USPS EIN Number: W-2 Location and Retiree 1099-R Warning
Learn how the USPS EIN number shows up on employee and vendor tax forms, why retirees should not use it on pension paperwork, and how to track down a missing copy.
Does Amazon Report to the IRS? 1099-K, 1099-NEC, and Backup Withholding
Learn how and when Amazon reports seller income to the IRS, from product sales and affiliate commissions to tax obligations, mismatches, and withholding.
Do I Need to File a Tax Return for My Minor Child?
Learn when you need to file a tax return for your minor child, from income thresholds and sources to voluntary filings, dependent rules, and state returns.
Can a First-Time Home Buyer Use a 401(k)? Loans, Rollovers, Hardship
Learn how a first-time home buyer 401(k) withdrawal actually works, from penalty rules and loan or rollover options to hardship access and tax reporting.
Capital Losses for Married Filing Jointly: Rules and Carryover
Learn how capital losses work for married filing jointly returns, from calculating and deducting the net loss to carryovers and life changes like divorce.
Schedule K-1 (Form 1120-S): Boxes, Basis, and QBI Deduction
Learn how Schedule K-1 of Form 1120-S reports an S corporation's items on the 1040, from box entries and basis tracking to loss limits and deductions.
IRC 125 on Your W-2: Box 14, Box 12 Codes, and Wage Impact
Learn how IRC 125 on your W-2 shapes the form, from where cafeteria plan deductions land across wage and benefit boxes to their effect on taxable pay.
30/360 Day Count Convention: Rules, Variants, and Defaults
Learn how the 30/360 day count convention works, from its formula and month-end adjustments to its variants and where it applies across U.S. fixed income.
ITIN Dependent Tax Credits: $500 ODC, No CTC, and Head of Household
Learn how claiming a dependent with an ITIN works, from the credits and filing status you can still use to the dependency rules and ITIN timing issues to watch.
Audit Partner Rotation: Roles, Cooling-Off, and Exemptions
Learn how audit partner rotation rules work in public company audits, from covered partners and service limits to cooling-off periods and enforcement.