Can You Deduct Sales Tax in Texas on Your Federal Return?
Explore how to navigate sales tax deductions in Texas, including itemization, qualifying expenses, and accurate reporting on your federal return.
Investment and Financial Markets
Who Should Claim a Child on Taxes if Unmarried Parents Live Together?
Discover how unmarried cohabiting parents can determine who claims a child on taxes, considering eligibility, residency, and tax credit impacts.
Can You Be a Member of an LLC Without Ownership?
Explore the roles and responsibilities in an LLC for non-owners, including management, voting rights, and the significance of the operating agreement.
Is Mortgage Insurance Tax Deductible for Rental Property?
Explore the nuances of mortgage insurance tax deductibility for rental properties, including criteria, income thresholds, and reporting essentials.
What Is Schedule IW and How Does It Impact Your Filing?
Understand Schedule IW’s role in your tax filing process, including requirements, income types, and withholding calculations.
What Is Form REV-1630 and How Do You File It?
Learn about Form REV-1630, its filing criteria, sections, submission process, and the importance of accurate recordkeeping.
How to Withdraw From a 403b Retirement Account
Learn the process of withdrawing from a 403b account, including eligibility, tax implications, and distribution options.
Where Does K-1 Box 20 Code N Go on Your Tax Return?
Understand how to accurately report K-1 Box 20 Code N on your tax return, ensuring compliance and clarity in your financial documentation.
How to Calculate SEP Contribution for an S Corp Owner
Learn how S Corp owners can accurately calculate SEP contributions, considering compensation, IRS limits, and essential recordkeeping.
Taxes After Divorce: What You Need to Know
Navigate post-divorce tax complexities with insights on filing status, dependents, and financial adjustments for a smoother transition.
How to Fax to the IRS: Steps for Sending Forms Successfully
Learn the essential steps for successfully faxing forms to the IRS, from finding the right number to ensuring confirmation.
How to Find Your Property GEOID for Form 8911
Discover practical methods to locate your property’s GEOID for accurate completion of IRS Form 8911, ensuring compliance and proper recordkeeping.
How Is the Amount Determined Under IRC in Effect for Wisconsin?
Explore how Wisconsin determines amounts under IRC, focusing on state-specific adjustments, deductions, and exclusions for accurate tax reporting.
Is Tuition Remission Taxable? What You Need to Know
Understand the tax implications of tuition remission, including when it’s taxable and how to report it effectively.
How to Use a Fair Market Value Calculator for Personal Property
Learn how to accurately assess personal property value using fair market value calculators and enhance your financial decision-making.
Can IRS Rental Property Travel Expenses Be Deducted?
Explore the nuances of deducting travel expenses for rental properties, including eligibility criteria and reporting requirements.
What Should You Do If Your Tax Extension Was Rejected?
Learn how to address a rejected tax extension by understanding common issues and preparing a revised submission effectively.
How to Prove Income for House Cleaning Work Effectively
Learn effective methods to verify your income as a house cleaner using various documentation and financial records.
Is Severance Pay Considered Earned Income for Tax Purposes?
Explore how severance pay is classified for tax purposes and its impact on withholding and eligibility for government benefits.
What Does Topic No. 152 Refund Information Mean?
Understand the nuances of Tax Topic 152, including refund processing, potential delays, and how to track your refund status effectively.