How to Report Return of Principal on 1099-B Tax Forms
Learn how to accurately report return of principal on 1099-B forms, including cost basis adjustments and essential recordkeeping tips.
Investment and Financial Markets
What Is RMA Tax and Who Needs to File It?
Understand RMA tax obligations, filing requirements, and processes to ensure compliance and avoid penalties. Learn who needs to file and how to manage records.
QTB vs SSTB: Key Differences and Tax Implications Explained
Explore the nuanced tax implications and key differences between QTB and SSTB classifications to optimize your business’s tax strategy.
Can You Use a 529 Plan for Study Abroad Expenses?
Explore how 529 plans can cover study abroad costs, including eligibility, expenses, and tax considerations for international education.
Are SRECs Taxable? What You Need to Know
Explore the tax implications of SRECs, including future changes, residential vs. commercial impacts, and federal vs. state policy differences.
How to Fix E-File Rejects Like R0000-900-01
Learn how to resolve common e-file rejection issues by addressing data inaccuracies and ensuring proper authentication for a smoother tax filing process.
Can a Non-Resident Alien Use Robinhood on a Student Visa?
Explore the eligibility and requirements for non-resident aliens on student visas to use Robinhood, including documentation and tax implications.
Illinois Schedule ICR Instructions: How to File and Claim Tax Credits
Learn how to navigate Illinois Schedule ICR to efficiently file and claim your tax credits with this comprehensive guide.
What Is the Depreciation Life of a Concrete Asset?
Explore how to determine the depreciation life of concrete assets, including methods, factors, and reporting implications.
Can a Repossession Take Your Taxes or Garnish Your Refund?
Explore how repossession can impact your finances, including the potential for tax refund garnishment and the role of court judgments.
What Happens When You Sell a Section 179 Asset?
Explore the tax implications, reporting requirements, and financial adjustments involved in selling a Section 179 asset.
Can You Claim Work Expenses on Taxes? Here’s What to Know
Navigate the complexities of claiming work expenses on taxes, understanding eligibility, and optimizing your deductions effectively.
How Do I Get My NJ Exit Tax Back? Steps to Claim Your Refund
Learn how to navigate the NJ Exit Tax refund process, including eligibility, documentation, and filing steps for a smooth claim experience.
Can You Contribute to Your IRA While on Social Security?
Explore how receiving Social Security impacts your ability to contribute to an IRA, including eligibility, limits, and tax considerations.
Can I Claim My Grandmother as a Dependent on My Taxes?
Learn how to determine if you can claim your grandmother as a dependent on your taxes by understanding key criteria and necessary documentation.
Do 1099s Have to Be Mailed to Recipients?
Explore the requirements and options for delivering 1099 forms, including mailing, electronic methods, and compliance to avoid penalties.
Can I Opt Out of OASDI Tax? What You Need to Know
Explore the nuances of opting out of OASDI tax, including eligibility criteria and potential implications for non-payment.
Can Pizza Delivery Drivers Write Off Mileage on Their Taxes?
Explore how pizza delivery drivers can navigate tax deductions for mileage, including qualifying trips and record-keeping essentials.
Do I Need to Issue a 1099 to an S Corp?
Understand when to issue a 1099 to an S Corp, explore exemptions, and learn about penalties for incorrect filings.
Vanguard 1099-R and How It Applies to a Backdoor Roth Conversion
Explore how Vanguard’s 1099-R form is crucial for managing backdoor Roth conversions, including key details, tax implications, and reporting guidance.