What Is Form 1098-F: Boxes, Deductibility, and Filing Rules
Learn how Form 1098-F works, from what it reports and when agencies must send one to which portions of a fine or settlement can still be deducted.
Is RV Loan Interest Tax Deductible? Rules, Caps, and Itemizing
Learn how RV loan interest tax deductions work, from the qualifying home requirements and debt limits to itemizing, filing your return, and rental use.
C Corp Distributions: Tiers, Dividend Tax, and Penalties
Learn how C corp distributions work, from tier ordering and shareholder taxes through property payouts, constructive dividends, and retention penalties.
What Are 501c3 Restrictions on the Sale of Property?
Learn how 501(c)(3) restrictions on the sale of property work, from pricing and board approval through regulatory reporting to the use of net proceeds.
Do C Corps Get a 1099: Exceptions, Verification, and Penalties
Learn how 1099 rules apply to C corps, from the general exemption and its key carve-outs to verifying status and the penalties for filing errors.
Is a Social Security Number the Same as a Tax ID?
Learn how a Social Security Number fits within the broader tax ID system, from the numbers the IRS uses to when businesses and other filers need a different one.
Spousal IRA Contribution Limits: Eligibility, Deadlines, and Phase-Outs
Learn how spousal IRA contribution limits work for married couples, from eligibility and income phase-outs to deadlines and excess contribution fixes.
Can You Claim a Newborn on Your Taxes If Born in December?
Learn how claiming a newborn born in December on your taxes works, from available credits and filing status options to the identification the IRS requires.
What Is Royalty Income and How Is It Taxed?
Learn how royalty income is taxed, from the divide between active creators and passive investors through deductions, special rates, and reporting rules.
What Does the Processing Date Mean on IRS Transcript?
Learn how the processing date on an IRS transcript fits with other posted dates, interest and assessment timing, and where to find it on your records.