Accounting Concepts and Practices

Understand how different equipment lease structures impact tax deductions for small businesses and the key factors that determine eligibility.

Understand Oklahoma’s 1099 filing requirements, including income types, state tax rules, deadlines, and best practices for compliance.

Learn how to properly use the 501c3 form for donations, meet compliance requirements, and maintain accurate records to support your nonprofit’s tax-exempt status.

Understand the key rules for 401(b) withdrawals, including age requirements, tax implications, penalties, and exceptions to help you plan effectively.

Learn how residency status affects your U.S. tax refund, the steps to claim it from abroad, and how to handle state tax obligations when leaving the country.

Learn how to check the refund status of a 1041 estate tax return, explore tracking options, and understand common reasons for processing delays.

Understand when hazard insurance is tax-deductible, how to document costs, and where to report them based on property type and expense classification.

Understand how Medicare enrollment affects HSA contributions, potential penalties, and alternative options for maintaining tax-advantaged savings.

Learn when jewelry can qualify as a tax deduction, including business expenses, donations, and collectibles, plus key documentation requirements.

Understanding NYC residency can impact taxes, surcharges, and legal status. Learn how location and primary abode influence your classification.

Understand the key factors that determine if your parents can claim you as a dependent, even if you don’t live with them, and how it impacts tax filings.

Understand the tax implications of silent auction purchases, including deductibility rules, documentation requirements, and potential limitations.

Understand the key legal, tax, and procedural factors to consider before gifting your settlement check to someone else.

Learn how landlords can handle unpaid rent on their taxes, including deductibility rules, documentation needs, and potential impacts on rental income.

Learn how to navigate the pro-rata rule when using a Backdoor Roth strategy, ensuring accurate tax calculations and compliance with IRS guidelines.

Understand how bonus depreciation applies when you have a loss, including its impact on tax liability, net operating losses, and future deductions.

Learn the key factors that determine if an adult can be claimed as a dependent on taxes, including eligibility rules, financial support, and filing implications.

Learn how child support agencies handle joint bank accounts, when funds may be accessed, and what account holders can do to protect their shared assets.