How to Report DFS Taxes and Manage Daily Fantasy Sports Winnings
Learn how to report DFS winnings, manage entry fees, and understand tax obligations to stay compliant and organized for tax season.
Investment and Financial Markets
Massachusetts Student Loan Interest Deduction: What You Need to Know
Learn how the Massachusetts student loan interest deduction works, including eligibility, limits, and how to report it on your state tax return.
What Is Boot in a 1031 Exchange and How Does It Affect Taxes?
Learn how boot in a 1031 exchange can create taxable gains, the different forms it takes, and how to report it properly to the IRS.
Edward Jones RMD Calculator: How to Determine Your Required Minimum Distribution
Learn how the Edward Jones RMD calculator helps you estimate required withdrawals, understand tax implications, and plan distributions efficiently.
Is an iPad a Qualified 529 Expense?
Learn whether an iPad qualifies as a 529 expense, how to document its academic necessity, and what to consider when using funds for technology purchases.
Quitclaim Deed for Inherited Property: What You Need to Know
Understand the key considerations of using a quitclaim deed for inherited property, including ownership verification, tax implications, and potential legal impacts.
What Happens if You Forget to Take Depreciation on a Rental Property?
Missing depreciation on a rental property can affect taxable income, asset basis, and potential IRS obligations. Learn how to address and correct the issue.
Massachusetts College Tuition Deduction: Who Qualifies and How to Claim It
Learn who qualifies for the Massachusetts college tuition deduction, which expenses count, and how to claim it on your state tax return.
How Do I Know if the State Took My Taxes?
Learn how to determine if your state tax refund was taken to cover outstanding debts and what steps to take if you believe there’s an error.
Where Do I File Form 8300 and What Are the Filing Steps?
Learn where to file Form 8300, how to submit it electronically or by paper, key deadlines, and recordkeeping requirements for compliance.
Is a Garage Door Considered an Exterior Door for Insurance or Taxes?
Understand how garage doors are classified for insurance, mortgage appraisals, and tax purposes, and what that means for your home’s value and coverage.
Is a Solo 401K a Qualified Plan for Tax Purposes?
Learn how a Solo 401(k) meets IRS criteria for qualified plans, its tax implications, and key compliance factors to maintain its status.
What Happens If You Wrongly Claim Tax Credits?
Claiming tax credits incorrectly can lead to added tax liability, penalties, and future filing challenges. Learn how to address mistakes and avoid issues.
How Depreciation Is Calculated Based on the Real Estate Value
Learn how real estate depreciation is calculated, including key factors like basis, allocation, recovery periods, and adjustments for improvements.
Designated Roth Account vs. Roth IRA: Key Differences Explained
Understand the key differences between Designated Roth Accounts and Roth IRAs, including tax treatment, withdrawal rules, and contribution limits.
How to Find and Understand the First Page of Your Tax Return
Learn how to locate, interpret, and verify the first page of your tax return, whether filed on paper or digitally, to ensure accuracy in your records.
What Is Tax Form 8962 Used For and Why Might You Need It?
Learn how Tax Form 8962 helps reconcile premium tax credits, ensuring accurate subsidies and compliance with IRS requirements for health coverage.
How Do I Look Up a State Tax Lien?
Learn how to find state tax lien records using online databases, county records, credit reports, and state agencies for accurate financial insights.
What Is Qualified Mortgage Interest?
Learn what qualifies as mortgage interest for tax purposes, including eligible loan types, deductible points, and key documentation requirements.
How to Let the IRS Know Your Business Is Closed
Learn the essential steps to officially close your business with the IRS, including tax filings, account closures, and proper record retention.