72(t) Election: Methods, Allowed Change, and Recapture Penalty
Learn how a 72(t) election works, from choosing a calculation method and sizing payments to permitted changes and the penalty for breaking the schedule.
What Are Dependent Care Benefits on Your W-2?
Learn how dependent care benefits on your W-2 work, from exclusion limits and qualifying expenses to reconciling Box 10 and fixing reporting mistakes.
SIMPLE IRA Rollover to 401(k): The Two-Year Rule and Process
Learn how a SIMPLE IRA rollover to a 401(k) works, from the two-year waiting period and transfer methods to tax reporting and where the funds can land.
Forensic Audit Checklist: Scope, Evidence, and Reporting
Learn how a forensic audit checklist works, from scoping allegations and preserving evidence to analysis, reporting, and mandatory disclosures.
IRS Country Codes: Official List, Forms, and ISO Differences
Learn how IRS country codes function on federal tax forms, from the official list and its ISO differences to filing requirements and common errors.
IRS Form 3520: Foreign Trusts, Gifts, and Penalties
Learn how IRS Form 3520 works for US persons with foreign trusts or large foreign gifts, from what triggers a filing to reporting rules and penalty risks.
Prospective Financial Statements vs Pro Forma: When Each Applies
Learn how prospective financial statements vs pro forma differ, from forward-looking forecasts and projections to historical transaction adjustments.
Mexican Treasury Bonds: US Tax, FBAR, and FATCA Rules
Learn how US tax rules apply to Mexican Treasury bonds, from interest and currency gain treatment to foreign account reporting and key exceptions.
Do I Have to File Taxes If My Only Income Is Social Security?
Learn how taxes work when Social Security is your only income, from why benefits usually aren't taxable to exceptions and reasons you might file anyway.
DEDS Meaning on a Check: Withholdings, Garnishments, and Voluntary Items
Learn what DEDS means on a check, from required tax withholdings and voluntary payroll items to garnishments and how to review or dispute the total.