Can You File a 1098-T for a Foreign University?
Explore the eligibility and process of filing a 1098-T for foreign universities, including IRS criteria and alternatives if not provided.
Taxation and Regulatory Compliance
How to Deduct Costs for Non-Incidental Materials and Supplies as COGS
Learn how to accurately deduct non-incidental materials and supplies as COGS, ensuring compliance and optimizing your financial strategy.
Why Was My Alabama State Return Rejected With Code AL40-050?
Discover common reasons for Alabama state tax return rejections and learn how to resolve issues like invalid info and data entry errors.
Are Agent Fees Tax Deductible for Business or Personal Income?
Explore the tax implications of agent fees, distinguishing between business and personal expenses, and learn how to report and document deductions.
Can I Contribute to a Roth IRA for the Previous Year?
Learn how to make previous-year contributions to a Roth IRA, including income limits, deadlines, and handling excess contributions effectively.
Do Depop Sales Require a 1099 Form for Tax Reporting?
Understand when Depop sales necessitate a 1099 form and explore the nuances of tax reporting for personal and business transactions.
Are Earthquake Retrofit Expenses Tax Deductible?
Explore the tax implications of earthquake retrofitting, including federal rules and potential local incentives, to optimize your financial planning.
What Is a State-Issued PIN and How Is It Used for Taxes?
Learn how a state-issued PIN enhances tax security, when it’s needed, and how to manage it effectively for seamless state tax filings.
Can You Rollover a Deferred Compensation Plan to an IRA?
Explore the possibilities and limitations of rolling over deferred compensation plans to an IRA, including tax implications and compliance requirements.
1099 Reporting for Easements: What You Need to Know
Navigate the complexities of 1099 reporting for easements with insights on form selection, income types, and accurate record-keeping.
Donating Inherited Property: What You Need to Know
Explore the essentials of donating inherited property, including ownership, valuation, documentation, tax considerations, and transfer procedures.
How Long Can an LLC Operate at a Loss Before Facing IRS Scrutiny?
Explore how long an LLC can sustain losses before attracting IRS attention, focusing on tax considerations and business classification.
What to Do If You Didn’t Get a 1099-R for a Life Insurance Surrender
Learn steps to take if you didn’t receive a 1099-R for a life insurance surrender, including tax implications and how to request missing forms.
Does Georgia Allow Section 179 Depreciation on Tax Returns?
Explore how Georgia’s tax regulations handle Section 179 depreciation and its differences from federal rules for accurate tax filing.
Can You Transfer State Retirement to Another State?
Explore the nuances of transferring state retirement plans across states, including eligibility, tax implications, and coordination steps.
How to Use a 1031 Exchange Basis Worksheet for Tax Reporting
Learn to navigate tax reporting with a 1031 exchange basis worksheet, ensuring accurate calculation and reporting of adjusted basis and gains.
Can You Take a Hardship Withdrawal From Your 401(k) to Pay Taxes?
Explore the nuances of using a 401(k) hardship withdrawal to manage tax liabilities, including eligibility and potential tax implications.
Do I Need to File Form 2553 if My Business Is Already an S-Corp?
Understand the necessity of filing Form 2553 for your S-Corp, including eligibility, steps, and potential pitfalls.
How to Properly Submit the 1022 Tax Form for Your Filing Needs
Navigate the 1022 tax form process with ease. Learn eligibility, required info, steps, timelines, and how to avoid and correct common errors.
Why Is the Final K-1 Box Checked and What Does It Mean?
Understand the implications of a final K-1 box check, including ownership changes, liability allocations, and accurate reporting.