Why Don’t I Have a Schedule 2 on My 1040?
Learn why you don't have a Schedule 2 on your 1040, from the extra federal taxes that trigger it to the situations worth a second look before you file.
Big R Restatement: Triggers, 8-K Disclosure, and Clawbacks
Learn how a Big R restatement plays out, from the errors that trigger it through required SEC filings, market consequences, and executive clawbacks.
What Is a Flexible Budget? Formula, Variances, and Limits
Learn how flexible budgets work, from building the model around actual activity to interpreting the variances and recognizing where the tool falls short.
Single-Member LLC S Corp Election: FICA Savings and Form 2553
Learn how a single-member LLC S corp election works, from the tax tradeoffs and filing requirements to ongoing obligations and reversing course later.
Where to Report a Class Action Settlement on Your Taxes
Learn where to report a class action settlement on your taxes, from choosing the right form and handling 1099 mismatches to attorney fees and estimated tax.
What Is Reclaimable Foreign Tax on Your 1099?
Learn how reclaimable tax on 1099 income works for self-employed filers, from refunds and estimated payments to deductions, adjustments, and recordkeeping.
AT&T Dividend: Cut, Spin-Off Cost Basis, and Tax Treatment
Learn how the AT&T dividend cut tied into the WarnerMedia spin-off, from the reasons behind it to cost basis allocation and current tax treatment.
1099-R Code 4D: Meaning, Taxable Amount, and Reporting
Learn how 1099-R code 4D works for inherited annuity and life insurance payouts, from computing the taxable gain to reporting and fixing it on your return.
Inherited IRA Rules: RMDs, the 10-Year Rule, and Taxes
Learn how inherited IRA rules work for different beneficiaries, from spouse and non-spouse options to distribution timelines, taxes, and costly penalties.
IRS Overpayment Refund: Delivery, Delays, and Offsets
Learn how an IRS overpayment refund reaches you, from delivery choices and common causes of delay to debt offsets and claiming money found after filing.