Investment and Financial Markets

Learn how streamers should report donations for tax purposes, understand income classifications, and explore deductions to stay compliant.

Claiming a dependent by mistake can affect your tax return and may require corrections. Learn how to address the issue and navigate the IRS review process.

Understand how unemployment taxes apply to self-employed individuals, including state requirements, voluntary coverage, and business entity considerations.

Learn how to accurately report capital gains on your tax return, differentiate between short- and long-term gains, and apply strategies to manage tax liability.

Learn how Social Security benefits impact your eligibility for the Earned Income Credit and what factors determine whether you can claim it on your tax return.

Understand the tax implications of filing separately while married, including legal separation, state differences, and how income and deductions are handled.

Learn when issuing a 1099 to a family member is appropriate, how tax rules apply, and the key distinctions between compensation and gifts.

Understand the rules on using HSA funds for insurance premiums, how they differ from qualified expenses, and the potential tax implications involved.

Learn how to claim a stimulus check for a deceased person, including eligibility requirements, necessary documents, and the proper filing process.

Explore how tax payment plans work, including eligibility, costs, and potential consequences, to help you manage your tax obligations more effectively.

Understand the tax implications, penalties, and exceptions for early TRS withdrawals in Texas to make informed financial decisions about your retirement funds.

Learn the key financial steps to close a business in Virginia, from handling debts and taxes to managing final accounts and record-keeping obligations.

Understand how water softener depreciation works, including useful life estimates, tax implications, and methods for accurate financial tracking.

Understand the UCRP entry in Box 14 of your W-2, how it relates to retirement contributions, and its potential impact on your tax reporting.

Understand how gift tax rules apply when receiving $30,000 from your parents, including exclusions, limits, and necessary documentation.

Learn how rental and royalty income is reported on tax forms, which deductions apply, and how tax treatment varies based on income type and activity level.

Learn how the tip credit deduction helps businesses manage labor costs, comply with wage laws, and maintain accurate payroll records.