How to Keep Track of eBay Sales for Taxes: Records, Tools, and 1099-K
Learn how to keep track of eBay sales for taxes, from logging income and expenses to choosing tools and reconciling everything against your 1099-K.
IRC 1296: The Mark-to-Market Election for PFIC Stock
Learn how the mark-to-market election for PFIC stock works, from eligibility and making the election through annual calculations, sales, and reporting.
What Home Improvements Are Tax Deductible When Selling?
Learn how home improvements become tax deductible when selling, from projects that qualify to how they cut your gain and the records to keep.
Is Retained Earnings Part of Owners’ Equity?
Learn how retained earnings fits within owners' equity, from what the account represents and how it shifts each period to why the classification matters.
IRS Publication 590: IRA Contributions, Rollovers, and RMDs
Learn how IRS Publication 590 shapes IRA rules, from contributions and income-based eligibility to rollovers, withdrawals, and required distributions.
Simple Trust vs. Complex Trust: Taxation, DNI, and the 65-Day Rule
Learn how the simple trust vs complex trust classification works, from the IRS tests and taxation rules to distribution planning and year-to-year changes.
1099-MISC for Gambling Winnings: W-2G, Losses, and Penalties
Learn how a 1099-MISC for gambling winnings compares to W-2G reporting, from handling payouts and losses on your return to withholding rules and penalties.
IRS 529 Plan Questions and Answers: Expenses, Penalties, Rollovers
Learn how 529 plan rules and qualified expenses work, from tax-free withdrawals and penalties to contributions, rollovers, and financial aid impact.
Form 3468: Rates, Bonuses, and Recapture Rules
Learn how Form 3468 works for claiming the energy investment tax credit, from qualifying projects and rate bonuses to filing steps, recapture, and transfers.
Topside Accounting: Entries, Auditor Scrutiny, and SOX Controls
Learn how topside accounting entries work in corporate consolidation, from their purpose at close through auditor scrutiny and the controls around them.