Major Supreme Court Tax Cases and Their Rulings
Explore key Supreme Court decisions that clarify the government’s taxing authority and establish the foundational principles guiding modern U.S. tax policy.
Accounting Concepts and Practices
Are Property Taxes Constitutional in the United States?
Examine the legal foundation for property taxes in the U.S., focusing on the division of powers that establishes this authority primarily at the state level.
401(h) Plan: Rules for Funding Retiree Medical Benefits
Understand the strategic use of a 401(h) account, a separate fund within a pension plan designed for employers to pre-fund retiree medical costs tax-effectively.
Does Lottery Winnings Affect Social Security?
While a lottery win may not reduce certain earned benefits, it can affect your eligibility for needs-based aid and alter your overall tax liability.
Who Has to File Form 720: Federal Excise Tax Return?
Certain business activities create a federal excise tax liability. Learn to identify if you must file Form 720 and navigate the compliance process.
How Does the West Virginia Car Tax Work?
Understand the mechanics of West Virginia’s annual car tax. Learn how your vehicle’s assessed value and local levy rates determine your yearly tax payment.
Can You Contribute to a 401k After Age 72?
Working past age 72? It’s possible to keep saving in a 401k. Learn how ongoing contributions work alongside required minimum distribution (RMD) obligations.
Luxury Cars That Qualify for Section 179
Learn how specific vehicle weight and business use rules allow for a substantial tax deduction, bypassing the standard limits on luxury automobiles.
Can a Nursing Home Take Your 401k?
Discover how your 401k is treated when paying for long-term care and its role in qualifying for financial assistance for nursing home costs.
Washington State Vehicle Tax: How It Works
This guide clarifies Washington’s vehicle tax system, detailing how one-time and annual fees are calculated based on your vehicle and location.
What Is Form W-8ECI and Who Needs to File It?
Understand Form W-8ECI’s role for foreign persons earning U.S. income. Learn how it affects tax withholding and establishes subsequent U.S. tax return obligations.
Can I Withdraw Principal From 529 Without Penalty?
Understand the rules for taking a non-qualified 529 plan distribution. Learn how funds are allocated between contributions and earnings for tax purposes.
What Are the 5 Components of Internal Control?
Understand the foundational processes that enable an organization to manage risk, maintain reliable operations, and achieve its core objectives.
How Much Does It Cost to Set Up a 501(c)(3) Nonprofit?
Get a realistic financial overview for starting a 501(c)(3). Learn about the full range of costs, from mandatory filings to optional services.
What Are the Roth Conversion Penalty Rules?
Moving funds to a Roth IRA triggers a tax event and starts a clock on withdrawals. Discover the regulations that govern access to your converted retirement savings.
Can I Withdraw All My 401k at Once?
While you can withdraw your entire 401(k), doing so triggers specific tax rules and procedures. Learn the financial implications before making a move.
What Is the Par Value of Preferred Stock?
Understand the foundational role of par value in preferred stock, a fixed amount that influences investor returns and establishes shareholder standing.
Florida 529 vs. Florida Prepaid: What’s the Difference?
Understand the fundamental differences in how Florida’s two college savings plans handle investment growth, tuition guarantees, and financial flexibility.
K-1 vs. W-2: Key Tax and Income Differences
Explore the distinct tax responsibilities and reporting methods tied to receiving wages versus earning a share of a business’s profits or losses.
Can You Have More Than One EIN Number?
A business’s legal structure dictates its federal tax ID requirements. Learn how changes to your entity affect whether you need an additional EIN.