IRS Notice 609: The 1099-C, Exclusions, and Reporting
Learn how IRS Notice 609 ties to a canceled-debt 1099-C, from why forgiven debt is taxed to available exclusions and how to handle errors on your return.
Transfer on Death Tax Implications: Basis, Estate, and Income Tax
Learn how transfer on death tax implications play out, from stepped-up basis and estate or inheritance taxes to income tax on inherited assets.
General and Limited Partners: Liability, Pay, and Taxes
Learn how a general partner vs limited partner arrangement works, from control and personal liability to pay, taxes, and getting out of the deal.
Form 8606: Nondeductible IRAs, Basis Tracking, and Roth Conversions
Learn how Form 8606 tracks IRA basis, from nondeductible contributions and Roth conversions to distributions, inherited accounts, and filing penalties.
Is eBay Income Taxable? Hobby vs. Business, 1099-K, Deductions
Learn how eBay income is taxed, from selling personal items through hobby versus business classification to deductions and recordkeeping obligations.
How Do I Get a Copy of My IRS Form 1023? TEOS, Requests, and 1023-EZ
Learn how to get a copy of Form 1023, from checking the IRS's public search tools to requesting it from the filing organization or directly from the IRS.
How to Do a QCD From a 403(b): Rollover, RMD, and Reporting
Learn how to make a QCD from a 403(b), from rolling the funds into an IRA through handling RMDs, contribution rules, and reporting the gift at tax time.
Automatic Payroll Deductions: Withholding, Consent, and Garnishments
Learn how automatic payroll deductions work, from tax withholding and voluntary benefits to court-ordered garnishments and employer obligations.
What Is a Disallowed Loss? Causes, Reporting, and Penalties
Learn how a disallowed loss arises under federal tax law, from the transactions that trigger one to how it's reported and penalties for improper claims.
Primary Residence Capital Gains Tax: Exclusion, Limits, and Reporting
Learn how the primary residence capital gains tax exclusion works, from qualifying and figuring the gain to what stays taxable and how to report the sale.