What Does Annuitized Mean? Payouts, Taxes, and RMDs
Learn what annuitized means for your annuity, from how payouts and taxes work to the trade-offs around inflation, withdrawals, and insurer risk.
RIC Foreign Tax Credit: Form 1116, Holding Period, and Carryovers
Learn how the RIC foreign tax credit works for mutual fund shareholders, from fund reporting and holding rules to filing, carryovers, and adjustments.
How to File Married Separately Without Spouse’s SSN
Learn how to file married filing separately without your spouse's SSN, from qualifying exceptions and preparing the return to mailing and key tradeoffs.
Should I Claim My Child as a Dependent on My W-4?
Learn how claiming a child as a dependent on your W-4 works, from who qualifies and how withholding changes to keeping the number accurate over time.
Is Additional Paid-In Capital a Debit or Credit?
Learn how additional paid-in capital is treated as a debit or credit, from the equity transactions that build the account to the situations that reduce it.
How to Calculate Mortgage Interest Deduction Over $750,000
Learn how to calculate the mortgage interest deduction over $750,000, from confirming your loan limit and average balance to refinances and multiple homes.
Oil and Gas Audit Types: Financial, Royalty, and Regulatory
Learn how the main oil and gas audit types work, from financial and joint-venture reviews to royalty, regulatory, and industry tax examinations.
Franked and Unfranked Dividends: How They’re Taxed
Learn how franked and unfranked dividends are taxed, from franking credits and their impact on different taxpayers to holding rules and non-residents.
What to Do If You Get a 1099-C for an Old Debt
Learn how to handle a 1099-C for an old debt, from confirming the cancellation and exploring tax exclusions to filing your return and IRS follow-up.
How Taxes on Commission Work for Employees and 1099s
Learn how commissions are taxed for employees and 1099 contractors, from paycheck withholding through estimated payments and underpayment penalties.