What Happens If You Miss a Quarterly Estimated Tax Payment?
Learn about the implications of missing a quarterly estimated tax payment, including penalties, interest, and potential effects on your tax situation.
Investment and Financial Markets
How to Calculate Qualified Business Income for Your Business
Learn how to accurately calculate Qualified Business Income for your business, ensuring compliance and maximizing potential tax benefits.
Tax Return Rejected: What to Do If Your SSN Was Already Used
Learn steps to resolve a rejected tax return due to SSN issues, including verification, correction, and addressing potential identity theft.
What Is Form 8582-CR and When Do You Need It?
Learn about Form 8582-CR, its role in managing passive activity credits, and when it’s necessary for your tax filings.
I Filed My Taxes on January 29th. When Will I Get My Refund?
Discover the steps and timelines involved in receiving your tax refund after filing, including tracking methods and handling potential adjustments.
Can You Report Casual Labor Under $600 Without a 1099?
Learn how to report casual labor income under $600 without a 1099, including documentation tips and IRS guidelines for non-employee services.
How Do I Know If My Tax Return Was Approved?
Learn how to verify your tax return approval status, understand notification processes, and navigate potential delays effectively.
What Are the Main Business Write-Off Categories?
Discover key business write-off categories to optimize tax savings and enhance financial efficiency for your company.
When Filing Taxes Jointly, Do Both Spouses Need to File Separately?
Explore the benefits and considerations of filing taxes jointly, including income consolidation, deductions, and state return nuances.
Should I Use a Tax Credit for Health Insurance?
Explore the benefits and considerations of using a tax credit for health insurance to make informed financial decisions.
How Are RSUs Taxed When Sold? A Breakdown of Key Factors
Understand the tax implications of selling RSUs, including income taxes, cost basis, and reporting requirements.
What Is Payer’s State Number on a 1099-NEC and Why Is It Important?
Understand the significance of the payer’s state number on a 1099-NEC for accurate state income filing and how to address its absence.
Loan Origination Fee vs Points: Key Differences and Tax Implications
Understand the distinctions between loan origination fees and points, their cost implications, and potential tax considerations.
How to Find Your Account Number Without a Check
Discover simple methods to locate your bank account number using digital tools and services without needing a physical check.
What Does IRS Code 571 Mean on Your Tax Transcript?
Understand IRS Code 571 on your tax transcript, its implications for your refund, and steps to verify and address it with tax authorities.
Why Isn’t My Pension Income Showing on Line 5a of Form 1040?
Understand why your pension income might not appear on Line 5a of Form 1040 and learn how to address common reporting issues effectively.
How to Accurately Complete Schedule M1W for Tax Withholding
Learn the essentials of accurately completing Schedule M1W for tax withholding, including requirements, documentation, and filing procedures.
Is Rent Tax Deductible in California? What You Need to Know
Explore the nuances of rent tax deductions in California, including eligibility for renter’s credit and business rental expenses.
How to Handle HSA Excess Contribution Correction
Learn how to correct excess HSA contributions, avoid penalties, and adjust your tax returns effectively.
Will I Get a Tax Refund if I Was on Unemployment?
Explore how unemployment benefits impact your tax refund, including taxable benefits, income thresholds, and applicable tax credits.