What Is IRC 25E? The Used Clean Vehicle Tax Credit
Learn how the used clean vehicle tax credit works, from buyer and vehicle eligibility through claiming the credit on your return and handling recapture.
When Does the Government Raise Taxes and Why?
Learn when the government raises taxes, from mounting deficits and national emergencies to demographic strains and the pressures of inflation over time.
Guaranteed Payments vs. Distributions: SE Tax, Basis, and K-1
Learn how guaranteed payments vs distributions tax treatment works for partners, from self-employment tax and basis rules to K-1 reporting and edge cases.
Tax Form 4835: Farm Rental Income, Passive Loss Limits, and SE Tax
Learn how Form 4835 covers share-rent farmland income, from when it applies through reporting rules to the tax treatment that follows on your return.
Why Do Companies Need a W-9 From Vendors: 1099s, Backup Withholding
Learn why companies need a W-9 from vendors, from tax reporting and backup withholding rules to which vendors are exempt and how to collect forms safely.
How to Get a Business EIN Number: Online, Mail, Fax, or Phone
Learn how to get a business EIN, from confirming you need one and gathering your details to picking an application method and storing the number safely.
Non-Operating Entity: Definition, Tax Rules, and Traps
Learn how a non-operating entity is taxed, from choosing a legal form and handling passive income and losses to avoiding traps and staying compliant.
What Is Considered Income for an Estate: Types, Taxes, and Deductions
Learn what is considered income for an estate, from the kinds of earnings assets generate after death to how those amounts are taxed and lawfully reduced.
Form 8975 Instructions for Country-by-Country Reporting
Learn how Form 8975 instructions guide U.S. multinationals through country-by-country reporting, from completing schedules to filing rules and penalties.
If You Win $1 Million, How Much Is Taxed: Federal, State, Payout
Learn how much tax you pay on 1 million dollars in winnings, from federal and state withholding through payout choices, shared prizes, and loss deductions.