Can Stock Losses Offset Real Estate Gains? Here’s What to Know
Explore how stock losses can impact your real estate gains and learn strategies for optimizing your tax outcomes.
Investment and Financial Markets
Do You Pay Tax on CD Interest Income?
Understand how CD interest income is taxed, including reporting requirements and federal vs. state considerations.
Is Therapy Considered a Medical Expense for Insurance and Taxes?
Explore how therapy is classified for insurance and tax purposes, including reimbursement, tax deductions, and health savings accounts.
What Is a Tennessee Tax ID Number and Why Do You Need One?
Learn the importance of a Tennessee Tax ID Number for state tax compliance and its role in various business obligations.
Are College Students Residents of the State Where They Study?
Explore how college students’ residency status affects tuition, taxes, and eligibility for state scholarships and grants.
What Is 1099 Box 3 and How to Report It on Your Tax Return?
Understand 1099 Box 3 income, its distinctions, and how to accurately report it on your tax return for compliance.
IND-510-02: Why Your E-File Was Rejected and How to Fix It
Discover common reasons for e-file rejections and learn practical solutions to ensure your tax return is successfully accepted.
Selling Personal Items on eBay: How Taxes Apply
Understand how taxes apply when selling personal items on eBay, including reporting requirements, exemptions, and record-keeping essentials.
My Employer Reported the Wrong Income. What Should I Do?
Learn how to address income reporting errors by your employer, ensuring accurate documentation and tax compliance.
Why Was My IRS Payment Plan Not Withdrawn? What to Do Next
Discover why your IRS payment plan might not have been withdrawn and learn practical steps to resolve the issue effectively.
Section 199A Information on K-1: How to Report and Understand It
Navigate the complexities of Section 199A on K-1 forms with insights on reporting and understanding income categories and aggregation rules.
Can I Deduct a Down Payment on the New Home on My Taxes?
Explore the tax implications of home buying, focusing on down payments, mortgage interest, and essential record-keeping practices.
Can You Do a Prior Year Roth Conversion?
Explore the nuances of executing a Roth conversion for a prior year, including eligibility, tax implications, and key deadlines.
Do You Need a 1098 Form for Your HELOC?
Understand when a 1098 form is necessary for your HELOC, explore lender obligations, and learn about alternative documentation options.
Can I Deduct Sales Tax on a Car Purchase?
Learn how to navigate sales tax deductions on car purchases with insights on requirements, guidelines, and essential documentation.
What Does Prior Tax Mean and How Does It Affect Your Filings?
Understand the impact of prior tax on your filings and learn how to manage past returns, amend filings, and handle unpaid balances effectively.
Household Employee Wages Not Reported on Form W-2: What to Do
Learn how to address unreported household employee wages, understand reporting requirements, and avoid potential penalties.
First-Time Home Buyer Taxes: Benefits, Deductions, and Tips
Navigate the tax landscape as a first-time home buyer with insights on deductions, benefits, and essential documentation tips.
What Age Do You Start Paying Taxes? Key Factors to Know
Discover when tax obligations begin, influenced by income type, dependency status, and self-employment, to better navigate your financial responsibilities.
How Is a Retention Bonus Taxed and What Are the Repayment Rules?
Understand how retention bonuses impact your taxes, affect annual income, and learn about repayment obligations and reporting requirements.