Does Prolonged Service Code G2212 Need a Modifier?
Navigate the intricacies of G2212 billing. Understand when and how to apply modifiers for this prolonged service code to ensure accurate claims.
Auditing and Corporate Governance
What Is a PTIN and Who Needs to Have One?
Understand the mandatory IRS identification for paid tax preparers. Learn who requires this credential, how to obtain it, and ensure ongoing compliance for your practice.
What Is a Vendor Number and How Do I Find It?
Understand the essential unique identifier used by businesses to manage supplier relationships and financial transactions, and learn how to find yours.
Is Income Averaging Still Allowed by the IRS?
Is income averaging still a valid tax strategy? Uncover its current IRS status, who can leverage it, and its specific application for eligible taxpayers.
How to Do Account Reconciliation: A Step-by-Step Process
Gain confidence in your financial data. Discover a clear, systematic approach to reconcile your accounts for complete accuracy and reliable reporting.
Does 401k Withdrawal Count as Earned Income?
Unpack the tax classification of 401k distributions and their effects on your eligibility for key tax benefits and future financial planning.
Periodic vs. Perpetual Inventory: What’s the Difference?
Uncover the foundational methods businesses use to track their stock. Understand the core distinctions and their practical implications for financial management and operations.
What if I Put in the Wrong Billing Address?
Understand the critical impact of billing address inaccuracies on your transactions and how to ensure smooth, secure online payments.
If I Make $1 Million a Year, How Much Will I Pay in Taxes?
The tax on $1 million isn’t fixed. Explore the personal circumstances and diverse income elements that shape your total tax obligation.
Does Wisconsin Tax Your Retirement Income?
Navigate Wisconsin’s retirement income tax laws with clarity. Discover what’s taxable, what’s exempt, and how state rules impact your financial planning.
S Corp QBI Deduction: How to Calculate and Claim It
The 20% pass-through deduction for S corps is a key tax benefit. Learn how your final deduction is shaped by factors beyond simple business profit.
What Is a Tax Opinion and When Do You Need One?
A formal tax opinion helps manage tax risk. Learn how this written analysis provides specific levels of assurance for penalty protection and transactions.
Partnership Redemption Tax Treatment and Rules
In a partnership redemption, tax treatment depends on how payments are structured, creating different outcomes for the departing partner and the remaining firm.
IRS Publication 502: Medical and Dental Expenses
Deducting medical expenses requires understanding specific IRS rules, not just saving receipts. Learn the key definitions and thresholds that determine eligibility.
IRC 1036: Tax-Free Exchange of Corporation Stock
Understand IRC Section 1036, a provision for deferring capital gains on certain stock-for-stock exchanges and its effect on your new share basis.
IRS MAGI: What It Is and How It Affects Your Taxes
Understand Modified Adjusted Gross Income (MAGI), the IRS calculation that determines your access to key tax breaks and other government benefits.
Company Stock in Your 401k: What Are the Tax Rules?
The tax treatment for company stock in a 401(k) differs from other assets. Understand the financial implications of your distribution choices.
What Is Form 8288-B and How to File It?
Explore the function of Form 8288-B, which allows foreign sellers of U.S. property to align tax withholding with their actual tax liability.
Do Net Operating Losses (NOLs) Expire?
Discover how the lifespan of a net operating loss is determined by when it was generated, reflecting key shifts in federal and state tax regulations.
Public Law 86-272: What Is Protected from State Income Tax?
Navigate the complexities of P.L. 86-272 to determine when out-of-state sales activities create state income tax liability in the modern digital economy.