Can One Parent Claim EIC and the Other Child Tax Credit?
Learn how one parent can claim the EIC while the other takes the Child Tax Credit, from custodial rules and dependency releases to limits and records.
IRS Notice 98-52: 401(k) Safe Harbor Contributions and QACA Rules
Learn how safe harbor 401(k) rules work, from employer contributions and vesting to employee notices, QACA automatic enrollment, and mid-year plan changes.
Where to Find Roth IRA Contributions on Your W-2
Learn how Roth IRA contributions appear on a W-2, from the Box 12 codes and how the amount flows to other boxes to what to do if something looks off.
What Is a Sales Tax Number and Who Needs One?
Learn how a sales tax number works for a business, from who is required to register and how to apply through what it enables and the risks of not having one.
Income Tax Treaty Between the US and Canada: Withholding and Pensions
Learn how the US-Canada tax treaty coordinates cross-border taxation, from residency and withholding to retirement accounts, estate tax, and reporting.
Code T on Your 1099-R: Roth IRA Tax and Reporting Rules
Learn how Code T on a 1099-R affects your Roth IRA distribution, from what the code signals and how to report it to fixing errors and inherited accounts.
How UTMA Capital Gains Are Taxed: Tiers, Kiddie Tax, NIIT
Learn how UTMA capital gains are taxed, from the tiered brackets and Kiddie Tax reach through reporting choices, basis pitfalls, and the surtax that can apply.
What Is Form 2210 AI? Schedule AI and Annualized Installments
Learn how Form 2210 Schedule AI adjusts estimated tax penalties for uneven income, from quarterly annualization to withholding and self-employed filers.
Portfolio Deductions: Interest, Capital Losses, and Foreign Taxes
Learn which investment costs are deductible for individual investors, from interest and capital losses to foreign taxes, bond premiums, and rental activity.
What Are IT General Controls? Access, Change, and Operations
Learn how IT general controls work, from the domains that safeguard technology and cloud environments to how auditors test them and how companies prepare.