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Tax Glossary
What Is the 60-Day Rollover Rule?
The 60-day rollover rule is a strict IRS deadline that dictates how long you have to deposit a retirement account...
Tax Glossary
What Is a 457(b) Plan?
A 457(b) plan is an employer-sponsored, tax-advantaged retirement savings plan available to state and local government employees, as well as...
Tax Glossary
What Is a 403(b) Plan?
A 403(b) plan is an employer-sponsored retirement savings account designed specifically for employees of public schools, universities, churches, and certain...
Tax Glossary
What Is a 401(k) Plan?
A 401(k) plan is an employer-sponsored retirement savings account that offers powerful tax advantages to encourage workers to save for...
Tax Glossary
What Is the 10% Additional Tax?
The 10% additional tax is a federal penalty levy imposed by the IRS when you take an early distribution from...
US Taxation
IRS Audit Red Flags for 2025 and 2026 Tax Returns: What Actually Triggers Scrutiny
A visual representation of the ‘Algorithm’ replacing the human auditor. It illustrates the concept of the ‘Line Anomaly Recommender’ scanning...
![Tax-Free Reimbursements vs. Taxable Benefits: 2025 Accountable Plan Rules & Spouse Travel [IRS Pub 463 Guide]](https://ourtaxpartner.com/wp-content/uploads/2026/02/accountable-plan-rules-2025-1-1024x572.jpg)
US Taxation
Tax-Free Reimbursements vs. Taxable Benefits: 2025 Accountable Plan Rules & Spouse Travel [IRS Pub 463 Guide]
Tax-Free Reimbursements vs. Taxable Benefits: 2025 Accountable Plan Rules & Spouse Travel [IRS Pub 463 Guide] Ensure your business travel...
Tax Glossary
What Is “Form 5498”?
Form 5498 is an IRS information form that reports IRA activity such as contributions, rollovers, Roth IRA conversions, recharacterizations, and...
World Cup - USA
Won a World Cup Sweepstakes or Lottery in the US? Here is Your Tax Bill
A World Cup fan checks a winning sweepstakes ticket beside a sportsbook screen and travel documents. The 2026 FIFA World...
World Cup - USA
Betting on Your Home Team? US Tax Rules for Foreigners Winning Sports Bets
A World Cup fan reviews betting slips, U.S. dollars, and tax paperwork after a big sports win in the United...