Investment and Financial Markets

Learn how to request an amended tax return transcript and interpret key updates, including income adjustments, credit changes, and withholding modifications.

Learn how Adjusted Gross Income (AGI) is calculated, its role in tax planning, and how it impacts deductions, credits, and overall financial decisions.

Learn when American Express issues a 1099-INT, how to access it, and what to do with the information for accurate tax reporting and record-keeping.

Understand the key differences between 1099 and K-1 tax forms, including issuance, tax implications, and filing responsibilities for various income types.

Learn how to accurately report Schedule K items on Form 1120-IC-DISC, ensuring compliance with filing requirements and proper coordination with shareholders.

Learn when a 1099-G is issued for paid family leave, how it differs from other tax forms, and what to do if you receive one.

Understand how Medicaid affects HSA eligibility, contributions, and tax implications to make informed decisions about your healthcare savings.

Learn who needs to file Form 8960, how it applies to different types of investment income, and how it interacts with other tax forms to determine net investment tax.

Understand how different equipment lease structures impact tax deductions for small businesses and the key factors that determine eligibility.

Understand Oklahoma’s 1099 filing requirements, including income types, state tax rules, deadlines, and best practices for compliance.

Learn how to accurately claim the American Opportunity Credit using Form 8863, Line 8, including key eligibility factors, qualified expenses, and reporting guidelines.

Learn how the Alternative Minimum Tax on Schedule 2, Line 1 affects certain taxpayers, how it’s calculated, and its impact on your overall tax liability.

Learn how to properly use the 501c3 form for donations, meet compliance requirements, and maintain accurate records to support your nonprofit’s tax-exempt status.

Understand the key rules for 401(b) withdrawals, including age requirements, tax implications, penalties, and exceptions to help you plan effectively.

Learn how to report a 1031 exchange involving two properties for one, including key deadlines, tax implications, and necessary filing requirements.

Learn how residency status affects your U.S. tax refund, the steps to claim it from abroad, and how to handle state tax obligations when leaving the country.

Learn how to check the refund status of a 1041 estate tax return, explore tracking options, and understand common reasons for processing delays.

Learn how your 401(k) participation and income level impact the deductibility of traditional IRA contributions, plus key rules to avoid penalties.

Discover which auto repair shop expenses mechanics can deduct on their taxes, from tools to utilities, and learn how proper recordkeeping can maximize savings.

Understand the tax implications of contributing to a 529 plan, including potential deductions, qualified expenses, and how it interacts with other education benefits.