Section 175: Soil and Water Conservation Deduction, Cap, and Recapture
Learn how the Section 175 soil and water conservation deduction works for farmers, from qualifying land and costs to annual caps, recapture, and elections.
Current Quarter’s Adjustment for Fractions of Cents: Form 941
Learn how the fractions of cents adjustment on Form 941 works, from why the rounding gap appears to how to calculate, report, and document it each quarter.
Does 1099 Income Get Reported to the IRS?
Learn how 1099 income is reported to the IRS, from the way payers file the forms and match them to your return through paying what you owe and fixing errors.
How to Check Your Tax Extension Status Online
Learn how to check your tax extension status, from confirming an electronic or mailed submission with the IRS to understanding acceptance, rejection, and next steps.
Excise Duty Meaning: How It’s Calculated and What It Taxes
Learn how excise duty works, from what the tax means and how it's calculated to the goods and activities it targets and how it compares with other consumption taxes.
Form 8949 in H&R Block: Import, Adjustment Codes, Schedule D
Learn how Form 8949 in H&R Block works, from importing transactions and classifying sales to applying adjustment codes and passing totals to Schedule D.
Investment Entity: Structure, RIC Election, and Carried Interest
Learn how an investment entity is structured and taxed, from entity choice and pass-through rules to carried interest, investor taxes, and fund accounting.
Recurring Item Exception Election: Requirements and How to Elect
Learn how the recurring item exception election works, from the qualifying requirements and filing steps to common uses and how to back out later.
Is a 403(b) Taxable? Contributions, Withdrawals, and RMDs
Learn how a 403(b) is taxed, from pre-tax and Roth contributions through withdrawals and penalties to rollovers, required distributions, and inheritance.
How Much Is the Average Tax Return With 1 Child?
Learn how the average tax refund with 1 child comes together, from the credits and filing status that shape it to custody rules and state add-ons.