Can I Use a Registered Agent Address for My EIN?
Clarify the IRS distinctions for business addresses on an EIN application to determine the proper way to use your registered agent’s address.
Business and Accounting Technology
Rev. Rul. 99-5: Tax Treatment of LLC Conversions
Explore how IRS Rev. Rul. 99-5 guides the tax treatment for LLC ownership changes by defining the underlying deemed asset transactions for federal tax purposes.
FASB ASC 310-20: Accounting for Loan Fees and Costs
FASB ASC 310-20 requires loan fees and costs to be deferred and amortized, adjusting the loan’s yield to accurately reflect interest income over its life.
MVIC vs. Enterprise Value: What’s the Difference?
Learn the conceptual difference between MVIC and Enterprise Value. See how adjusting for non-operating assets isolates a company’s core operational worth.
How to Do a Backdoor Roth IRA With a SEP IRA
For self-employed individuals, a SEP IRA can interfere with a backdoor Roth strategy. Understand the steps to manage your retirement accounts for a clean conversion.
What Are the New Jersey SUI/SDI Tax Limits?
Understand New Jersey’s 2023 employee payroll tax limits. See how the rates and wage caps for state unemployment and disability insurance affect your pay.
Quick Ratio vs. Current Ratio: What’s the Difference?
Distinguish between the current and quick ratios to better evaluate a company’s liquidity and understand the critical role inventory plays in the assessment.
Trader Tax Status: What Is It and How to Qualify?
Understand the IRS rules that differentiate an active trader from an investor and how meeting the criteria can impact your tax obligations and planning strategies.
How to Calculate and Report FUTA Tax
Understand the key variables that determine your business’s FUTA tax liability, from the standard wage base and SUTA credits to state-specific adjustments.
ASC 715: Accounting for Retirement Benefits
A guide to ASC 715, explaining how companies translate complex retirement benefit promises into standardized reporting on the income statement and balance sheet.
What Happens to My HSA If I Change Jobs?
When you leave your job, your HSA funds remain yours. Explore the choices you have for your account and how to continue saving based on your health plan.
An Overview of Passive Loss Limitation Rules
Explore the tax limitations on deducting losses from business and rental activities, including how suspended losses are carried over and eventually released.
What Are Fiduciary Fees and How Are They Calculated?
Understand how compensation for fiduciary services is determined. This guide covers standard calculation methods and the factors that define a reasonable fee.
Form 1120-X: How to Amend a Corporate Tax Return
Learn how to properly correct a corporate tax return with Form 1120-X. Our guide covers the complete process, from gathering documents to navigating IRS responses.
How Does Writing Off a Car for Business Work?
Learn the framework for deducting business vehicle expenses. This guide clarifies the process for tracking use and correctly calculating your tax write-off.
Section 121 Exclusion After the Death of a Spouse
Learn how tax rules for a surviving spouse interact when selling a primary residence, including how to calculate gain and maximize the capital gains exclusion.
How to Pay Taxes as an Independent Contractor
Learn the tax framework for independent contractors. This guide provides a clear system for managing your financial obligations throughout the entire year.
Utah Residency Requirements for Tax Purposes
Understand how your permanent ties and time spent in Utah determine your residency status and what portion of your income is subject to state income tax.
Alimony Deduction on Taxes: Can You Claim It?
Understand the tax implications of alimony. The deductibility of payments hinges on your divorce agreement’s date, which determines the rules you must follow.
What Are the September Tax Deadlines?
Understand your tax obligations beyond the April deadline. This guide clarifies key September dates for taxpayers with specific filing and payment needs.