Can I Fax My Tax Return to the IRS? Here’s What You Need to Know
Learn the essentials of faxing your tax return to the IRS, including acceptable forms, transmission steps, and how to confirm receipt.
Investment and Financial Markets
Can I Claim My Sister on My Taxes as a Dependent?
Discover the criteria and conditions for claiming your sister as a dependent on your taxes, including relationship, residency, and financial support guidelines.
What Should You Do If You Receive a CP05 Letter From the IRS?
Learn how to effectively address a CP05 letter from the IRS, understand its purpose, and ensure a smooth resolution process.
Sales Tax on Mobile Homes: What You Need to Know
Understand the nuances of sales tax on mobile homes, including classifications, exemptions, and calculation methods for informed purchasing decisions.
What Is the Meaning of HTKO in Tax Reporting?
Explore the implications of HTKO in tax reporting, focusing on its impact on foreign tax credits and tax liability adjustments.
How to Order IRS Forms by Mail and What to Expect
Learn how to order IRS forms by mail, explore ordering methods, and understand delivery expectations and solutions for potential issues.
Will I Get a 1099 for a Lawsuit Settlement?
Understand the tax implications of lawsuit settlements and when a 1099 form is necessary for accurate financial reporting.
Do I Have to Pay Estimated Taxes or Can I Skip Them?
Understand the importance of estimated taxes, who needs to pay them, and how to avoid penalties with proper planning and adjustments.
What Is Schedule C Depreciation and How Does It Work?
Learn how Schedule C depreciation impacts your business taxes, including asset qualification, useful life, and reporting methods.
What Does Foreign or U.S. Possession Mean for Tax Purposes?
Explore the tax implications of foreign or U.S. possessions, including residency tests, income sourcing, and key exclusions.
Can Hub Testing With the IRS Help Get Your Taxes Approved Early?
Explore how IRS hub testing can streamline your tax filing process, potentially leading to quicker approvals and fewer delays.
How to Calculate Depreciation on a Rental Property for Tax Purposes
Learn how to accurately calculate rental property depreciation for tax purposes, including cost basis and yearly adjustments.
Where to Mail Form 966 for Domestic and Foreign Filers
Find the correct mailing addresses for submitting Form 966, tailored for both domestic and foreign filers. Ensure accurate submission.
Does an Estate Pay Taxes on the Sale of a Home?
Explore how estate home sales are taxed, including capital gains, step-up basis, and deductible expenses. Understand filing requirements and tax liabilities.
What Is a Qualified Plan Loan Offset and How Does It Work?
Explore the mechanics of qualified plan loan offsets, including calculation, distribution, taxation, and reporting essentials.
Any Contributions You Personally Made to an HSA (Not Through Your Employer)
Explore how personal HSA contributions can impact your taxes, including deduction benefits and reporting requirements.
Can I Claim My Cousin as a Dependent on My Taxes?
Learn the criteria for claiming a cousin as a dependent on your taxes, including relationship, residency, and financial support requirements.
Short-Term Capital Gains Tax in California: What You Need to Know
Understand how short-term capital gains tax in California impacts your taxable income and learn about filing essentials and potential penalties.
Specified Private Activity Bond Interest Dividends and Tax Reporting
Explore the nuances of specified private activity bond interest dividends and their tax reporting implications across different jurisdictions.
What Is the Adjustment Amount (Ordinary Income) and How Is It Calculated?
Understand the adjustment amount in ordinary income, its calculation, and its impact on your tax reporting and estimated taxes.