Should You Get an EIN Before Your LLC Is Approved?
Learn how getting an EIN before LLC approval works, from IRS guidance and the risks of applying early to when it makes sense and fixing missteps.
Penalty for Having HSA and FSA: Excise Tax and How to Fix It
Learn how the penalty for having an HSA and FSA works, from why the overlap arises and what it costs to fixing excess contributions and employer errors.
Does Fed Med/EE Count as Federal Withholding?
Learn how Fed Med/EE compares to federal income tax withholding, from what the Medicare deduction covers to how each shows up on your W-2 and stub.
Do I Have to File Taxes if I Made Under $10,000?
Learn whether you have to file taxes if you made under $10,000, from the income thresholds and exceptions to the credits and refunds filing can unlock.
Schedule L Out of Balance: Diagnostic Sequence and Common Fixes
Learn how to work through a Schedule L out of balance, from gauging the discrepancy to tracking down issues across assets, liabilities, and equity.
IRS Tax Code Section 213(d) Eligible Medical Expenses
Learn how Section 213(d) eligible medical expenses work, from treatment and long-term care to insurance premiums, and who counts as a qualifying dependent.
How to Use Tax-Exempt Status at Hobby Lobby In-Store
Learn how to use tax-exempt status at Hobby Lobby in store, from eligibility and paperwork to checkout, correcting errors, and misuse penalties.
Can I Write Off Golf Clubs as a Business Expense?
Learn how writing off golf clubs as a business expense works, from why most players don't qualify to the narrow exceptions and related deductions.
Can My LLC Pay My Car Payment? Ownership, Reimbursement, and Records
Learn how your LLC can pay your car payment, from ownership and reimbursement structures to the tax, insurance, and liability issues that follow.
501(c)(3) Retirement Plans: 403(b), 457(b), Limits, and Catch-Ups
Learn how 501(c) retirement plans work for nonprofit and government employers, from plan types and contribution limits to unique catch-ups and withdrawals.