Investment and Financial Markets

Learn when and how to remove the Retirement Savings Contribution Credit from your tax return, adjust your obligations, and navigate the amendment process.

Understanding NYC residency can impact taxes, surcharges, and legal status. Learn how location and primary abode influence your classification.

Understand the key factors that determine if your parents can claim you as a dependent, even if you don’t live with them, and how it impacts tax filings.

Understand the tax implications of silent auction purchases, including deductibility rules, documentation requirements, and potential limitations.

Learn how to check your state tax refund status online, what information you need, typical processing times, and how to address potential delays.

Understand the key legal, tax, and procedural factors to consider before gifting your settlement check to someone else.

Learn how landlords can handle unpaid rent on their taxes, including deductibility rules, documentation needs, and potential impacts on rental income.

Learn how to navigate the pro-rata rule when using a Backdoor Roth strategy, ensuring accurate tax calculations and compliance with IRS guidelines.

Understand how bonus depreciation applies when you have a loss, including its impact on tax liability, net operating losses, and future deductions.

Learn the key factors that determine if an adult can be claimed as a dependent on taxes, including eligibility rules, financial support, and filing implications.

Learn how child support agencies handle joint bank accounts, when funds may be accessed, and what account holders can do to protect their shared assets.

Learn how different LLC structures handle charitable contribution deductions, the types of donations allowed, and the documentation needed for tax reporting.

Learn how the federal solar tax credit rollover works, including eligibility, application, and coordination with other tax benefits for future use.

Understand the key factors that determine whether you can claim the Child Tax Credit for a child living abroad, including residency rules and documentation.

Understand how both spouses can contribute to a Dependent Care FSA, including eligibility, contribution limits, tax implications, and reimbursement coordination.

Understand how an irrevocable trust can qualify as a grantor trust, the tax implications involved, and the role of control in determining its status.

Understand how tax laws apply to miscarriage-related expenses and dependent claims, and learn when consulting a tax professional may be beneficial.

Learn whether you can open a Health Savings Account (HSA) while on your parents’ insurance and how eligibility rules impact your ability to contribute.