Learn how material participation in rental property works under IRS rules, from the seven tests and key exceptions to handling losses and IRS challenges.
Learn what happens if a deceased person owes taxes, from who pays and which returns get filed to handling deadlines, shortfalls, and closing the estate.
Learn whether you need a new EIN when changing from sole proprietor to LLC, from the situations that trigger one through applying, updating, and closing out.
Learn how churches pay taxes on rental income, from the general exemption and the situations that override it to calculating and reporting what's owed.
Learn how much you can pay your child to work for your business, from reasonable wages and payroll tax rules to allowed work, recordkeeping, and retirement savings.
Learn how filing taxes works when you're on disability, from which benefits count as income to when a return is required and why filing can still help.