Do You Have to Report Scholarships on Your Taxes?
Learn how reporting scholarships on your taxes works, from what counts as taxable and how it's filed to rules for dependents and international students.
Can I Write Off Gifts to Clients? The $25 Per-Recipient Cap
Learn how writing off gifts to clients works under federal tax rules, from the per-recipient limit and key exceptions to where gifts become non-deductible.
Lapping Scheme: Signs, Controls, and Legal Consequences
Learn how a lapping scheme works, from the warning signs and controls that catch it to the legal consequences and options for recovering the loss.
Capital Gains on Precious Metals: Rates, Reporting, and Losses
Learn how the capital gains tax on precious metals works, from holding periods and cost basis through offsetting losses and reporting your sale to the IRS.
ESPP Offering Period: Lookback, $25,000 Limit, and Taxes
Learn how an ESPP offering period works, from purchase cycles and lookback pricing through contribution rules to how your shares are taxed at sale.
Progressive Tax System Examples: Brackets, Capital Gains, AMT
Learn how progressive tax system examples work across U.S. tax law, from federal income brackets and capital gains to estate taxes, the AMT, and state rates.
Is a Tax Refund Considered Income? Federal, State, and Interest
Learn when a tax refund is considered income, from why federal refunds stay tax-free to how state refunds and refund interest can raise your tax bill.
IRS Letter 106C: Why Your Credit Was Reduced and How to Respond
Learn how to respond to IRS Letter 106C, from why your Premium Tax Credit was reduced through fixing paperwork and pushing back on the disallowance.
What Does Certified Payroll Mean for Contractors?
Learn how certified payroll works for contractors on federally funded construction jobs, from weekly reporting and wage rules to classification and compliance.
IRS Tip Reporting Form 4070: Daily Records and Penalties
Learn how IRS Form 4070 works for tipped employees, from daily tip records and monthly reporting to penalties and how the new tip deduction fits in.