Salary for Kids From Parents: How to Report and Handle It
Learn how to manage and report salaries paid to children, including tax implications and necessary documentation for compliance.
Taxation and Regulatory Compliance
Can You Transfer an IRA to Another Person?
Explore the nuances of transferring IRA ownership, including inheritance rules, tax implications, and necessary documentation.
Solar Credit for Rental Property: How It Works and Tax Implications
Explore how solar credits apply to rental properties, including calculation methods, tax implications, and necessary documentation.
How Does Getting Married Affect Taxes?
Explore how marriage impacts your taxes, from filing status to deductions, and understand the financial nuances of tying the knot.
How to Sell Rental Property Without Paying Taxes
Discover strategies to sell your rental property tax-efficiently, including exchanges, reinvestments, and estate planning options.
Can You Contribute to a SEP and Traditional IRA at the Same Time?
Explore the rules and benefits of contributing to both SEP and Traditional IRAs, including eligibility, tax implications, and contribution limits.
What Is a 1040-ES Payment Voucher and When Do You Need It?
Understand the purpose of the 1040-ES Payment Voucher, when it’s needed, and how to accurately determine and submit your estimated tax payments.
Is Paying Someone’s Rent Considered a Gift for Tax Purposes?
Explore the tax implications of paying someone’s rent and understand when it qualifies as a gift, including reporting obligations and necessary documentation.
Is This Loan Secured by a Property You Own? How to Find Out
Discover how to determine if a loan is secured by your property through mortgage papers, title records, liens, and lender communications.
Where Can I File Form 1065 Online?
Learn how to efficiently file Form 1065 online, including technical requirements, necessary information, and filing procedures.
How to Avoid the California Health Insurance Penalty
Learn how to navigate exemptions, enrollment timelines, and documentation to avoid California’s health insurance penalty.
Can You Use an HSA to Pay a Debt Collector?
Explore how to use your HSA for medical debts, including paying collection agencies, while ensuring compliance and avoiding penalties.
Form 5329-T Year-End HSA Value: What to Do If You’re Missing It
Learn how to address missing HSA year-end values on Form 5329-T and ensure accurate tax filings with these practical steps.
Can I Claim My Stepson on Taxes if Not Married?
Explore the criteria and requirements for claiming a stepson on taxes without being married, including residency, custody, and financial support guidelines.
Why Is Box 9a on My 1099-R Blank and What Should I Do?
Understand why Box 9a on your 1099-R might be blank and learn the steps to address it for accurate tax filing.
Painting Depreciation Life: When to Expense or Capitalize Property Painting
Understand the nuances of expensing vs. capitalizing painting costs and their impact on property depreciation and tax documentation.
What Can Be Included as a Taxes and Licenses Expense on Schedule C?
Understand what qualifies as taxes and licenses expenses on Schedule C to optimize your business deductions and ensure compliance.
Is Credit Card Interest Deductible on Your Taxes?
Explore the nuances of credit card interest deductions on taxes, focusing on business expenses and essential documentation practices.
IRS Keeps Hanging Up on Me—How to Get Help Without the Frustration
Discover effective strategies to bypass IRS phone frustrations and access the help you need through alternative resources and updated protocols.
How Many Pages Is the 1040 Form When Fully Completed?
Discover the components and length of a fully completed 1040 tax form, including additional schedules and specialty forms.