1099-NEC Filing Requirements in California
Navigate California’s unique 1099-NEC requirements, from correctly classifying workers to meeting both state and federal tax reporting obligations.
Investment and Financial Markets
Revenue Code 681: Limitation on Charitable Deductions
Explore how the source of a trust’s income can affect the tax treatment of its charitable contributions, creating an exception to the general rule.
Is the Roth IRA Income Limit Based on AGI?
Roth IRA contribution eligibility is based on a specific IRS income figure. Understand how this figure is calculated and what it means for your savings.
Why Do I Pay for Medicare on My Paycheck?
Understand the mandatory Medicare deduction on your pay stub. Learn how your contributions, matched by your employer, help fund hospital care for older Americans.
How to Get 501(c)(16) Tax-Exempt Status
Gain a clear understanding of the IRS framework for establishing and maintaining a 501(c)(16) tax-exempt crop financing corporation.
Retirement Tax Reform: How the New Rules Affect You
Recent retirement law changes create new flexibility for your savings timeline and contribution choices. Learn how these updates can enhance your long-term financial plan.
What Is Revenue Code 771 for Partnerships?
Understand the role of IRC Section 771. It isn’t a substantive rule but a key navigational guide for partners to other important tax code provisions.
How to Calculate Return on Invested Capital
Learn to measure a company’s ability to generate value from its resources, a key indicator of operational efficiency and long-term performance.
IRA Contribution 2024: Rules, Limits, and Deadlines
Understand the key 2024 guidelines for IRA contributions. Learn how your income and workplace plan access can affect your eligibility and deduction options.
Estate Charitable Deduction: How to Lower Estate Taxes
Lowering estate taxes through charitable giving involves more than a simple donation. Learn the strategic considerations for bequests and trusts to ensure a deduction.
How to Claim a Tax Deduction for Casualty Losses
Understand the specific IRS requirements for deducting a personal property loss. Our guide clarifies the necessary steps from proof of loss to filing your claim.
Selling Tax Credits: How Does the Process Work?
Understand the mechanics of selling tax credits. This guide outlines the complete transaction process for businesses seeking to monetize assets or reduce tax liability.
What Are Tax Sheltered Retirement Accounts?
Understand the structure of tax-advantaged retirement accounts. Learn how the timing of taxes can impact your savings growth and the rules for managing your funds.
Can You Put Cryptocurrency in a Trust?
Integrating cryptocurrency into a trust is a key way to protect digital wealth. Learn the unique legal, technical, and tax considerations for this process.
Where Do I Get 1099 Forms for My Employees?
Understand the tax compliance process for paying independent contractors, including how to properly source, complete, and file the necessary 1099 forms.
How is Passive Real Estate Income Taxed?
Explore the tax framework for passive real estate investments, including how the IRS defines participation and applies rules for income and losses.
Florida Reemployment Tax: What Employers Need to Know
Navigate the fundamentals of Florida’s employer-paid Reemployment Tax. Learn how this system connects your business operations to state unemployment benefits.
How to Handle Rental Property Start Up Costs for Taxes
Properly accounting for pre-rental expenditures is crucial for tax compliance. This guide clarifies how initial costs are classified and recovered over time.
What Is Form 3805V for a California Tax Payment?
Filing a California tax extension doesn’t delay your payment due date. Understand the process for submitting the tax you owe with Form 3805V to meet the deadline.
Public Law 111-152: Key Tax, Health, & Education Rules
Understand how Public Law 111-152 provided the financial framework for the ACA and redirected savings to expand access to higher education aid.