Do I Have to Collect Sales Tax for a Hobby?
Understand when hobby income triggers sales tax obligations, key nexus factors, recordkeeping best practices, and potential exemptions.
Investment and Financial Markets
How Do I Delete Schedule F If I Don’t Have a Farm?
Learn why Schedule F may appear on your tax return, how to confirm if it’s unnecessary, and the proper steps to remove it while staying compliant.
Is a Phone an Asset or an Expense for Your Business?
Understand whether a phone is an asset or an expense for your business by exploring its classification, depreciation, and impact on financial statements.
What Is a What-If Worksheet and How Can It Help With Taxes?
Understand how a what-if worksheet can help you estimate tax impacts, adjust for income changes, and plan deductions for a more accurate filing.
What Is a What-If Worksheet and How Can It Help With Taxes?
Understand how a what-if worksheet can help you estimate tax impacts, adjust for income changes, and plan deductions for a more accurate filing.
Is an Ambulance Bill Considered a Medical Bill?
Understand how ambulance bills are classified, their insurance coverage, tax implications, and what factors affect out-of-pocket costs.
What Does Married One Income Mean for Your Tax Filing Status?
Understand how having a single income in a marriage affects your tax filing status, deductions, and withholdings to make informed financial decisions.
What Can Actors Write Off for Taxes?
Discover common tax deductions for actors, from business expenses to professional development, and learn how to maximize your eligible write-offs.
Do I Have to Pay Tax on My Deceased Husband’s Pension?
Understand how your deceased husband’s pension is taxed, including survivor benefits, withholding rules, and potential deductions that may apply.
How Do I Know If I Am Tax Exempt?
Learn how tax-exempt status applies to organizations and individuals, what documentation is needed, and how to verify and maintain exemption eligibility.
Is 3.625 a Good Mortgage Rate for Your Home Loan?
Understand how a 3.625% mortgage rate compares to current trends, key financial factors, and long-term affordability for your home loan decision.
Do I Need to Report Babysitting Income on My Taxes?
Learn when babysitting income needs to be reported, how classification affects taxes, and what records and deductions may apply to your situation.
Material vs Supplies: Key Differences in Accounting and Tax Treatment
Understand the accounting and tax implications of materials vs. supplies, including classification, expense tracking, and recordkeeping requirements.
How Do I Get a Copy of My NY State Tax Return?
Learn how to request a copy of your New York State tax return, including available methods, required identification, processing times, and potential fees.
Ways to Not Pay Taxes as a J1 Student in the U.S.
Learn how J-1 students can legally minimize U.S. tax obligations through residency rules, exemptions, tax treaties, and proper filing strategies.
Where Do I Send Form 9143?
Learn where to send Form 9143, what supporting documents are needed, and how to track your submission to ensure timely processing.
What Happens If a Beneficiary Is Not Named for Annuity Benefits?
Learn how annuity benefits are distributed without a named beneficiary, including tax implications, probate involvement, and potential delays.
Michigan Gambling Losses Deduction: What You Need to Know
Understand how Michigan’s tax rules impact gambling loss deductions, including eligibility, documentation requirements, and key differences from federal law.
Is LMA Interest Tax Deductible for Investment Loans?
Understand the tax deductibility of LMA interest for investment loans, including eligibility criteria, reporting requirements, and potential limitations.
What Is the Mailing Address for the Estate of a Deceased Taxpayer?
Learn how to determine the correct mailing address for an estate when managing tax filings, legal documents, and official correspondence.