HSA Contributions on Your W-2: Code W, Form 8889, and Limits
Learn how HSA contributions on W-2 Box 12 Code W work, from what payroll bundles together and the tax savings to reporting and staying within limits.
Can a Sole Proprietor Have Employees? Payroll, Taxes, and Penalties
Learn how a sole proprietor can have employees, from setting up payroll and handling taxes to meeting reporting duties and avoiding personal penalties.
What Happens After Your Amended Return Is Completed?
Learn what happens after your amended return is completed, from tracking its progress and possible outcomes to handling IRS disputes and state filings.
How a Reverse Morris Transaction Works: Section 355 Tests and Basis
Learn how a Reverse Morris Trust works, from the spin-off and merger mechanics to the tax tests and basis issues that decide whether the deal holds up.
What Is a Foreign Grantor Trust? Taxation and IRS Reporting
Learn how a foreign grantor trust works under US tax rules, from what triggers grantor status and how the income is taxed to annual reporting and penalty risks.
Enrolled Agent vs Tax Preparer: IRS Representation and How to Verify
Learn how an enrolled agent differs from a tax preparer, from IRS representation and confidentiality to verifying credentials and knowing which you need.
What Is a Private Foundation? Rules, Taxes, and Deductions
Learn how a private foundation works, from the rules that set it apart from other charities to donor deductions, ongoing compliance, and winding down.
Can You Deduct Federal Taxes Paid for a Previous Year?
Learn how deducting federal taxes paid for a previous year works, from what isn't deductible to the state, local, and self-employment taxes that still are.
Walmart Stock Tax Forms: RSUs, ESPP, 3921, and 1099s
Learn how Walmart stock tax forms work, from the paperwork tied to grants, purchases, and sales through dividends, cost basis fixes, and recordkeeping.
What Is a Tax Notice? Meaning, How to Respond, and Your Rights
Learn what a tax notice is and how to handle one, from verifying the letter and meeting deadlines through responding, paying or appealing, and knowing your rights.