Can You Contribute to Your IRA If You’re on Social Security?
Learn how contributing to an IRA works if you're on Social Security, from earned income rules and account options to tax effects and excess contributions.
Can I Write Off Church Donations on My Taxes? Rules, Limits, and Records
Learn how writing off church donations on taxes works, from itemizing rules and eligible gifts to recordkeeping, limits, and options for retirees.
Section 643(e)(3) Election: How It Works and When to Use It
Learn how the Section 643(e)(3) election works for estates and complex trusts, from filing mechanics to income flow and when it pays off or backfires.
Do You Have to Issue a 1099 for Purchase of Goods?
Learn when a 1099 is required for the purchase of goods, from the merchandise exception and mixed invoices to the narrow cases that still trigger a filing.
Trusteed IRA: SECURE Act Impact, Costs, and Setup
Learn how a trusteed IRA works after the SECURE Act, from the control and creditor protection it offers heirs to setup, costs, and trust alternatives.
What Can You Write Off as an Independent Contractor?
Learn what you can write off as an independent contractor, from everyday business expenses and home office use to retirement, health, and travel deductions.
1099 Name vs. Business Name: Sole Props, LLCs, and Corps
Learn how the choice between a 1099 name vs business name turns on your business structure, from W-9 setup through exemptions and fixing incorrect filings.
Form 1099-SA vs 5498-SA: Distributions, Contributions, Form 8889
Learn how Form 1099-SA vs 5498-SA track HSA and MSA activity, from distributions and contributions through Form 8889 reporting and reconciling mismatches.
Depreciation on Income Statement: Placement, Impact, and Methods
Learn how depreciation on the income statement works, from where the expense is buried and how it shapes key profit metrics to calculation methods and disclosures.
Do I Need to Issue a 1099 for Child Care? Rules and Exceptions
Learn when you need to issue a 1099 for child care, from the personal-expense rule and business exceptions to household employee rules and filing steps.