1042 Lag Method: Withholding, Deposits, and Reporting
Learn how the 1042 lag method works for a withholding foreign partnership, from triggering and deposits to reporting, treaty rates, and required records.
Fiscal Agent vs Fiscal Sponsor: Liability and Donor Deductions
Learn how the fiscal agent vs fiscal sponsor distinction shapes a project, from money ownership and liability to donor deductions and picking the right fit.
If You Sell Your Car at a Loss, Is It Tax Deductible?
Learn how a tax deduction for selling a car at a loss works, from personal versus business use to calculating basis, depreciation traps, and reporting.
Can You Write Off Internet If You Work From Home?
Learn how writing off internet when working from home works, from who qualifies and figuring business use to claim methods and handling IRS challenges.
Form 5330 Instructions: Excise Taxes, Deadlines, and E-Filing
Learn how Form 5330 instructions work, from filing duties and deadlines through the excise taxes on benefit plan violations and options for correction.
IRS Form 6781: Section 1256 Contracts, Straddles, and the 60/40 Rule
Learn how IRS Form 6781 handles Section 1256 contracts and straddles, from qualifying trades and the 60/40 split to loss carrybacks and straddle elections.
Can I Have a Family HSA If My Spouse Is on Medicare?
Learn how a family HSA works when your spouse is on Medicare, from contribution eligibility and limits to timing pitfalls and fixing over-contributions.
How to Prove an Arm’s Length Transaction for the IRS
Learn how to prove an arm's length transaction to the IRS, from documentation and comparability analysis through pricing methods and penalty protection.
How to Fill Out Form 8949: Parts, Checkboxes, and Adjustment Codes
Learn how to fill out Form 8949, from sorting sales and matching broker reporting to handling adjustments and passing totals through to Schedule D.
Are In-Kind Donations Tax Deductible? Valuation, Limits, Forms
Learn how in-kind donations are tax deductible, from what qualifies and valuation to the paperwork, limits, and pitfalls that can shrink your deduction.