What Happens to a 401k Loan When You Die: Offset and Taxes
Learn what happens to a 401k loan when you die, from how the balance is settled against the account to the tax impact and what a beneficiary receives.
Is a Trust a Disregarded Entity? Revocable vs Irrevocable Rules
Learn when a trust is a disregarded entity, from revocable and irrevocable grantor rules to income reporting and what changes after the grantor dies.
What Is a TCC Certificate? IRS, State, and Contractor Uses
Learn how U.S. tax compliance certificates work, from federal and state proofs used for contracts and business sales to reading results and fixing issues.
What Happens if You Fail an IRS Audit: Penalties, Appeals, and Payment
Learn what happens if you fail an IRS audit, from the penalties and interest you may face to your options for appealing, reducing, and paying the bill.
Do You Have to Pay Taxes on a CD as a Beneficiary?
Learn how taxes on an inherited CD work, from the treatment of principal and interest to reporting responsibilities and IRA or state-level considerations.
What Is a UI Account Number and How Do You Get One?
Learn how a UI account number works for employers, from registering with a state agency through handling claims, wage reports, and closing the account.
Are Annuity Death Benefits Taxable to Beneficiaries?
Learn how annuity death benefits are taxed to beneficiaries, from qualified versus nonqualified rules to payout timing, spousal choices, and reporting.
Started an LLC and Never Used It? Costs, Risks, and Dissolution
Learn what happens if you started an LLC and never used it, from ongoing state and tax obligations to liability exposure and how to properly shut it down.
Certificate of Indebtedness: Treasury, Corporate, and Tax Rules
Learn how a certificate of indebtedness works, from TreasuryDirect holding accounts and corporate short-term borrowing to tax treatment and default rules.
If My Spouse Owes Back Taxes, Am I Responsible?
Learn when you are responsible for your spouse's back taxes, from how joint and separate filings affect liability to IRS relief programs and key deadlines.