Investment and Financial Markets

Learn how to identify and correct excess Roth IRA contributions to avoid unnecessary taxes and penalties while staying compliant with IRS rules.

Understand how full-time student status impacts taxes, financial aid, and deductions, helping you navigate education-related financial decisions.

Learn how to efficiently e-file a tax extension online, including key steps, required information, payment considerations, and confirmation of your submission.

Learn how to request an underpayment penalty waiver, understand eligibility criteria, and navigate the submission process with the necessary documentation.

Learn how the tuition fees deduction works, who qualifies, what expenses are covered, and how it interacts with other education tax benefits.

Learn when you can leave the business address line blank on Schedule C and what alternatives to consider if an address is required for tax purposes.

Learn how to correctly enter the Utah TC-40E tax credit on your return, ensure proper documentation, and make adjustments if necessary.

Learn when to include a copy of your federal return with your California state tax filing and how submission methods impact documentation requirements.

Learn where and how to submit your ITIN application, including required documents, submission options, and processing timelines.

Learn how to accurately determine your Computershare cost basis after brokerage changes by tracking purchases, adjustments, and transfers for tax reporting.

Received a T2 form and unsure why? Learn common reasons it was issued and the steps you may need to take to stay compliant with tax requirements.

Understand how cell phone depreciation works for tax purposes, including recovery periods, methods, and business use considerations.

Learn how to navigate FUTA tax requirements, calculate liability, file correctly, and meet deadlines while maintaining accurate records for compliance.

Understand how to report business income, even if unpaid, and ensure compliance with tax regulations while maintaining accurate financial records.

Learn when sports tickets may qualify as a tax deduction, how donations impact eligibility, and the importance of proper record-keeping for compliance.

Learn how homeownership affects your tax filing, from deductions to shared expenses, and ensure accurate reporting when filing taxes with a co-owner.

Learn how Schedule E on Form 1040 reports supplemental income and impacts your tax liability, including key considerations for different income sources.