529 Disability Exception: How to Withdraw Funds
When a 529 beneficiary has a disability, the plan’s purpose can shift. Understand the regulations for accessing funds and managing the account’s future.
When a 529 beneficiary has a disability, the plan’s purpose can shift. Understand the regulations for accessing funds and managing the account’s future.
Using your Dependent Care FSA to pay a family member is possible, but it creates important tax and documentation responsibilities for you and the caregiver.
Idaho’s tax code handles business asset write-offs differently than federal law, creating a separate depreciation schedule for your state return.
Ensure your Form 4506-T tax transcript request is processed correctly by using the proper IRS submission address and fax number for your specific location.
Get clear answers on Connecticut’s mileage tax. We explain the current law for heavy commercial vehicles and clarify the status of a broader tax for cars.
Understand the key dates for meeting your Arkansas state tax responsibilities. This guide clarifies filing and payment timelines to help you stay compliant.
An inheritance buyout creates distinct tax outcomes for the seller and buyer. Learn how the property’s value at the time of death shapes these results.
Converting an inherited IRA to a Roth IRA depends on your beneficiary status. Understand the nuanced rules and tax implications to make an informed financial decision.
Navigate the complete process for filing a California S Corp tax return. This guide covers preparing Form 40 to meet all Franchise Tax Board obligations.
Learn the purpose of IRS Form 637 registration, a necessary step for certain businesses to conduct specific federal excise tax-free transactions.
Understand the IRS’s distinction between child support and earned income and how this classification affects your overall tax obligations and financial planning.
Learn how a distribution from your retirement plan is reported on Form 1099-R and what the information means for correctly filing your taxes.
Correctly identifying a dependent is a key step in reducing your tax bill. Understand the IRS framework for who qualifies and the resulting financial benefits.
Learn how the way you pay for certain insurance premiums can reduce your current tax bill and influence the tax treatment of any benefits you receive later.
Understand the tax provisions for financial recovery after a federally declared disaster. This guide explains IRS Publication 3833 and its key rules.
Navigate the shifting rules for business asset deductions. Understand the current law for 2024 and a key legislative proposal that may restore 100% bonus depreciation.
A guide for Connecticut employers on managing state payroll tax compliance, from initial business registration to calculating and remitting payments.
Understand how your income, the assets you give, and provider policies interact to determine the tax deduction for your donor-advised fund contribution.
Learn how a specialized marital trust provides lifetime income to a spouse while preserving the principal for the beneficiaries you ultimately designate.
Understand the retirement savings options available to business owners. Explore the key decisions, setup process, and administrative duties for your company’s 401(k).