Can You Roll a Pension Into an IRA Without Paying Taxes?
Explore the tax-free process of rolling a pension into an IRA, including eligibility, rollover types, and key considerations.
Investment and Financial Markets
Spouse AGI Rejected? How to Fix and Resubmit Your Tax Return
Learn how to resolve and resubmit your tax return if your spouse’s AGI was rejected, ensuring a smooth filing process.
Why Was My JTHF Direct Deposit Amount Different Than Expected?
Understand the reasons behind unexpected JTHF direct deposit amounts and learn how to track, confirm, and resolve any discrepancies effectively.
What Is an Installment Sale and How Does It Work?
Explore the mechanics of installment sales, including payment terms, tax implications, and compliance essentials for informed financial decisions.
Can Personal Appearance Costs Qualify for a Tax Deduction?
Explore the nuances of tax deductions for personal appearance costs, including work-related apparel and grooming expenses.
Why Did I Not Get My Full Tax Refund? Common Reasons Explained
Discover common reasons for receiving a reduced tax refund, from offsets to reporting errors, and learn how to address these issues effectively.
Who Gets the SSA-1099 for a Deceased Parent and How to Use It?
Learn who is responsible for handling a deceased parent’s SSA-1099 and how to accurately report it on their final tax return.
Do You Owe Taxes on Bonds When Cashed In?
Understand the tax implications of cashing in bonds, including federal, state, and timing considerations, to ensure compliance and avoid penalties.
Where to Find MAGI on Tax Forms and How It Differs From AGI
Understand how to locate MAGI on tax forms and its differences from AGI, including key adjustments that affect your taxable income.
Sprintax Reviews: Is It the Right Tax Filing Service for You?
Discover if Sprintax is the ideal tax filing solution for nonresidents with insights on features, pricing, security, and user feedback.
Who Claims Parent PLUS Loans on Taxes?
Understand the tax implications of Parent PLUS Loans, including interest deductions, filing guidelines, and common misconceptions.
Where’s My Amended Return? Take Action on Extension 623
Learn how to navigate Extension 623 for amended returns, verify status, and gather necessary documentation for a smooth resolution.
Does Compensation of Officers in a C Corp Need to Be Fully Reported?
Explore the nuances of reporting officer compensation in a C Corp, including wages, dividends, and non-wage elements for tax compliance.
Who Issues 1099-S Forms for Real Estate Transactions?
Discover who is responsible for issuing 1099-S forms in real estate, the required information, and the importance of compliance.
Where Do I Report Deferred Income Payment on a 1099?
Learn how to accurately report deferred income payments on a 1099, ensuring compliance and clarity in your financial records.
Is SBA EIDL Loan Interest Tax Deductible?
Explore the nuances of SBA EIDL loan interest deductibility, including criteria, documentation, and factors that may impact your tax situation.
Do You Have to Pay Taxes on a 1099-S?
Understand the tax implications of receiving a 1099-S form and learn how to accurately report property transactions on your tax return.
Is a Substitute Form 1099-S the Same as an Official 1099-S?
Explore the differences between substitute and official 1099-S forms, including requirements and compliance with reporting deadlines.
What Is California Source Income and How Is It Determined?
Understand how California determines source income, including wages, business profits, rental income, capital gains, and royalties.
How to Handle a Schedule C Loss Carryforward Effectively
Learn strategies for managing Schedule C loss carryforwards, including allocation, tracking adjustments, and understanding filing requirements.