Accounting Concepts and Practices

Learn how Colorado’s PTC rebate supports eligible residents with property and rent costs, including qualifications, application steps, and payment details.

Learn how to accurately report Hurricane Ian-related losses on Form 4684, account for reimbursements, and maintain proper records for tax purposes.

Understand how escrow holdbacks affect your taxable income, including timing, classification, and reporting considerations for accurate tax compliance.

Understand Missouri’s nonresident income tax rules, including filing requirements, income allocation, and reciprocity agreements to ensure compliance.

Understand when title companies report real estate transactions to the IRS, how the 1099-S form applies, and what factors influence reporting requirements.

Understand why NYS 414h may be rejected in New York State filings, including common issues with contributions, filing procedures, and tax reporting.

Understand how inherited savings bonds are taxed, including cost basis rules, interest reporting, and key exceptions that may affect your tax liability.

Understand who must pay the Portland MET-40 tax, how to file correctly, available deductions, and payment options to stay compliant.

Learn the appropriate steps to obtain your ex-husband’s Social Security number for legitimate financial matters while respecting legal and privacy guidelines.

Understand how music royalties are taxed, including income classification, deductions, and reporting requirements for different types of royalty earnings.

Learn how to handle missing Uber 1099 forms, report income accurately, and stay compliant with tax regulations while keeping proper financial records.

Learn how subsidiary tax filing works, including entity classification, consolidation rules, and state and international considerations.

Understand the tax implications of temporary housing, including employer-paid arrangements, reimbursements, and different lodging types for workers.

Learn how to qualify for the Powerwall tax credit, what expenses may be covered, and the steps to properly claim it on your federal tax return.

Learn how to accurately enter Form 3922 in Lacerte, understand its impact on cost basis and tax calculations, and address potential adjustments or amendments.

Understand how mortgage payoff is handled in a home sale, how it differs from other closing costs, and its potential tax implications.

Understand how wash sale rules apply to ETFs, affecting tax efficiency and investment decisions, and learn key strategies for compliance and reporting.

Understand your tax withholding responsibilities for foreign contractors, including classification, documentation, and potential treaty benefits.

Understand the key steps, tax implications, and legal considerations when transferring property to your child to ensure a smooth and informed process.