Accounting Concepts and Practices

State tax apportionment for services hinges on where revenue is sourced: the location of the work performed or where the customer receives the benefit.

Explore the regulations for accessing funds from a SEP IRA. Learn how transactions are treated for tax purposes to avoid penalties and plan wisely.

Explore how Roth IRA dividends are treated. Learn how they grow tax-sheltered and why their classification as earnings is key to tax-free withdrawals.

Understand the unique tax structure of REITs. Learn how the different components of a single dividend are taxed and how this affects your investment’s return.

Investing in municipal bonds involves complex tax considerations. Learn how the exemption rules work and how they interact with other parts of your tax return.

FICA tax on disability pay follows unique rules separate from income tax. Learn how timing determines your liability for this temporary tax obligation.

In your 70s, specific guidelines govern IRA withdrawals. Learn how to manage your distributions correctly and understand their full financial impact on your retirement.

Altering the terms of a debt instrument can be considered a taxable exchange. Learn the tax principles that govern debt restructurings and their outcomes.

Learn to distinguish between your organization’s different tax-exempt identifiers and find the correct number needed for official or purchasing purposes.

The tax code can help offset costs incurred to work with an impairment. Learn how the IRS defines these expenses and the unique advantages of this deduction.

Understand your plan’s PCORI fee obligations. Our guide provides clarity on the IRS requirements to help plan sponsors ensure accurate compliance.

For TN visa holders, U.S. tax obligations depend on more than just income. Understand how your ties to your home country define your filing requirements.

The tax advantages of municipal bonds have key distinctions. Explore the tax treatment of gains when selling a muni, a crucial detail beyond tax-exempt interest.

Clarifies the core principles of the US-Colombia tax agreement, guiding residents and businesses through the key requirements for securing treaty benefits.

Learn how a specific IRS income figure determines your eligibility for tax benefits and how it differs from the calculation for your taxable income.