What Happens to a 529 If the Child Dies?
Learn what happens to a 529 plan if the child dies, from choosing a new family beneficiary to withdrawing the funds and updating the plan administrator.
Do S Corp Shareholders Have to Take Equal Distributions?
Learn how S corp distributions work among shareholders, from the pro-rata rule and reasonable pay to the mistakes that can jeopardize the S election.
Regulations Section 1.6081-5: Qualifying, Claiming, and Interest
Learn how the automatic 2-month extension for taxpayers abroad works, from who qualifies and how to claim it to how interest and penalties apply.
Form 8928: Covered Failures, Excise Tax, and Filing Deadlines
Learn how Form 8928 works for employers and plan sponsors, from the failures it covers and excise tax calculations to relief options and filing deadlines.
Can Tithes Be Deducted on Taxes? AGI Floor, Caps, and Records
Learn when tithes are tax deductible, from who can claim the write-off and which gifts qualify to the records, noncash rules, and timing to consider.
Can You Contribute to an HSA Outside of Payroll?
Learn how to contribute to an HSA outside of payroll, from eligibility and making deposits to claiming the deduction and handling excess contributions.
When Is Hazard Insurance Tax Deductible? Rentals and Home Offices
Learn when hazard insurance is tax deductible, from rentals and vacation homes to home offices, plus how to claim it and limits that can apply.
Capital Loss Carryback for Individuals: Section 1256 Contracts
Learn how capital loss carryback rules work for individuals, from the standard carryforward treatment and the Section 1256 exception to tracking losses.
What Is an Actuarial Report? Contents, Standards, and Filing
Learn what an actuarial report is, from its common uses and core contents to the assumptions, professional standards, and filing rules that govern it.
Can I Give My Child an Inheritance Early? Tax and Medicaid Rules
Learn how giving your child an inheritance early works, from gift and tax consequences to effects on benefits, aid, and your future Medicaid eligibility.