How to Claim the Maine Property Tax Fairness Credit
Learn how Maine’s refundable tax credit for homeowners and renters can provide property tax relief based on your annual income.
Auditing and Corporate Governance
What Is the Massachusetts Personal Exemption?
Understand the Massachusetts personal exemption, a state tax deduction that reduces your taxable income based on your filing status, dependents, and other criteria.
What Actually Counts as a Direct Deposit?
Not all electronic payments count as a direct deposit. Learn the specific processing details your bank looks for to see which transactions qualify.
Accounting for Common Control Transactions
Learn the distinct financial reporting principles for business combinations between entities under shared ownership, which differ from standard M&A accounting.
Is Cashing In a Life Insurance Policy Taxable?
Accessing your life insurance cash value can have tax implications. Learn how your total contributions and the method used determine your potential tax liability.
Estate Tax Exemption for a Non Citizen Spouse
Estate planning for a non-citizen spouse requires specific strategies to navigate U.S. tax law and defer taxes on inherited assets.
How Are Stock Options Taxed When Exercised?
Exercising stock options has significant tax consequences. Learn how the timing of your exercise and sale can affect your ordinary income and capital gains tax.
501(r) Final Regulations: Requirements for Hospitals
Understand the operational requirements tax-exempt hospitals must meet under 501(r) to align their financial practices with their community benefit obligations.
Is Social Security Taxable in Arizona?
Learn how Arizona’s state exemption on Social Security benefits fits into the larger picture of your federal tax obligations and overall retirement finances.
IFRS 10: Principles of Consolidated Financial Statements
Gain insight into IFRS 10, the standard that uses a single control model to determine when entities must be presented as a single economic unit.
Bitcoin and Taxes: What Is Taxable and How to Report It
Understand the essential tax principles for your Bitcoin activity. Learn how the IRS’s view on digital assets shapes your reporting obligations.
Gross Profit Margins: How to Calculate and Improve Them
Assess the core profitability of your sales. This guide provides a clear framework for measuring and improving the efficiency of your pricing and production costs.
Family Trust vs. Individual Trust: Key Differences
A trust’s design determines its purpose. Learn how beneficiary scope and trustee discretion create different outcomes for asset control and generational wealth.
NYS Solar Credit: Who Qualifies and How to Claim It
Reduce your New York State tax liability by installing solar. Our guide clarifies the key requirements and filing process for the state’s equipment credit.
Qualifying for the NJ Exit Tax Exemption
Selling New Jersey real estate involves a potential tax withholding on your gain. Learn the process for establishing an exemption from this required prepayment.
What Is an Accounting Information System?
Understand the framework businesses use to turn raw financial transactions into organized information for management, reporting, and decision-making.
How to Transfer S Corp Stock to a Family Member
Passing S Corp shares to a relative requires careful planning to manage tax outcomes and preserve the company’s crucial S election status.
Can You Transfer a 529 From Child to Grandchild?
Shifting a 529 plan to a grandchild is possible, but it’s essential to understand the effects on financial aid eligibility and potential tax liabilities.
How to Calculate Sales Tax on a Car With Trade-In
Understand how your vehicle’s trade-in value affects the sales tax calculation. The method used can impact your final purchase price depending on local tax laws.
What Is the Push Out Election for Partnership Audits?
Explore the procedural choice partnerships face after an IRS audit: paying a tax deficiency at the entity level or passing it to reviewed-year partners.