What Happens to My HSA If I No Longer Have an HDHP?
Learn what happens to your HSA if you no longer have an HDHP, from how your balance is treated to contribution rules and long-term planning options.
How to Fill Out Form 941-X for Employee Retention Credit
Learn how to fill out Form 941-X for the Employee Retention Credit, from eligibility and credit calculations to filing the amended return and next steps.
Can Schools Hold Your Federal Refund: 14-Day Rule and Limits
Learn how and when schools can hold your federal financial aid refund, from allowed deductions and authorizations to withdrawals and disputed holds.
Is Social Security Taxed Before or After Medicare Is Deducted?
Learn how Social Security is taxed before or after Medicare is deducted, from the figure the IRS relies on to where premiums may still lower your tax bill.
Allowance for Loan Losses: CECL Definition and Calculation
Learn how banks set the allowance for loan losses under CECL, from loss modeling and forecasts to financial statement reporting and reserve activity.
Section 266 Election: Capitalize Carrying Charges on Real Property
Learn how a Section 266 election works, from qualifying property and carrying charges to when capitalizing beats deducting and how to make the election.
Do You Have to Pay Taxes on Money Received as a Beneficiary?
Learn how taxes on money received as a beneficiary work, from the general exclusion to exceptions for retirement accounts, annuities, and inherited property.
How to Verify a PTIN and Check Your Tax Preparer
Learn how to verify a PTIN and vet your tax preparer, from checking your signed return and searching the IRS directory to spotting red flags and next steps.
What Is a Qualifying Relative? IRS Tests and Tax Benefits
Learn how the qualifying relative rules work for tax dependents, from the IRS eligibility tests through the credits and filing benefits a valid claim unlocks.
Interest Rate Swap Tax Treatment: Hedging, Timing, and Reporting
Learn how interest rate swap tax treatment works, from periodic payments and terminations through hedge identification and reporting requirements.