Do Short-Term Gains Offset Long-Term Losses?
Understand the specific tax process for offsetting investment gains with losses and how different holding periods affect your final tax obligation.
Accounting Concepts and Practices
What Are the IRS Imputed Interest Rules?
Understand the tax implications when a loan is made below the market rate. Learn how the IRS can assign interest, creating taxable events for both the lender and borrower.
What Is the Due Care Principle in the AICPA Code?
Understand the core principle that defines a CPA’s professional responsibility to perform services with thoroughness and sound judgment.
Do Senior Citizens on Social Security Have to File Taxes?
For seniors, your tax filing requirement depends on your total income, not just Social Security. Learn how these rules work and when filing may be beneficial.
990 Threshold: Determining Your Filing Requirement
Understand how your non-profit’s financial activity dictates its Form 990 filing requirement, ensuring accurate reporting and continued IRS compliance.
Should I Convert My IRA to a Roth?
A Roth IRA conversion involves weighing an immediate tax bill against long-term advantages. This guide provides a framework for analyzing if the move fits your goals.
What Wisconsin Tax Deductions Can I Claim?
Wisconsin offers multiple pathways for lowering your taxable income. Learn how to navigate your options to accurately file your state tax return.
How Much Tax on a $1,000 Florida Lottery Ticket?
Understand the tax implications for a $1,000 Florida lottery prize. Your final tax liability depends on your personal income, not a flat rate.
Do I Have to Charge VAT to Overseas Customers?
Determining VAT for overseas customers involves more than just their location. Understand how what you sell and who you sell to affects your tax obligations.
Estimated Tax Payments 2025: Deadlines and How to Pay
Manage your 2025 tax liability on non-wage income. This guide clarifies the process for making accurate quarterly payments to maintain compliance.
What Employee Welfare Plans Are Not Subject to ERISA?
Understanding the boundaries of ERISA is key for employers. Learn how factors like plan structure and an employer’s role determine if a plan is exempt.
Present Value vs. Future Value: What’s the Difference?
Explore the relationship between a dollar’s worth today versus its potential value tomorrow, a core principle for evaluating investments and savings.
When and How to Handle Asset Replacement
Move beyond reactive repairs. Learn a disciplined financial framework for deciding when to replace key business assets to support long-term stability.
What Is the Oregon Corporate Activity Tax?
Learn about Oregon’s Corporate Activity Tax, a tax on commercial activity rather than profit, and understand its key calculation and compliance requirements.
What Is Excess Taxable Income on Form 8990?
Understand the principles of the business interest expense limitation. This guide clarifies the function of Form 8990 and its impact on your tax return.
California 2024 Tax Brackets and Rates
Get a clear breakdown of California’s 2024 income tax system. This guide explains how your tax is calculated and clarifies rules unique to the state.
Can You Give Your 401k to Someone Else?
Federal law protects 401(k) assets for your retirement, but transfers are possible under strict rules. Understand the legal methods and financial consequences.
When Is an IRA Considered Community Property?
Understand the interplay between individual retirement accounts and marital property laws. Learn how to classify and handle shared assets within your IRA.
Who Is Eligible for the $800 Middle Class Tax Refund?
Find definitive answers on the one-time Middle Class Tax Refund. Learn the key factors that determined who qualified for a payment and the amount they received.
FTB 11: Filing the Application for Certificate of Revivor
Restore a suspended California business by obtaining a Certificate of Revivor. Learn the full process, from resolving FTB compliance issues to post-filing steps.