IRS $600 Threshold for Venmo and PayPal: 1099-K Reporting Rules
Learn how Venmo and PayPal tax rules work, from when a payment app must send a 1099-K to reporting the income, fixing errors, and keeping good records.
401(k) Loan Rules: Limits, Repayment, and Default Taxes
Learn how 401(k) loan rules work, from borrowing limits and repayment terms to what happens if you leave your job or default on the loan balance.
Notice of Tax Return Change: How to Read It and Respond
Learn how to read and respond to an IRS notice of tax return change, from why it was issued to agreeing, disputing, or seeking penalty relief.
What Does Code BB on Your W-2 Mean for Taxes?
Learn how Code BB on your W-2 factors into your return, from the Roth 403(b) contributions it reports to limits, reporting steps, and related credits.
Earnings Manipulation: Techniques, Red Flags, and Consequences
Learn how earnings manipulation works, from the tricks used to inflate results to the red flags investors can spot and the fallout when schemes unravel.
Writing Off Fixed Assets: Section 179, Bonus, and MACRS
Learn how writing off fixed assets works, from immediate expensing and accelerated deductions to gradual cost recovery, sales, and state differences.
Sprinkle Provision: Trustee Standards, HEMS, and Tax Effects
Learn how a sprinkle provision works, from the discretionary standards a trustee must follow to the tax planning benefits and practical trade-offs.
IRS Estate Tax ID: How to Apply and Close the Estate’s Account
Learn how to get an IRS estate tax ID, from who can apply and preparing the request to handling tax filings and closing the estate's account.
Do You Have to Pay Taxes on Inherited Property Reported on a 1099-S?
Learn how taxes on 1099-S inherited property work, from the stepped-up basis and figuring your gain to reporting the sale and handling special cases.
IRS Mailing Address for International Tax Returns
Learn how the IRS mailing address for international tax returns works, from individual and business filings abroad to extensions, amendments, and ITIN requests.