Traditional IRA Example: Key Scenarios and How They Work
Explore key scenarios of Traditional IRAs, including contributions, withdrawals, and rollovers, to better understand their functionality and benefits.
Investment and Financial Markets
How Do You Know If You’re Getting Audited?
Learn how to recognize official audit notices, verify their legitimacy, and check your account status online for peace of mind.
Do You Need Receipts for Taxes? What to Know About Documentation
Learn about the importance of keeping receipts for taxes, what expenses need proof, and alternative documentation options.
Is Career Coaching Tax Deductible? What You Need to Know
Explore the tax implications of career coaching expenses and learn how to determine if your coaching fees qualify as deductible.
How Much Will an IRA Reduce My Taxes?
Discover how contributing to an IRA can lower your taxable income and optimize your tax savings effectively.
How Do I Report My Child’s Social Security Benefits on My Tax Return?
Learn how to accurately report your child’s Social Security benefits on your tax return, ensuring compliance and proper documentation.
How Does the Obama Care Tax on Capital Gains Work?
Explore how the Obama Care tax impacts capital gains, including thresholds, offsets, and coordination with other taxes.
Single Member LLC Married Filing Jointly: Tax Rules and Considerations
Explore tax rules and considerations for single-member LLCs filing jointly, including entity classification and spousal employment nuances.
Can Bio Parents Claim a Foster Child as a Dependent?
Explore the criteria and legal considerations for bio parents claiming a foster child as a dependent on taxes.
Federal EV Charger Tax Credit: Eligibility, Limits, and Filing Steps
Learn about the federal EV charger tax credit, including eligibility, limits, and how to file, to maximize your savings on electric vehicle infrastructure.
Voyager Bankruptcy Tax Loss: How to Report and Claim It
Learn how to report and claim tax losses from Voyager’s bankruptcy, including eligibility criteria and documentation requirements.
Was Any of Your Financial Aid Already Included as Income?
Understand how different types of financial aid can impact your taxable income and learn how to review your tax documents effectively.
What Is the Total Basis in Traditional IRAs and How Does It Work?
Understand the total basis in Traditional IRAs, its components, and how it affects tax reporting and distributions.
Can You Have an S Corp With No Employees?
Explore the feasibility and implications of operating an S Corp without employees, including ownership, tax, and recordkeeping insights.
What Is the NY HWB Tax Category and How Do I Report It?
Understand the NY HWB tax category, reporting requirements, and differences in income types for accurate tax filing.
Why Is My EIN Not Working and How to Fix Common Issues
Discover solutions for resolving issues with your EIN, from submission errors to IRS database inconsistencies and more.
How Do I Calculate the Adjusted Basis of a Home?
Learn how to determine your home’s adjusted basis for tax purposes by understanding key additions, reductions, and documentation methods.
Why Is My Oregon Tax Refund Taking Forever?
Discover reasons for Oregon tax refund delays, from processing issues to filing errors, and learn when to seek help for a smoother experience.
General Partner or LLC Member-Manager: Key Differences Explained
Explore the distinctions between general partners and LLC member-managers in terms of management, liability, ownership, taxes, and governance.
Do You Pay Taxes on a Cash-Out Refinance?
Understand the tax implications of a cash-out refinance, including potential tax liabilities and benefits related to mortgage interest and capital gains.