Guides

Foreign Earned Income Exclusion vs. Foreign Tax Credit

Compare foreign earned income exclusion vs. foreign tax credit rules, required inputs, housing treatment, and Form 2555 and Form 1116 paths.

Compare state and local income, sales, use, estate, gift, and inheritance taxes, with the inputs and official rules each estimate needs.

Estimate capital gains from adjusted basis, selling costs, and holding period. Learn how tax lots and loss carryovers affect after-tax proceeds.

Check capital gains holding periods with acquisition and sale date examples, leap-year rules, trade-date guidance, and basis checks.

Compare Section 179, bonus depreciation, MACRS, and QBI in a planning worksheet, including deduction order, remaining basis, and limits.

Compare C corporation vs. S corporation tax at the business and owner levels, including salary, payroll taxes, dividends, and calculator limits.

Learn which records support freelancer deductions for mileage, a home office, and health insurance—and how to handle client reimbursements.

Compare estimated tax safe harbor rules with underpayment penalty calculations, including payment timing, withholding, and Form 2210 limits.

Compare estimated tax payments, withholding, and tax reserves. Understand safe-harbor targets, payment timing, and underpayment penalty limits.

Compare Section 179 vs. bonus depreciation inputs, including asset basis, service dates, annual limits, income restrictions, and elections.

Reconcile Form 1099-K gross payments with refunds, personal transfers, fees, shipping, and inventory costs to estimate business profit.

Check the business mileage rate, trip purpose, tax year, and dollars-per-mile input before estimating a deduction or handling reimbursements.