Discover what to expect after your amended tax return is processed, including potential adjustments and how to track your return’s status.
How to Get Proof of Address for a Child
Learn how to obtain proof of address for a child using various documents and verification methods, ensuring compliance with requirements.
Failure to Pay Proper Estimated Tax: Why the IRS May Penalize You
Learn why the IRS may penalize you for not paying estimated taxes and explore ways to reduce potential penalties.
How to Report Fellowship Income on Your Taxes
Learn how to accurately report fellowship income on your taxes, manage educational expenses, and fulfill your tax obligations efficiently.
Are Co-Op Assessments Tax Deductible?
Explore the nuances of co-op assessment tax deductions, including what portions may be deductible and how to document expenses effectively.
Can You Write Off Insurance Premiums on Your Taxes?
Explore how different insurance premiums can be deducted on your taxes, with insights for both self-employed individuals and employees.
How to Get More Taxes Taken Out of My Paycheck
Learn effective strategies to adjust your paycheck withholding for better tax management and financial planning.
What Is K-1 Box 16 Code D and How Does It Affect Your Taxes?
Understand how K-1 Box 16 Code D impacts your tax filing, especially for foreign income and multi-country allocations.