Prior-Years Basis in Inherited IRAs: Pro-Rata Rule and Form 8606
Learn how prior-years basis in an inherited IRA is claimed tax-free, from tracing the decedent's records to reporting withdrawals over your payout window.
What Happens If You Contribute Too Much to an IRA?
Learn what happens if you contribute too much to an IRA, from spotting an excess contribution to correcting it and handling the tax paperwork that follows.
Do I Need to Report a 401(k) Rollover on Taxes?
Learn how reporting a 401(k) rollover on taxes works, from the forms and return entries to indirect rollovers, missed deadlines, and Roth conversions.
Form 1095-D: Does It Exist and Why You Get 1095-B Instead
Learn how Form 1095-D relates to health coverage reporting, from the form you actually receive and its tax implications to state rules and fixing errors.
Famous Tax Court Cases That Shaped U.S. Tax Law
Learn how the famous tax court cases that shaped U.S. tax law built today's rules, from taxable income and deductions to gifts and business valuations.
Customer Deposits on Balance Sheet: Assets or Liabilities?
Learn how customer deposits on the balance sheet work, from recording and revenue recognition to refunds, tax timing, and financial statement impact.
What Is Capital Recapture? Sections 1245, 1250, and NIIT Impact
Learn how depreciation recapture works when you sell business assets, from the rules for equipment and real estate to common pitfalls and related investment taxes.
What Is a Payroll Deduction IRA? Limits, Taxes, and Rules
Learn how a payroll deduction IRA works, from paycheck-based contributions and tax rules to withdrawals, employer duties, and state auto-IRA mandates.
Are Prepaid Funeral Expenses Tax Deductible? Estate and Medicaid Rules
Learn how prepaid funeral expenses are treated for tax deductibility, from income and estate rules to gift tax considerations and Medicaid planning implications.
When Is Form 8832 Due? The 75-Day Window and Late Relief
Learn how the Form 8832 due date works, from the window around your chosen effective date through late filing relief and rules that shape when your election sticks.