Investment and Financial Markets

Learn when you can deduct medical expenses for someone who isn’t your dependent, the IRS criteria involved, and how to properly document these costs.

Learn how to maximize tax savings on solar panels by understanding eligibility, filing requirements, and available federal, state, and local credits.

Learn how rental income factors into Medicare premiums, how it impacts your Modified Adjusted Gross Income, and what higher earners should expect.

Understand what Line 1h “Other Earned Income” means on tax forms, how it’s calculated, and its impact on your overall tax filing accuracy.

Learn how restaurants can handle food waste for tax purposes, including deductions, charitable contributions, and proper documentation.

Understand how tax filing extensions affect your HSA contribution deadline and what to consider when making contributions or correcting excess amounts.

Learn how to generate Form 8949 from a CSV file by organizing transaction data, ensuring accuracy, and reconciling totals for tax reporting.

Learn how Illinois adjusts AGI for part-year residents, which income sources are included, and where to find the right figures on your tax forms.

Having a driver’s license in a state can be a factor in residency but isn’t always definitive. Learn how states determine legal residence and tax obligations.

Learn how to access and use essential tax forms for your Amway business, track income and expenses, and meet key filing requirements efficiently.

Understand how to accurately report Turo income on your taxes, manage deductions, and maintain proper records to stay compliant with IRS requirements.

Learn how disability income affects Earned Income Credit eligibility, including key requirements, filing considerations, and necessary documentation.

Discover when tuition qualifies as a business expense, how tax rules apply to work-related education, and strategies for proper documentation and deductions.

Learn how to accurately report the sale of a business vehicle on Form 4797, including key tax considerations, depreciation effects, and proper documentation.

Learn when to submit Form RW-171, how to file it correctly, and ways to prevent common errors to ensure compliance with relevant requirements.

Learn how to e-file Form 7004 for a tax extension, including eligibility requirements, required information, and steps for submitting your request online.

Understand the tax implications of inheriting a car, including potential estate taxes, transfer fees, and capital gains considerations if you decide to sell.