IRA Capital Gains Tax: What You Need to Know About Taxes on Gains
Understand how capital gains in Traditional and Roth IRAs are taxed, including rules on distributions, penalties, and reporting requirements.
Investment and Financial Markets
1099-B vs 1099-S: Key Differences and Reporting Requirements
Understand the distinctions and reporting nuances between 1099-B and 1099-S forms to ensure accurate tax compliance.
Where to Find Vanguard’s TIN on Your 1099-R and Other Documents
Discover how to locate Vanguard’s TIN on your 1099-R and other documents for accurate tax reporting and financial management.
Why Did I Receive an LT38 Notice and What Should I Do About It?
Understand the reasons behind an LT38 notice and learn practical steps to address it effectively, ensuring compliance and resolving any issues.
How to Make a 1040-ES Payment Online Easily
Learn how to efficiently manage your 1040-ES payments online with various methods and ensure accurate, timely transactions.
How to File Taxes if Paid Under the Table Without Records
Learn how to accurately report cash income without records, manage self-employment taxes, and explore deductions and payment options.
How the Section 121 Exclusion Works for Homeowners
Discover how homeowners can benefit from the Section 121 exclusion to reduce taxable gains when selling their primary residence.
How Is Self-Employment Tax Calculated? A Step-by-Step Breakdown
Learn how to calculate self-employment tax with a clear, step-by-step guide to ensure accurate financial planning and compliance.
How to File Taxes as a Sole Proprietor: A Step-by-Step Overview
Navigate the tax filing process as a sole proprietor with this comprehensive guide, covering forms, deductions, and self-employment tax essentials.
What Happens If You Have a Past Due IRS Tax Obligation?
Discover the implications of a past-due IRS tax obligation, including penalties, interest, and potential collection actions.
Which Estate Tax Software Should You Use to File Returns?
Explore top estate tax software options for efficient filing, secure e-filing features, and streamlined document management.
Can You Issue a 1099 Without a W9 From a Contractor?
Learn how to handle issuing a 1099 without a W9, explore alternatives, and understand the implications for compliance.
1099-B vs 1099-DIV: Key Differences and What to Do if Misissued
Understand the distinctions between 1099-B and 1099-DIV forms and learn how to address any errors for accurate tax reporting.
Who Has to Pay Indiana Self-Employment Tax and How to File?
Learn who is responsible for Indiana self-employment tax, how to calculate it, and the steps for filing and claiming deductions.
Do You Have to Pay Taxes on Online Gambling Winnings?
Understand the tax obligations for online gambling winnings, including reporting requirements and state-level implications.
Can You Deduct Charitable Contributions Without Itemizing?
Explore how you can benefit from charitable contribution deductions without itemizing, including eligible donation types and essential recordkeeping tips.
Schedule C Cost of Goods Sold With No Inventory Explained
Learn how to report cost of goods sold on Schedule C without inventory, focusing on direct costs, labor, and materials.
Fair Rental Days Calculator: How to Determine Rental Property Usage
Learn how to accurately calculate rental property usage and expenses with our Fair Rental Days Calculator guide.
How to Avoid Underpayment Penalty on Taxes
Learn strategies to prevent tax underpayment penalties by adjusting withholdings, scheduling estimated payments, and understanding safe harbor rules.
How Do Day Traders Avoid Wash Sales and Stay Compliant?
Learn strategies for day traders to navigate wash sale rules, maintain compliance, and optimize their trading outcomes effectively.