What Are Considered Utility Expenses: Types, Deductions, and Leases
Learn what counts as utilities expenses, from the core service categories and exclusions to business and home office deductions and how leases handle them.
1099-B Cost Basis: Finding It When Box 1e Is Blank
Learn how to handle a 1099-B missing cost basis, from tracing your original cost through corporate actions and inherited shares to reporting it correctly.
Do I Need to File an Extension If I’m Getting a Refund?
Learn whether you need to file an extension if you're getting a refund, from penalty rules when no tax is owed to refund claim deadlines and state returns.
Inventory Revaluation Accounting: GAAP vs. IFRS Reversals
Learn how inventory revaluation differs under GAAP vs IFRS, from how each framework measures write-downs to when reversals are permitted and disclosed.
Date of Gift Rules for Charitable Contributions and Penalties
Learn how the date of gift rules for charitable contributions apply across asset types, from timing and delivery to documentation and penalties.
Is the 1098-T Taxable? Scholarships, Qualified Expenses, and Reporting
Learn whether the 1098-T is taxable, from how scholarships and qualified expenses interact to reporting the income and reconciling with your records.
Are Charity Raffle Tickets Tax Deductible? IRS Says No
Learn how charity raffle tickets are treated at tax time, from the IRS reasoning and rules for winners to the records to keep and pitfalls to avoid.
What Line on 1040 Shows Your Refund Amount?
Learn what line on 1040 shows your refund amount, from how it's calculated and paid out to why the final number may differ or change on an amended return.
Is Gross Income Before Taxes? Withholdings, Deductions, and Net Pay
Learn how gross income works before taxes, from what it includes and how paycheck withholdings shape net pay to why the gross figure still matters.
Zero Cost Basis: Causes, Tax Rules, and How to Report
Learn how zero cost basis assets are treated for federal tax, from the situations that create them through how sales are taxed, reported, and reduced.