What Is Capital Gain Distribution and How Does It Work?
Understand capital gain distributions, their impact on investments, and how they affect taxes and fund share prices.
Investment and Financial Markets
Where to Report the Sale of Goodwill on Form 4797
Learn how to accurately report the sale of goodwill on Form 4797, including classification, basis determination, and necessary documentation.
Can You File a 1098-T for a Foreign University?
Explore the eligibility and process of filing a 1098-T for foreign universities, including IRS criteria and alternatives if not provided.
How to Deduct Costs for Non-Incidental Materials and Supplies as COGS
Learn how to accurately deduct non-incidental materials and supplies as COGS, ensuring compliance and optimizing your financial strategy.
Why Was My Alabama State Return Rejected With Code AL40-050?
Discover common reasons for Alabama state tax return rejections and learn how to resolve issues like invalid info and data entry errors.
Are Agent Fees Tax Deductible for Business or Personal Income?
Explore the tax implications of agent fees, distinguishing between business and personal expenses, and learn how to report and document deductions.
Can You Split Your Tax Refund Into Two Accounts? Here’s How
Learn how to efficiently split your tax refund into two accounts with this step-by-step guide, ensuring a smooth and accurate allocation process.
What Is Form IT 1040 and Do You Need to File It?
Understand the essentials of Form IT 1040, including who needs to file, income criteria, and available deductions to ensure compliance.
Why Does the IRS Send CP24 Notices?
Understand why the IRS issues CP24 notices, how they affect your refund and account balance, and what key information to look for.
Can I Contribute to a Roth IRA for the Previous Year?
Learn how to make previous-year contributions to a Roth IRA, including income limits, deadlines, and handling excess contributions effectively.
Do Depop Sales Require a 1099 Form for Tax Reporting?
Understand when Depop sales necessitate a 1099 form and explore the nuances of tax reporting for personal and business transactions.
Are Earthquake Retrofit Expenses Tax Deductible?
Explore the tax implications of earthquake retrofitting, including federal rules and potential local incentives, to optimize your financial planning.
What Is a State-Issued PIN and How Is It Used for Taxes?
Learn how a state-issued PIN enhances tax security, when it’s needed, and how to manage it effectively for seamless state tax filings.
Can You Rollover a Deferred Compensation Plan to an IRA?
Explore the possibilities and limitations of rolling over deferred compensation plans to an IRA, including tax implications and compliance requirements.
1099 Reporting for Easements: What You Need to Know
Navigate the complexities of 1099 reporting for easements with insights on form selection, income types, and accurate record-keeping.
Donating Inherited Property: What You Need to Know
Explore the essentials of donating inherited property, including ownership, valuation, documentation, tax considerations, and transfer procedures.
How Long Can an LLC Operate at a Loss Before Facing IRS Scrutiny?
Explore how long an LLC can sustain losses before attracting IRS attention, focusing on tax considerations and business classification.
What to Do If You Didn’t Get a 1099-R for a Life Insurance Surrender
Learn steps to take if you didn’t receive a 1099-R for a life insurance surrender, including tax implications and how to request missing forms.
Does Georgia Allow Section 179 Depreciation on Tax Returns?
Explore how Georgia’s tax regulations handle Section 179 depreciation and its differences from federal rules for accurate tax filing.
Can I Pay Federal Taxes Online Directly Through the IRS?
Learn how to efficiently pay your federal taxes online through the IRS, explore payment options, and manage your financial records securely.