Can I Use a Personal Credit Card for Business Expenses?
Explore the pros and cons of using a personal credit card for business expenses, including effects on credit score and tax implications.
Investment and Financial Markets
What Closing Costs Are Tax Deductible When Selling Rental Property?
Discover which closing costs can be deducted when selling rental property and how to adjust your tax filings accordingly.
Tax Court Method vs IRS Method: Which One Should You Use?
Explore the differences between the Tax Court and IRS methods to determine the best approach for your tax situation in 2024.
How to Complete and Mail the 8453 Form
Learn the essentials of completing and mailing Form 8453, including filling instructions, required attachments, and submission tracking.
Can You Deduct Property Taxes From Rental Income?
Explore how to navigate property tax deductions on rental income, including key conditions, classifications, and reporting requirements.
1095-A vs 1095-B: Key Differences You Need to Know
Understand the essential differences between forms 1095-A and 1095-B, including their issuance, eligibility, and tax filing implications.
Can a 17 Year Old Claim Themselves on Taxes?
Explore the tax implications and requirements for a 17-year-old considering self-claiming, and how it affects parental tax benefits.
Is the Computershare Control Number the Same as the Account Number?
Understand the differences between Computershare control and account numbers, and learn how to locate and use your control number effectively.
Can a 17 Year Old File Taxes on Their Own?
Discover the essentials of tax filing for 17-year-olds, including income types, filing status, and necessary forms for a smooth process.
IRS Accepted My Return Early: What It Means and Next Steps
Discover what early acceptance of your IRS return means, how it affects refund timing, and the steps to ensure a smooth tax process.
How to File a Free Tax Return Through Taxfreedom.com
Learn how to efficiently file your tax return for free using Taxfreedom.com, with step-by-step guidance on eligibility and document preparation.
How Do You Calculate MAGI for Tax Purposes?
Learn how to calculate your Modified Adjusted Gross Income (MAGI) for tax purposes and understand its impact on credits and deductions.
Do You Get a 1099 for Disability Income? What You Need to Know
Understand the nuances of disability income and 1099 forms to ensure accurate tax filing and compliance with IRS requirements.
Can I File 2 Tax Returns in the Same Year?
Explore the nuances of filing multiple tax returns in a year, including legal guidelines, potential consequences, and corrective steps.
How Long Does It Take to Get a Tax Refund for a Deceased Person?
Learn about the process and timeline for obtaining a tax refund for a deceased person, including necessary documents and potential delays.
Where to Find the 1098-T Filer’s Federal ID Number
Discover how to locate and verify the 1098-T Filer’s Federal ID number for accurate tax reporting and compliance.
How to Read a Tax Transcript: A Detailed Breakdown
Understand your tax transcript with ease. Learn to navigate sections, decode transaction codes, and resolve discrepancies effectively.
Are Credit Card Fees Tax Deductible? What You Need to Know
Discover the nuances of credit card fee deductibility and learn how business and personal usage impacts tax claims.
How to Properly Fill Out a W9 for a Single Member LLC
Learn the essentials of accurately completing a W9 for your Single Member LLC, including key considerations for EIN, SSN, and IRS compliance.
Employer State ID Number vs EIN: Key Differences Explained
Understand the differences between Employer State ID Numbers and EINs, including their purposes, application processes, and record-keeping essentials.