Accounting Concepts and Practices

Understand the process of payments to a deceased employee’s spouse, including required documentation, tax considerations, and available benefit options.

Understand Kaiser’s domestic partner requirements, including eligibility, documentation, potential costs, and tax implications for informed enrollment decisions.

Learn how to prepare a Section 751 statement for tax reporting, including key components, income allocation, and proper documentation for compliance.

Understand whether a septic system qualifies for Section 179 deductions by exploring its classification, eligibility factors, and potential depreciation options.

Learn how rental income is classified for tax purposes and when it may be subject to Social Security tax based on your level of involvement and services provided.

Learn how monthly advance tax credits impact your tax return, how to reconcile them with Form 1095-A, and what to do if adjustments are needed.

Understand the various costs associated with filing Form 1120S, including digital filing fees, professional services, state charges, and potential penalties.

Understand the essential FATCA requirements, including reporting obligations, thresholds, and exclusions, to ensure compliance with U.S. tax regulations.

Learn how an RV can qualify as a second home for tax purposes and what deductions may apply, helping you navigate tax benefits effectively.

Understand Form 1120S Schedule L, its role in financial reporting, and how it helps S corporations maintain accurate tax and accounting records.

Learn how to determine the correct entry for Line 29 of Form 1040, including relevant adjustments and how they interact with other tax return details.

Learn how to amend your North Carolina tax return, including required documents, filing options, potential adjustments, and expected processing times.

Understand the purpose of Line 20AG on a K-1, how it differs from other lines, and the steps for accurate reporting on your tax return.

Learn how to accurately complete Form 743, avoid common filing mistakes, and ensure a smooth submission process with this step-by-step guide.

Learn how to navigate 1099-K reporting when selling personal items at a loss, including key tax considerations and proper record-keeping practices.

Receiving a letter from the Ohio Department of Taxation can be routine or require action. Learn what it means, how to respond, and when to seek help.

Understand how life insurance loans are taxed, what triggers taxable events, and how policy changes may impact your financial obligations.

Understand how federal depreciation rules impact tax filings, including methods, deductions, and key considerations for accurate reporting and compliance.

Learn how to locate and interpret North Dakota school district codes for accurate tax filing and understand their role in tax allocation and financial reporting.