Investment and Financial Markets

Understand the differences between TIN and FEIN on a 1099-INT and learn how to verify the correct identification for accurate tax reporting.

Discover which rental property expenses are tax-deductible to optimize your investment returns and manage your finances effectively.

Learn about the tax implications of short-term disability benefits and the forms you may or may not receive for reporting.

Learn how to accurately identify and verify the payer name on your 1099-DIV form to ensure correct tax reporting.

Understand the role of Form 1095-C in tax filing, its issuance by employers, and how to manage missing or incorrect forms effectively.

Understand when hobby income reported on a 1099-NEC is considered business income and learn about reporting responsibilities and potential deductions.

Explore how Presidents Day affects tax refund deposits, including banking operations and IRS procedures for timely refunds.

Explore the nuances of writing off groceries on taxes for self-employed individuals, including criteria, documentation, and common pitfalls.

Understand the essentials of qualified tuition expenses, including what counts, exclusions, and eligibility factors for educational tax benefits.

Resolve E-File Reject Code R0000-500-01 by addressing common issues like unmatched info, duplicate submissions, and document discrepancies.

Explore the tax implications of life insurance proceeds, including when they are tax-free and scenarios that may lead to tax liabilities.

Explore how Georgia handles Social Security benefits taxation, including age-based exclusions and reporting requirements.

Learn how to determine and document eligible utility expenses for home office deductions when working remotely.

Understand the significance of the processing date on an IRS transcript and how it differs from other dates, plus when to seek IRS clarification.

Explore tax obligations for disabled veterans, including exemptions, income thresholds, and state considerations to ensure compliance and maximize benefits.

Understand how claiming a dependent affects your tax bracket, credits, and withholding, ensuring accurate tax filing and potential savings.

Explore how IRS payment plans interact with your credit score and why they might not appear on credit reports.

Understand the nuances of 199A unadjusted basis, its calculation, and reporting on a K-1, and how it interacts with other tax computations.

Learn about Arizona’s unique ID cards with no expiration date, their differences from Real ID, and implications for replacements and benefits.

Explore the benefits and implications of claiming yourself as a dependent on your taxes, including filing status and potential deductions.