What Is the 663(b) Election 65-Day Rule?
Explore how the 663(b) election provides fiduciaries with post-year-end flexibility to optimize tax outcomes by timing trust or estate distributions.
Auditing and Corporate Governance
Do 401k Withdrawals Count as Income Against Social Security?
401(k) withdrawals won’t reduce your Social Security payments, but they can affect how your benefits are taxed. Understand the key financial distinctions.
Does Tennessee Have Property Tax On Vehicles?
Explore Tennessee’s approach to vehicle taxes. While the state doesn’t levy a property tax on cars, local county fees can affect your registration costs.
When Are LLCs Considered Disregarded Entities?
An LLC’s federal tax status is distinct from its legal structure. Learn how this classification is determined by default and what choices owners have to modify it.
Do Farm Workers Pay Taxes? An Overview of Tax Rules
Agricultural labor follows a unique set of tax regulations. Understand how earnings and worker status affect tax withholding and payment responsibilities.
IAS 2 Inventories: Accounting Treatment and Rules
Explore the IFRS framework for inventory accounting under IAS 2, covering the principles for assigning cost and recognizing its impact on financial statements.
AS 2610: Predecessor and Successor Auditor Communication
AS 2610 provides the framework for essential communication between auditors, ensuring continuity and integrity when a company changes audit firms.
401k Withdrawal to Start a Business: Your Options
Compare the established methods for using your 401(k) to fund a business, each with unique rules, tax consequences, and procedural requirements.
State of Michigan Capital Gains Tax Rules
Learn how Michigan’s flat tax applies to capital gains and the specific state-level adjustments that modify your federal AGI for your state return.
How to Withdraw 401k Without Hardship
Navigating the rules for early 401k access requires understanding your plan’s provisions and the tax implications of each available withdrawal strategy.
How to Get the Form 990 for a Nonprofit
Understand a nonprofit’s financial health and governance by accessing its Form 990. Learn the official methods for locating these key public disclosure documents.
What Are Canada’s Generally Accepted Accounting Principles?
Canada’s accounting principles are not a single set of rules. Learn about the multi-standard framework and how to identify the correct one to apply.
What Are the Beneficiary RMD Rules for Inherited Accounts?
Inheriting a retirement account comes with complex withdrawal rules. Understand your specific obligations and timelines to manage your distributions and avoid tax penalties.
What Are the 457(b) Maximum Contribution Limits?
Navigate the rules for 457(b) contributions, including the different catch-up options and how your limits coordinate with other retirement accounts.
How to Forecast Depreciation and Create a Schedule
Gain a clear understanding of how to project an asset’s value over time, a crucial step for accurate financial statements and strategic planning.
Are Services Taxable in Massachusetts?
Discover the framework for sales tax on services in Massachusetts. Taxability often depends on a service’s connection to physical goods and specific state rules.
Does Utah Tax Social Security Benefits?
Learn how Utah’s tax system treats Social Security income. A state tax credit, based on your income, may reduce or eliminate the tax on your benefits.
What Are the Pillar 2 Model Rules & How Do They Work?
An overview of the Pillar 2 global minimum tax, explaining how this international framework redefines corporate tax obligations for multinational enterprises.
Capital Gains Tax Exemptions You Should Know About
Understand the tax provisions that allow you to legally reduce your liability from asset sales through key exclusions, deferrals, and planning strategies.
Do I Have to Take RMD If Still Working?
Working past the standard retirement age may allow you to delay distributions. Understand the critical exceptions and account-specific rules before deciding to postpone.