Does California Tax Lottery Winnings?
Understand the tax implications for a California lottery prize. While state rules are favorable, other factors determine your final tax obligation.
Investment and Financial Markets
States With the Highest Income Tax Rates
A state’s top income tax rate rarely tells the full story. Understand the crucial factors that determine your actual state and local tax liability.
Maryland Form 515: Filing and Payment Instructions
A guide for payors on the requirements and procedures for remitting Maryland’s nonresident income tax withholding using Form 515.
What Is the Missouri Working Families Tax Credit?
Discover how the Missouri Working Families Tax Credit can lower your state tax liability. This nonrefundable credit is based on your federal EITC amount.
PCAOB Auditing Standards, Not Accounting Standards
Discover the essential framework governing public company audits. Learn how PCAOB standards guide auditors’ work to ensure audit integrity and protect investors.
What Is a Distribution Request for a 401(k)?
A 401(k) distribution is a formal process, not a simple withdrawal. Understand the key decisions and requirements for managing your funds effectively.
Do You Have to Pay Back the Tax Credit for Health Insurance?
The advance premium tax credit is based on your estimated income. Discover how your final tax details determine if you received the correct amount.
Rev Proc 96-30: Ruling Request Requirements Explained
Delve into the procedural and evidentiary standards of Rev Proc 96-30 for securing a favorable IRS ruling on a Section 355 corporate transaction.
Profit vs. Profitability: What’s the Key Difference?
A company’s total earnings don’t tell the whole story. See how measures of efficiency provide a more complete view of a business’s financial health.
How Is Box 16 on a W2 Calculated for State Wages?
Learn why your W-2’s state wages may differ from federal wages. This guide explains how state-specific tax laws and employment scenarios affect this key figure.
What Are the Most Common Types of Trusts?
Explore how different trust structures help manage assets, from flexible lifetime arrangements to permanent plans for specific family or charitable goals.
What Is the As of Date on My Tax Transcript?
Learn what the “as of” date on an IRS transcript means. It reflects your account’s current financial status, not a fixed processing or refund issue date.
What Is IRS Form 8606 and Who Needs to File It?
Form 8606 is used to report nondeductible IRA contributions and track tax basis, ensuring correct tax treatment for distributions and Roth IRA conversions.
What Is the Deadline for a Business Tax Extension?
Filing a business tax extension involves specific deadlines and procedures based on your entity type. Learn the steps to correctly secure more time to file.
What Is Form 8850 for the Work Opportunity Tax Credit?
Learn how Form 8850 functions as the required pre-screening tool for employers to determine a new hire’s eligibility for the Work Opportunity Tax Credit.
Can I Sue My Employer for Not Giving Me My W2?
Missing your W-2? This guide explains the formal process for filing your taxes and clarifies the basis for taking legal action against a delinquent employer.
Is a 457 Plan Considered a Qualified Plan?
A 457 plan’s non-qualified status creates crucial distinctions from other retirement accounts. Understand how this impacts your savings strategy and access to funds.
How Do I Calculate My Oregon Kicker?
Determine your personal Oregon kicker amount. This guide clarifies the direct link between the state’s tax surplus and your prior year’s tax liability.
How the TCJA Affects Your Charitable Contributions
Recent tax law changes have redefined the financial benefits of donating to charity. Explore how to align your giving with the current tax code.
How Much Do Taxes Cost in California?
Understand your true tax cost in California. This guide explains the state’s unique rules and calculations that determine your final tax liability.