IRC 1367: S Corp Shareholder Basis Adjustments, Order, and Form 7203
Learn how S corp shareholder basis adjustments work, from yearly increases and decreases through ordering rules, debt basis, and shareholder reporting.
Where to Find Your 1095-A and What to Do If It’s Missing
Learn where to find your 1095-A through the Marketplace, from retrieving it online to handling missing forms, fixing errors, and why it matters at tax time.
Qualified Joint Venture: Election, Filing, and SE Tax for Spouses
Learn how the qualified joint venture election works for married business owners, from eligibility and filing mechanics to self-employment tax issues.
Inherited IRA Withdrawal Rules: Beneficiary Types, RMDs, and Taxes
Learn how the inherited IRA withdrawal rules work, from beneficiary categories and distribution timelines to how withdrawals are taxed and penalties for missed RMDs.
American VEBA: Membership, Deduction Limits, and ERISA Duties
Learn how VEBA IRS rules govern these employee benefit trusts, from membership and governance through deductions, funding limits, and ERISA duties.
Is Finishing a Basement Tax Deductible? Rules and Exceptions
Learn how finishing a basement is treated for tax purposes, from its status as a capital improvement to the narrow situations that can create deductions.
What Is IRS Form 1099-A and How Does It Affect Your Taxes?
Learn how IRS Form 1099-A affects your taxes after foreclosure or abandonment, from the lender's report to handling gains, losses, and any canceled debt.
Is an Increase in Accounts Receivable a Use or Source of Cash?
Learn how an increase in accounts receivable affects cash, from the underlying mechanics to spotting problem balances and tax on uncollected revenue.
What Does Box 12 Code G Mean on Your W-2?
Learn how Box 12 Code G on your W-2 reflects 457(b) retirement contributions, from its effect on taxable wages to filing considerations and annual limits.
IRC 2053 Deductions: Funeral, Administration, and Claims
Learn how IRC 2053 deductions reduce a taxable estate, from funeral and settlement costs to creditor claims, secured debts, and executor filing choices.