Passive vs. Nonpassive Income: IRS Rules Explained
Learn the IRS rules on passive vs nonpassive income and how they impact your tax obligations
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Tax Law Questions and Answers in South Dakota
Returns, audits, tax notices, liabilities, deductions, and compliance questions. Browse the South Dakota edition of this legal topic.
How to Calculate the NY HWB Tax Category
Learn how to calculate the NY HWB tax category with our expert guide, covering tax rates, exemptions, and more
Read articleHow to Deduct an Abandonment Loss Under Section 165
Learn how to deduct abandonment loss under Section 165, including eligibility and calculation requirements.
Read articleDoes Form 1098 Help With Taxes?
Discover how Form 1098 helps with taxes, including mortgage interest deductions and tax savings.
Read articleIRC Section 267: Related Party Losses and Deductions
Discover how IRC Section 267 impacts related party losses and deductions, and learn how to navigate its complexities with expert guidance
Read articleWhat to Do About a Balance Due on Return or Notice
Learn what steps to take if you receive a balance due notice from the IRS, including how to pay, appeal, or dispute the amount owed
Read articleWhen Is a Section 165 Loss a Reportable Transaction?
Discover when a Section 165 loss is considered a reportable transaction and understand the implications for your business
Read articleWhat Are the Requirements for a 1031 Exchange?
Discover the essential requirements for a successful 1031 exchange, including like-kind property, 45-day identification period, and 180-day exchange period.
Read articleDo Pawn Shops Charge Tax on Purchases and Loans?
Discover if pawn shops charge tax on purchases and loans, and understand the tax implications of buying and selling at a pawn shop.
Read articleYour Refund Has Been Applied to a Past Due IRS Tax Obligation
Learn what to do if the IRS applied your refund to a past due tax obligation, and how to resolve the issue with a professional tax consultant
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