Are Lunches a Business Expense? 50% and 100% Deduction Rules
Learn how the business lunch tax deduction works, from what qualifies and the usual limits to travel meals, recordkeeping, and handling IRS challenges.
1040 Line 6b: How to Calculate Taxable Social Security
Learn how to calculate the taxable Social Security for Form 1040 line 6b, from provisional income and thresholds to special situations and planning moves.
If a Father Pays Child Support, Can He Claim the Child on Taxes?
Learn how the IRS decides if a father paying child support can claim the child on taxes, from custodial rules to releasing the claim and handling disputes.
Does the IRS Know When You Buy Gold? Cash Limits and Sales
Learn how federal reporting shapes whether the IRS knows when you buy gold, from cash rules at purchase to sales reporting and the tax records you keep.
Terminating a Partnership Interest With Negative Capital Account
Learn how terminating a partnership interest with a negative capital account is taxed, from gain and passive losses to different exit routes and filing.
Captive Insurance Accounting: Statutory, GAAP, Reserves, and Tax
Learn how captive insurance accounting works across statutory, GAAP, and tax rules, from premiums and reserves to reinsurance and investment reporting.
Is an IRA Part of an Estate? Probate, Taxes, and the 10-Year Rule
Learn how an IRA is handled as part of an estate, from probate and federal estate tax to income tax on withdrawals, beneficiary choices, and creditor risk.
Taxes on Slot Machine Winnings: What You Owe the IRS
Learn how taxes on slot machine winnings work, from casino reporting and withholding to deductions, state obligations, and rules for pros and nonresidents.
How to Request an EIN Number: Online, Fax, Mail, or Phone
Learn how to request an EIN number from the IRS, from gathering your details and choosing a filing method to using the number and recovering it if lost.
How to Get a Tax ID for a Deceased Person’s Estate
Learn how to get a tax ID for a deceased person's estate, from confirming an EIN is needed through applying with the IRS and using the number afterward.