What Does IRS Notice CP501 Mean and How Should You Respond?
IRS Notice CP501 is a reminder of unpaid taxes. Learn why you received it, available payment options, and the potential consequences of not responding.
Investment and Financial Markets
How Does Lease Commission Amortization Work in Financial Accounting?
Learn how lease commission amortization is structured in financial accounting, including expense allocation, adjustments, and potential tax considerations.
How Do I Add a Child Care Provider (LAFCP) to My Tax Filing?
Learn how to correctly add a child care provider to your tax filing, ensuring compliance with requirements and optimizing deductions for eligible expenses.
Does a Divorce Decree Override Federal Tax Laws?
Understand how federal tax laws interact with divorce decrees and what takes precedence when determining tax obligations after a divorce.
Can You Claim the Solar Tax Credit When Financing Your System?
Learn how financing your solar system impacts eligibility for the federal tax credit and what to consider when claiming it on your tax return.
What Is the ST124 Form and How Is It Used in Capital Improvements?
Learn how the ST-124 form supports tax-exempt capital improvements, who can use it, and the documentation needed for compliance.
What Is IT-204-LL and Who Needs to File It?
Learn who needs to file Form IT-204-LL, how to determine the filing fee, and the steps for submission to stay compliant with tax requirements.
Do You Need an LLC to Booth Rent as a Hair Stylist?
Understand the legal and financial considerations of booth renting as a hair stylist, including business registration, taxes, liability, and salon agreements.
How to Get Old 1099 Forms: Steps to Access Past Tax Records
Learn how to locate old 1099 forms through personal records, payers, or the IRS, ensuring accurate tax reporting and financial record-keeping.
How to Find, Review, and File Your Stash 1099 Form
Learn how to locate, review, and accurately report your Stash 1099 form to ensure compliance and avoid common tax filing mistakes.
What Is a Substitute Form 1098 and Why Did You Receive It?
Learn why you received a substitute Form 1098, how to verify its details, and how to use it for accurate mortgage interest reporting on your tax return.
Passive Activity Loss Limitations When Married Filing Jointly
Understand how passive activity loss limitations apply when filing jointly, including key tax rules, participation requirements, and strategies for managing losses.
Does an LLC Have to Distribute All Profits?
Learn how LLCs manage profit distribution, retain earnings for growth, and navigate tax implications based on their operating agreements and structure.
How to Use IT-2105 for Estimated Tax Payments in New York
Learn how to accurately complete IT-2105 for New York estimated tax payments, including filing requirements, payment schedules, and income adjustments.
Is a Storage Unit Tax Deductible for Your Business?
Determine if your business storage unit expenses qualify for a tax deduction by understanding IRS criteria, usage distinctions, and proper record-keeping.
How to Access Past W-2 Forms and What You Need to Know
Learn how to retrieve past W-2 forms through employers or the IRS, understand eligibility requirements, potential fees, and best practices for recordkeeping.
Does an ADU Increase Property Taxes?
Adding an ADU can impact property taxes, but the extent depends on local assessments, property changes, and potential exemptions or credits.
How Can I Talk to a CPA for Free?
Discover practical ways to connect with a CPA for free, from community resources to online platforms, and make the most of your consultation.
How to Remove Deluxe From Your Cart on H&R Block
Learn how to remove Deluxe from your H&R Block cart, adjust fees accordingly, and ensure your final payment reflects the correct selection.
How to Pay California Franchise Tax and Avoid Penalties
Learn how to navigate California franchise tax requirements, payment methods, and potential adjustments to stay compliant and avoid unnecessary penalties.