Can Both Parents Claim a Dependent Care FSA? The $7,500 Household Cap
Learn how both parents can claim a dependent care FSA, from the household cap and splitting between employers to special rules and tax credit tradeoffs.
Does Your Pension Get Taxed? Federal, State, and Withholding Rules
Learn how your pension gets taxed, from federal and state rules to withholding, early withdrawals, and special situations that can change what you owe.
IRC 168(k)(7): Electing Out of Bonus Depreciation by Class
Learn how electing out of bonus depreciation under IRC 168(k)(7) works, from when it makes sense and how to file to depreciation afterward and revocation.
IRS Form 433-D Fax Number: Fax vs. Mail and What to Check
Learn how to submit IRS Form 433-D by fax, from finding the right fax number for your case to confirming your installment agreement is in place.
Can You Write Off a Credit Card Annual Fee? Business vs. Personal
Learn when a credit card annual fee is tax deductible, from business and rental use to personal, investment, and employee cards, plus how rewards factor in.
Prior Year Adjustment: Amended Returns, Deadlines, and Penalties
Learn how a prior year adjustment works, from restating financials through amending federal and state returns to meeting deadlines and paying penalties.
Goodwill Accounting Journal Entry: Acquisition, Impairment, Disposal
Learn how goodwill journal entries work through the life of an acquisition, from initial recognition through later impairment, amortization, and disposal.
Carried Forward Accounting: NOLs, Capital Losses, and Tax Credits
Learn how carried forward accounting works, from unused operating and capital losses to tax credits, deductions, and carryover basis across future returns.
What Is Other Income on Form 1099-MISC (Box 3)?
Learn how 1099-MISC Box 3 other income is handled, from what counts and where it's reported to withholding, estimated tax, and fixing incorrect forms.
Keogh Plan Distribution Rules: Taxes, Penalties, and Rollovers
Learn how Keogh plan distribution rules work, from withdrawal timing and taxes through required minimums to rollovers, loans, and spousal consent.