OpCo vs. HoldCo: Key Differences in Structure and Tax
Explore the strategic use of a holding company and operating company to insulate assets, manage liabilities, and optimize your overall tax position.
Accounting Concepts and Practices
Form 540-ES: How to Pay California Estimated Taxes
Navigate California’s estimated tax system. This guide clarifies how Form 540-ES is used to manage and submit quarterly state tax payments.
What Is the Net Leverage Ratio and Why Does It Matter?
A company’s net leverage ratio provides insight into its debt management and operational health, guiding key financial decisions for various stakeholders.
How Are PERS Retirement Benefits Taxed?
Explore the tax treatment of your PERS plan, from how contributions are handled to the federal and state rules that govern your income after you retire.
What Is a Vested Account Balance and How Does It Work?
Your retirement account balance includes employer funds you earn over time. Understand the rules that determine the actual amount you own and can take with you.
Is a Loss on Sale of Rental Property Ordinary or Capital?
Selling a rental property at a loss involves specific tax rules. Learn how the property’s use and your tax history determine how the loss is characterized and deducted.
Are Defined Benefit Plans Taxable Income?
Defined benefit plan income is typically taxable. This guide explains when you pay taxes on pension payments and the key rules affecting your overall liability.
How to Record an Adjusting Entry for Interest Expense
Learn the proper accounting process for accrued interest, a necessary adjustment for ensuring accurate financial statements and liability reporting.
Can a Sole Proprietor Use One EIN for Multiple Businesses?
Explore how an EIN is tied to the individual owner, not the business name, allowing sole proprietors to operate multiple ventures under one tax ID.
Can I Buy Multiple Properties in a 1031 Exchange?
Diversify your investments by exchanging one property for multiple. This guide explains the financial and procedural rules for a fully tax-deferred transaction.
ESOP Diversification Rules and Requirements
This overview explains the regulations governing ESOP diversification, helping participants understand their options for managing concentrated stock positions.
Which Deductions From Your Paycheck Are Voluntary?
Understand which paycheck deductions are within your control. Learn how your elective contributions for benefits and savings are processed and impact your take-home pay.
RSU Tax Implications: From Vesting to Selling
Learn the tax implications of your equity compensation. Understand how your shares are treated as both income and as an investment for tax purposes.
Can You Roll a 401(k) Into a 457 Plan?
Consolidating retirement funds? Moving a 401(k) to a 457 plan is possible, but eligibility hinges on the specific type of 457 plan you have.
Calculating the 1031 Exchange Replacement Property Value
A guide to the financial mechanics of a 1031 exchange, detailing how to structure your reinvestment to meet the requirements for full tax deferral.
ASC 470-50: Accounting for Debt Modifications & Extinguishments
Understand the critical analysis under ASC 470-50 that determines if a change in debt terms results in a new liability or an adjusted carrying value.
What Are the 1031 Related Party Rules?
A 1031 exchange with a related party involves distinct regulations. Learn how these rules function to protect the integrity of your tax-deferred status.
How to Report Royalties on Form 1099-MISC
Clarify the tax reporting process for royalty payments, including the specific obligations for payers and the financial consequences for recipients.
What Is Form 1099-NEC and Who Needs to File It?
Understand the function of Form 1099-NEC in tax reporting for nonemployee compensation, from business filing obligations to recipient responsibilities.
What Is the KC Earnings Tax and Who Pays It?
Understand the 1% Kansas City earnings tax. This guide clarifies how residency and work location determine your tax liability and filing requirements.