W-2 Box 12 Code E: 403(b) Deferrals, Limits, and Reporting
Learn how W-2 Box 12 Code E reports your 403(b) contributions, from its impact on taxable wages to deferral limits, excess amounts, and related credits.
How to Audit Expenses: Steps, Substantiation, and Penalties
Learn how to audit expenses, from planning and sampling through substantive testing, policy and tax compliance checks, and documenting findings and penalty exposure.
Is the Cost of Setting Up a Trust Tax Deductible?
Learn whether the cost of setting up a trust is tax deductible, from why upfront fees fall outside the rules to which ongoing expenses and filers still qualify.
IPO Tax Considerations: Equity, AMT, and Capital Gains
Learn how IPO tax considerations affect your equity, from how different awards are taxed and AMT exposure to selling shares and multi-state planning.
Can I Claim My 17-Year-Old as a Dependent? Tests and Credits
Learn how to claim a 17-year-old as a dependent, from the IRS qualifying tests and available tax credits to filing status and overlapping claims.
How Stock Options Are Reported on W-2 and 1099
Learn how stock options are reported on W-2 and 1099 forms, from employee and contractor exercises through incentive option grants to selling the shares.
How to File a 1099-C: Boxes, Deadlines, and Corrections
Learn how to file a 1099-C, from confirming the cancellation qualifies and completing the form to meeting IRS deadlines and fixing errors after filing.
Unrealized Loss Tax Deduction: Sale Trick, Limits, and Exceptions
Learn how the unrealized loss tax deduction works, from why paper losses aren't deductible to sale strategies, limits, and the exceptions that apply.
Capital Gains Tax on Land Sale: Rates, Exchanges, and Installments
Learn how capital gains tax on a land sale works, from figuring your gain and applicable rates to deferral strategies, special basis rules, and reporting.
Tax Treatment of Stock Issuance Costs: Capitalization and Exceptions
Learn how stock issuance costs tax treatment works, from capitalization and its exceptions to abandoned offerings and distinctions from related costs.