501c3 Determination Letter: Key Fields, Copies, and How to Get One
Learn how a 501(c)(3) determination letter works, from reading its key fields and public charity status to obtaining, replacing, or verifying one.
Do You Pay Sales Tax When You Buy a House?
Learn how sales tax works when buying a house, from why it doesn't apply to real estate through the transfer taxes, closing charges, and rare exceptions.
How Much Do You Have to Make on Twitch to File Taxes?
Learn how much you have to make on Twitch to file taxes, from the federal thresholds that trigger a return to how hobby status and state rules apply.
Form 8872 Instructions: Schedules A and B, E-Filing, and Penalties
Learn how Form 8872 instructions guide Section 527 organizations through the report, from contributions and expenditures to e-filing and penalties.
Are Referral Bonuses Taxable? 1099-NEC, Gift Cards, State Tax
Learn how referral bonuses are taxed, from employer payroll withholding to outside payments and non-cash rewards, along with reporting rules and state tax.
What Is Cash Redemption? Definition, Products, and Tax Impact
Learn how cash redemption works, from selling mutual fund shares and cashing savings bonds to surrendering insurance and annuities, and what taxes apply.
Step-Up in Basis: How It Works and What Qualifies
Learn how the step-up in basis works for inherited assets, from valuation rules and ownership situations to trusts, sales, and documenting your new basis.
Qualified Property for Economic Stimulus: OBBBA Rate and Section 179
Learn how qualified property for economic stimulus works, from what assets qualify and timing rules to expensing alternatives and recapture at sale.
1098-T Adjustments for a Prior Year: Box 4 and Credit Recapture
Learn how a 1098-T Box 4 recapture works, from prior-year tuition adjustments to recalculating education credits and coordinating with 529 refunds.
Is Tax Abatement Good or Bad for Communities?
Learn how to judge whether tax abatements are good or bad for communities, from real costs and who pays to what separates a strong deal from a bad one.