Is Laser Eye Surgery Tax Deductible? AGI Floor, HSAs, FSAs
Learn when laser eye surgery is tax deductible, from the medical expense rules and limits to pretax account options, timing choices, and recordkeeping.
What Is an IRS B Notice and How Should You Respond?
Learn how an IRS B notice works, from why your bank or payer sent it and how to respond through backup withholding consequences and fixing the mismatch.
IRS Form 3520: Filing Rules, Deadlines, and Penalties
Learn how IRS Form 3520 applies to U.S. persons with foreign trusts and large foreign gifts, from filing rules and deadlines to penalties and late fixes.
Standard Costing Under GAAP: ASC 330, Variances, and Materiality
Learn how standard costing works under GAAP, from when it's acceptable through variance treatment at period end and how it compares on the tax side.
Can an LLC Claim Lottery Winnings? Privacy, Taxes, and Steps
Learn how an LLC can claim lottery winnings, from state rules and privacy to taxes, gift tax pitfalls, and getting the paperwork right before you claim.
Section 263A Regulations: Capitalized Costs and Simplified Methods
Learn how the Section 263A UNICAP rules work, from who must capitalize which costs to simplified calculation methods and common compliance pitfalls.
Do I Have to Pay Taxes on Workers’ Compensation?
Learn how taxes on workers' compensation work, from the broad federal exemption to the settlement terms and benefit overlaps that can create a tax bill.
IRC 2513: Gift-Splitting Election, Form 709, and GST Exemption
Learn how the gift-splitting election works for married couples, from qualifying and filing the consent to its tax reach, liability, and audit exposure.
What Can I Write Off as a W-2 Employee? Adjustments and Credits
Learn what you can write off as a W-2 employee, from above-the-line income adjustments and itemized deductions to credits that reduce your tax bill.
What Happens If You Filed Taxes Wrong: Penalties and Form 1040-X
Learn what happens if you filed taxes wrong, from IRS corrections and penalty relief to amending your return, state fixes, and when errors turn criminal.