Accounting Concepts and Practices

Understand how taxes impact a $750,000 windfall, including federal, state, and withholding considerations that affect your final amount.

Learn how to roll an ESOP into an IRA, key tax considerations, and common mistakes to avoid for a smooth and compliant transition of retirement funds.

Learn how to accurately report your UK State Pension on a U.S. tax return, including tax treaty considerations, currency conversion, and potential credits.

Learn how real estate losses can offset ordinary income, the eligibility requirements, and how tax rules impact deductions and carryovers.

Learn whether your LLC can cover gym memberships as a business expense, key tax considerations, and alternative ways to support wellness costs.

Learn how a spouse’s passing affects tax filing, including status changes, final return requirements, potential credits, and handling refunds or liabilities.

Learn who benefits from itemizing deductions in Oregon and how factors like taxes, mortgage interest, and medical costs impact your eligibility.

Understand how union dues are treated under New Jersey tax laws, which payments may be deductible, and what documentation is needed for accurate reporting.

Understand how lease classification and tax ownership impact depreciation eligibility for leased equipment and what it means for your tax strategy.

Learn how your 17-year-old’s eligibility for the Child Tax Credit is determined, including income limits, dependent status, and potential partial credits.

Learn when land improvements qualify for Section 179, which enhancements may be eligible, and the steps to properly claim this tax deduction.

Learn how Missouri car buyers can include sales tax in their auto loan, how it affects monthly payments, and the steps required for registration.

Learn how grandparents can contribute to a 529 plan, potential tax benefits, and key rules to consider for gifting, estate planning, and account control.

Learn when and how you can amend your tax return from Married Filing Separately to Jointly, including key requirements, deadlines, and potential tax impacts.

Learn how spouses can establish residency in different states for tax purposes, the potential benefits and challenges, and key factors to consider.

Understand how capital gains may be allocated between spouses based on ownership structures, tax filing status, and proper documentation.

Learn how to identify and correct multiple years of excess Roth IRA contributions while minimizing penalties and maintaining accurate financial records.