Is Egg Donation Taxable Income? Reporting, Deductions, and 1099s
Learn how egg donation is taxable income under federal rules, from reporting your agency pay and self-employment tax to deductions and wider financial effects.
Can I Claim My Mother as a Dependent If She Receives SSI?
Learn how you can claim your mother as a dependent if she receives SSI, from the IRS qualifying tests and support rules to shared costs and recordkeeping.
How to Close a Single-Member LLC With the IRS: Final Returns and EIN
Learn how to close a single-member LLC with the IRS, from final tax filings and wrapping up assets and debts to deactivating your EIN and keeping records.
Is Tuition Remission Taxable? Graduate vs. Undergraduate
Learn how tuition remission is taxed for undergraduate and graduate study, from when the benefit is exempt to how it affects your W-2 and tax credits.
ACA Premium Tax Credit: Who Qualifies and How It’s Calculated
Learn how the ACA premium tax credit works, from who qualifies and how the amount is set through taking it monthly or at tax time and reconciling later.
Section 179 Business Income Limitation: Carryovers and Form 4562
Learn how the Section 179 business income limitation works, from active income rules and carryover treatment to reporting the calculation on Form 4562.
Who Started Taxing Social Security Benefits? The 1983 and 1993 Laws
Learn who started taxing Social Security benefits, from the original law through its later expansion to why the tax now reaches more retirees each year.
Constructive Distribution: IRS Targets, Shareholder Tax, and Penalties
Learn how a constructive distribution works in closely held corporations, from transactions the IRS targets to shareholder tax, penalties, and reporting.
IRS ERC Phone Number: Refund Status and When Not to Call
Learn how the IRS ERC phone number works, from checking refund status and authorizing a representative to knowing when another channel fits better.
Is There Tax on Water? Bottled, Tap, and Utility Bill Fees
Learn when there is tax on water across the United States, from bottled and tap purchases to business use and the extra charges on your utility bill.