Accounting Concepts and Practices

Understand the tax treatment for payments made to a government for legal violations. Learn the strict criteria that distinguish a deductible payment from a penalty.

Adjust your Colorado employee withholding to accurately reflect your personal finances and manage your annual state tax obligation.

Understand the distinct tax implications and mechanics behind funding an HSA, whether contributions are made by you or directly by your employer.

Understand the federal tax implications when selling Florida real estate. This guide covers how your taxable gain is determined and legal ways to reduce what you owe.

Gain a clear understanding of the tax principles for asset depreciation. Learn how to properly classify property and apply MACRS for accurate cost recovery.

Learn how Form 1040 Schedule 1 modifies your income calculation. This form is used to report certain financial details before finding your final AGI.

While generally no longer deductible for individuals, the tax treatment of investment advisory fees varies. Understand the key distinctions under current law.

The sale of a partnership interest to a partner has distinct tax outcomes for the seller’s gain, the buyer’s basis, and the partnership’s ongoing accounting.

Learn how U.S. tax law applies to your foreign property. This guide clarifies obligations for income, sales, and asset reporting to avoid double taxation.

For Oklahoma retirees, Social Security benefits are not subject to state income tax. Learn how the state deduction aligns with federal tax calculations.

Found an error on a submitted FBAR? This guide provides the necessary steps for preparing and filing an accurate amended report with the FinCEN.

Understand Form 8233, a key tool for non-resident aliens to properly manage U.S. tax withholding on personal services income by applying treaty benefits.

Terminating an Employee Stock Ownership Plan involves careful navigation of fiduciary duties, asset management, and final regulatory compliance.

Structure a compliant vehicle reimbursement program that combines a fixed allowance with mileage, ensuring you correctly manage employee tax consequences.

For American expats, Spanish tax on US retirement income depends on your residency and the specific pension type according to international agreements.

Learn how charitable donations are treated under the Alternative Minimum Tax and how the specific rules can inform your overall giving and tax strategy.