How MLP Dividends Are Taxed: K-1s, Basis, and Section 199A
Learn how MLP distributions are taxed, from K-1 reporting and basis tracking while you hold units to the tax consequences when you sell or pass them on.
Where to Mail Your IRS Payment: Form 1040-V Addresses by State
Learn where to mail your IRS payment with Form 1040-V, from picking the right processing center to preparing your check or paying electronically.
Unit Investment Trust vs ETF: Portfolio, Trading, and Termination
Learn how a unit investment trust vs ETF comparison plays out, from portfolio structure and trading mechanics to costs, taxes, and what happens when the fund ends.
Is Jury Duty Pay Taxable and Reported to the IRS?
Learn how jury duty pay is taxed, from what counts as income and the forms courts issue to reporting it, handing it to your employer, and skipping service.
Do I Need to Send a 1099 to an LLC Taxed as an S Corp?
Learn how 1099 reporting rules apply when you pay an LLC taxed as an S corp, from verifying status with a W-9 to key exceptions and fixing filing mistakes.
Do State Nationals Pay Federal Income Taxes? Penalties and Prosecution
Learn how federal income taxes apply to state nationals, from who the tax code actually reaches to the penalties and prosecution risks that follow.
How to Manage Payroll Taxes for Out-of-State Employees
Learn how to manage payroll taxes for out-of-state employees, from identifying the taxing state to withholding, registration, and year-end reporting.
What Is Other Compensation on Form 990: Categories and Thresholds
Learn how other compensation on Form 990 is captured, from the benefits it includes and the reporting rules to what happens when items go unreported.
Is Consignment Included in Inventory? Reporting, Tax, and Creditors
Learn how consignment is included in inventory, from spotting true consignments and recording each side's books to tax reporting and creditor concerns.
Who Pays Excise Tax: Buyer, Seller, or Both?
Learn how who pays excise tax is determined across federal, state, and local systems, from seller and buyer liability to collection duties and exemptions.