Where Do I Report the Fair Market Value of an IRA on My Tax Return?
Learn how to accurately report the fair market value of your IRA on tax returns, including guidance on various asset classes and essential recordkeeping.
Investment and Financial Markets
Are Professional Memberships Tax Deductible? Here’s What to Know
Discover the tax implications of professional memberships and learn which types may qualify for deductions, especially for self-employed individuals.
How Do I Get My 1098-T Form From College?
Learn how to efficiently obtain your 1098-T form from college, ensuring accurate tax reporting and financial planning.
Massachusetts Residency Requirements: What You Need to Know
Understand the essentials of Massachusetts residency requirements, including domicile criteria and filing responsibilities, to ensure compliance.
What Should I Do If I Sent My Tax Return Using UPS?
Learn how to handle tax return shipments via UPS, manage delays, and understand key documentation and deadlines.
S Corp Charitable Contributions: What You Need to Know
Explore the essentials of S Corp charitable contributions, including types, reporting, and documentation for effective tax management.
How to Handle a Section 743(b) Adjustment on Your K-1
Navigate the complexities of Section 743(b) adjustments on your K-1 with clear guidance on basis differences and reporting requirements.
What Does 1099-R Code JP Mean for Early Roth Distributions?
Understand the implications of 1099-R Code JP for early Roth IRA distributions, including tax reporting, exceptions, and withholding duties.
Can You Write Off a Loan to a Business?
Explore the nuances of writing off business loans, including criteria for deductible interest and handling uncollectible loans.
How Do I Know if I Have to Pay RITA Taxes?
Understand your RITA tax obligations, including residency, employment, and income criteria, to ensure compliance and avoid penalties.
Can You Do a QCD From an Inherited IRA?
Explore the process and requirements for making a Qualified Charitable Distribution from an inherited IRA, including tax implications and steps involved.
Where Do I Find My Federal Tax ID Number if I’ve Lost It?
Discover practical steps to recover your lost Federal Tax ID Number using official notifications, filed forms, online tools, or direct IRS contact.
What Does a Cycle Code Ending in 03 Mean for Your Tax Return?
Understand the implications of a tax return cycle code ending in 03 and learn when to expect updates and necessary actions.
Where Do I Find Depreciation on My Tax Return?
Learn how to locate and understand depreciation entries on various tax returns, including individual and business filings.
Are CDD Fees Tax Deductible and Where Do You Claim Them?
Explore the tax implications of CDD fees, their deductibility, and how to properly document them for rental and personal tax filings.
Why Did I Receive a CP01E Notice From the IRS?
Understand the reasons behind receiving a CP01E notice from the IRS and learn how it impacts your tax filing and potential refunds.
Do You Need to Check the 1040 Virtual Currency Checkbox?
Understand the importance of the 1040 virtual currency checkbox and its impact on your tax reporting accuracy.
Do I Need to File an Extension for California State Tax?
Learn about California state tax extensions, including criteria, automatic extensions, and payment obligations to avoid late filing penalties.
What Is Form 15109 and Who Needs to Complete It?
Learn about Form 15109, its purpose, who must complete it, and the necessary data and documents for accurate filing.
Is NJ ANCHOR Rebate Taxable on a Federal Return?
Understand the federal tax implications of the NJ ANCHOR rebate and learn when to include it in your tax return.