Accounting Concepts and Practices

Learn how to update your ITIN after a name change with this step-by-step guide, including required documents, submission process, and follow-up steps.

Understand how Iowa’s tax code treats bonus depreciation and what adjustments businesses may need to make on their state returns.

Learn how to e-file your state taxes separately after filing your federal return, including key steps, required documents, and how to address potential issues.

Understand how cash tips are reported on a paycheck stub, their impact on taxes, and what they mean for earnings, withholding, and deductions.

Learn how to track your Missouri amended tax return status, explore available inquiry methods, and understand potential processing timelines and adjustments.

Learn how to correct errors on your South Carolina tax return, adjust income or deductions, and navigate the amendment process efficiently.

Understand how North Carolina sales tax applies to different transactions, how local rates vary, and what businesses need to know about compliance and filing.

Learn when you might receive a refund for OASDI taxes, how to request one, and how to report adjustments on your tax return.

Understand how PayPal applies taxes to goods and services, what transactions are taxable, and the reporting requirements to stay compliant.

Learn what a Notice of Tax Return Change means, why adjustments happen, and how to review, respond, or appeal to ensure accuracy in your tax records.

Understand how life insurance proceeds, estate taxes, and policy withdrawals are treated under Illinois tax laws to make informed financial decisions.

Understand the tax treatment of lease acquisition costs, including capitalization, amortization, and key considerations for accurate financial reporting.

Understand how interest on CDs is taxed before maturity, including annual reporting, potential penalties, and tax withholding considerations.

Learn how to pay off your IRS installment agreement early by understanding payment options, finalizing your balance, and ensuring proper account closure.

Understand how MUD taxes impact homeowners, the factors that influence their duration, and what happens when municipal authorities assume control.

Learn when a youth sports team may need a Tax ID, how nonprofit status affects requirements, and the steps to stay compliant with tax regulations.

Learn how to accurately complete Form IT-203-ATT, ensuring proper income allocation, deductions, and tax adjustments for nonresidents and part-year residents.

Understand the key differences between short-term disability and paid family leave, including coverage, funding, eligibility, and tax implications.