Defined Contribution Plan Accounting: ASC 962, Form 5500, and Audits
Learn how defined contribution plan accounting works, from employer contributions and ASC 962 reporting through audits, filings, and bonding rules.
What Is Form 1099-R and How Does It Affect Your Taxes?
Learn how to read Form 1099-R, from decoding the boxes and distribution codes to handling rollovers, penalties, and reporting amounts on your return.
Can You Contribute to a 529 for the Previous Year?
Learn how contributing to a 529 for the previous year works, from calendar-year cutoffs to the impact on state deductions and superfunding strategies.
Roth IRA for Married Filing Jointly: Limits and Backdoor Roth
Learn how a Roth IRA works for married couples filing jointly, from contribution and income rules to spousal accounts, backdoor conversions, and fixing overages.
Canada Savings Bonds: Redemption, CRA Reporting, and FBAR
Learn how to redeem Canada Savings Bonds, from cashing certificates through special situations like estates and registered plans to Canadian and U.S. tax reporting.
ADS Depreciation: How It Works, When It’s Required, and Electing In
Learn how ADS depreciation works, from the mechanics of the calculation to the situations that require it and the reasons taxpayers may choose to elect it.
Why Is My Bank Asking for a W-9? Triggers, Risks, and Scams
Learn why your bank is asking for a W-9, from the everyday triggers behind the request to the risks of ignoring it and how to spot impostor scams.
Are Entrance Fees for Retirement Communities Tax Deductible?
Learn how the retirement community entrance fee tax deduction works, from claiming the medical portion to refunds, ongoing fees, and paying for a parent.
QTIP Trust Defined: How It Works, Election, and Tax Rules
Learn how a QTIP trust works for married couples, from qualification and election rules to the tax consequences at the surviving spouse's death.
When Are EIC Tax Returns Processed: February Hold and March 2
Learn how EIC tax returns are processed, from the mid-February refund hold and typical deposit timing to tracking your status and handling delays.