Can I File Federal and Not State Tax Returns?
Learn about the implications and guidelines of filing federal tax returns without filing state returns, including potential consequences and obligations.
Taxation and Regulatory Compliance
How to Access and File Your Ambetter 1095-A Form
Learn how to access, verify, and file your Ambetter 1095-A form for accurate tax credit reconciliation and ensure a smooth filing process.
Passive vs Active Income: Key Differences and Tax Implications
Explore the nuances of passive and active income, their tax implications, and the importance of accurate classification for financial planning.
Is Social Security Included in MAGI for Medicare Premiums?
Understand how your MAGI affects Medicare premiums and learn which income sources are considered in the calculation.
Why Did My Medicare Tax Go Up? Common Reasons Explained
Explore the factors that can lead to an increase in your Medicare tax, from income changes to government updates.
How to Complete IT-360.1 Instructions for Income Allocation
Learn how to accurately complete IT-360.1 for income allocation, ensuring compliance and clarity in your financial reporting.
When Can You File an Ohio Amended Tax Return?
Learn when and how to file an amended Ohio tax return, addressing changes in income, deductions, or personal status.
Does Cosmetology School Count as College for Tax Purposes?
Explore how cosmetology school is viewed for tax purposes, including accreditation, tuition, and potential tax credits.
California Bonus Depreciation: What Businesses Need to Know
Understand the essentials of California bonus depreciation, including eligibility, asset qualification, and calculation methods for businesses.
Can You Deduct Taxes on a Cash-Out Refinance?
Explore the tax implications of a cash-out refinance, including deductions on interest and fees, and how to prepare for filing.
Husband and Wife LLC for Rental Property: Key Financial Considerations
Explore the financial aspects of forming a husband and wife LLC for rental properties, focusing on liability, income, and efficient recordkeeping.
Do IRA Contributions Reduce MAGI? Here’s What You Need to Know
Explore how IRA contributions can impact your Modified Adjusted Gross Income and learn about deduction eligibility and reporting requirements.
What Is a Tax Credit Carryover and How Does It Work?
Understand how tax credit carryovers work, their types, criteria for claiming, and reporting steps for both personal and business contexts.
How to Find My PTIN Number: Step-by-Step Instructions
Discover how to easily retrieve your PTIN number with our clear, step-by-step guide, including online methods and IRS contact options.
Can You Efile Previous Year Taxes? How to Submit Past Tax Returns Online
Learn how to e-file past tax returns online, including eligibility, required documents, and handling potential errors.
What Is Unearned Income for a Child and How Is It Taxed?
Explore how unearned income for children is categorized and taxed, including filing requirements and parental reporting options.
Where to Deduct Meals on Schedule C for Business Expenses
Learn how to accurately deduct meal expenses on Schedule C, including criteria, documentation, and calculation tips for business tax efficiency.
What Is a Federal Asset Report and How Does It Work?
Learn how federal asset reports function, including filing requirements, asset classification, depreciation methods, and reporting gains and losses.
What Tax Breaks Do You Get for South Carolina Income Tax Over 65?
Explore the tax benefits available for South Carolina residents over 65, including exemptions and deductions on retirement income.
If I Filed Before Jan 30, Why Is My Tax Return Still Processing?
Understand why early tax returns may still be processing and learn steps to check status and address potential delays effectively.