What Happens If You Miss an Estimated Tax Payment?
Learn what happens if you miss an estimated tax payment, from how the penalty adds up and ways to reduce it to safe harbors, waivers, and state rules.
Depreciation Reserve: Definition, Calculation, and Tax Rules
Learn how a depreciation reserve works on the books, from calculating annual amounts and handling tax rules to keeping records and avoiding penalties.
Legal Requirements for House Sitting: Taxes, Wages, and Liability
Learn how the legal requirements for house sitting work, from setting up the arrangement in writing to the tax, wage, and liability rules that follow.
What Are Sin Taxes? Rates, Revenue, and Who Pays
Learn how sin taxes work in the United States, from the products and activities they cover to federal rates, where the money goes, and who ultimately pays.
Do Churches Pay Sales Tax? Exemption Certificates and Penalties
Learn how sales tax exemptions work for churches, from qualifying for a certificate to the situations where a church must still pay or collect the tax.
How to Divide Land Between Family: Methods, Deeds, and Taxes
Learn how to divide land between family members, from choosing a transfer method and preparing the paperwork to handling mortgages and tax consequences.
Can Sweat Equity Be a Capital Contribution? Tax Rules
Learn how sweat equity as a capital contribution is taxed, from partnership interest choices to corporate treatment and the drafting pitfalls to avoid.
Do You Have to Pay Sales Tax on International Purchases?
Learn how sales tax on international purchases works, from what sellers collect and what buyers owe their state to federal duties layered on top.
What Happens If You Don’t File Taxes for 2 Years?
Learn what happens if you don't file taxes for 2 years, from mounting penalties and IRS collection efforts to lost refunds and how to get back on track.
How Much Can a Tax Preparer Charge Legally: Federal Rules and Limits
Learn how much a tax preparer can legally charge under federal rules, from fee structures and required disclosures to what to do if you feel overcharged.