Plain-English guidance from our team of tax advisors and consultants on the moves that matter most for business owners and families.
QDRO taxes explained: the split is tax free, the alternate payee pays on withdrawal, and the IRC 72(t)(2)(C) penalty exception never reaches…
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Texas gift tax does not exist at the state level. See the 2026 federal annual exclusion, the $15 million exemption, and when…
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The donor advised fund tax deduction in 2026: the 60 and 30 percent ceilings, the new 0.5 percent floor, and why non-itemizers…
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The California late payment penalty is 5 percent of unpaid tax plus 0.5 percent a month for up to 40 months. How…
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Injured spouse relief recovers your share of a joint refund taken for your spouse's debt. How Form 8379 allocates it, and the…
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Texas payroll taxes include no state income tax withholding, but employers owe TWC unemployment tax at 0.32 to 6.32 percent on the…
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California nonresident withholding takes 7 percent of California source payments above $1,500. How Forms 590, 587, 588, and 592-B work after a…
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Form 3520 reports large foreign gifts and foreign trust transactions. The 2026 thresholds, the two penalty regimes, and what changed on assessment.
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A New York residency audit tests whether you truly left the state. What the Department reviews, how far back it can go,…
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Self employment tax Texas owners pay is federal, not state. The 15.3 percent under IRC 1401, the wage ceiling rule, and what…
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