Inherited HSA Rules: Spouse, Non-Spouse, and Estate Beneficiaries
Learn how inherited HSA rules work for spouses, other heirs, and estates, from tax treatment at death to reporting and planning steps for account owners.
How to Record Loan Forgiveness Accounting Entries
Learn how to record loan forgiveness accounting entries, from handling taxable and excluded amounts to lender-side bookkeeping and disclosure requirements.
Can Accounts Payable Be Negative? Causes, Fixes, and Reclassification
Learn how accounts payable can be negative, from the overpayments and credits that cause it to reclassifying the balance and preventing it from recurring.
Can a 1099 Employee Write Off Mileage? Methods, Logs, and Limits
Learn how a 1099 contractor can write off mileage, from choosing a method and logging qualifying trips to claiming the deduction and handling IRS scrutiny.
What Name Goes on a 1099: Line 1 vs. Line 2 by Entity Type
Learn what name goes on a 1099 for different types of recipients, from pulling the right details off a W-9 to fixing mismatches and handling IRS notices.
IRC Section 358: Basis Adjustments, Boot, and Holding Period
Learn how IRC Section 358 basis rules work in tax-free exchanges, from computing and adjusting basis to handling boot, liabilities, and holding periods.
Amazon Vine Program Taxes: 1099-NEC Threshold, Schedule C, and ETVs
Learn how Amazon Vine program taxes work, from valuing the products and classifying your activity to deductions, tax payments, and keeping records.
What Happens If You Put the Wrong Birthday on a Tax Return?
Learn how to handle a wrong birthday on a tax return, from fixing rejected e-files and amending accepted ones to dependent errors and state filings.
How to Amend an Invoice: Credit Notes, Tax Effects, and Penalties
Learn how to amend an invoice after it's been issued, from issuing credit or debit notes to the tax, ledger, and penalty implications you should expect.
Capital Gains on Vacant Land: Rates, Basis, and 1031 Exchanges
Learn how capital gains tax on vacant land works, from figuring your rate and basis to strategies for deferring or spreading the resulting tax bill.