What Are the RMD Changes from the SECURE 2.0 Act?
The SECURE 2.0 Act introduced key modifications to required minimum distribution rules. Learn how these updates impact retirement timelines and financial strategies.
Business and Accounting Technology
Should I Have a Separate LLC for Each Rental Property?
Deciding whether to use a separate LLC for each rental involves balancing liability protection against the costs and administrative duties of multiple entities.
Short Term Disability: Pre or Post Tax?
How you pay for short-term disability insurance determines if your benefits are taxable. Learn about the financial outcomes of pre-tax and post-tax premiums.
What Qualifies for Bonus Depreciation on a Rental Property?
For rental property owners, bonus depreciation applies not to the building, but to its components and improvements, creating important tax considerations.
How Is the Cost of Life Insurance Over $50,000 Taxed?
Your group life insurance policy can affect your taxes. Learn how coverage over $50,000 is valued as imputed income and how it impacts your total compensation.
How to Determine Fair Market Value for a Rental Property
Understand the crucial difference between a rental’s monthly income potential and its overall asset value for tax reporting and other financial calculations.
Farm Depreciation Rules for Agricultural Businesses
Learn the accounting principles for managing farm asset costs. This guide explains how to properly recover expenses to reduce your agricultural business’s tax liability.
How Does the Roth 401k to Roth IRA 5 Year Rule Work?
Rolling over a Roth 401k to a Roth IRA starts new timing clocks. Learn how these distinct 5-year rules affect when you can access your money tax- and penalty-free.
What Is the Standard Tax Deduction for 2024?
Understand the role of the standard deduction on your 2024 tax return, including how to determine your amount and decide if it’s your best option.
Non-Current Assets: Types and Examples
Explore the assets that underpin a company’s long-term strategy and value. Learn how these foundational resources are accounted for on the balance sheet.
IFRS 5-2: Accounting for Assets Held for Sale
Explore the accounting principles of IFRS 5, which dictates how the sale of assets and discontinued operations are reported for financial clarity.
How to Get My Property Tax Statement
Your property tax statement is a crucial document for your records. Learn the standard procedures for obtaining a copy from your local tax authority or lender.
What Is an MLI and How Does It Affect Tax Treaties?
Understand the framework that synchronizes changes across tax treaties and see how its flexible, country-specific rules alter international tax obligations.
Disproportionate S Corp Distributions: What Happens Next?
Unequal S Corp shareholder distributions can inadvertently threaten the entity’s tax status. Understand the risks and the steps to correct these common errors.
Taking Money From an IRA to Pay Off Debt
Accessing your IRA before retirement to handle debt is a complex decision. Understand the full financial implications to protect your long-term financial health.
Section 267(b): Related Party Transaction Rules
Discover how Section 267 governs transactions between connected parties, impacting how ownership is measured and when losses on property sales are deductible.
What Is Federal Adjusted Gross Income (AGI)?
Explore how Adjusted Gross Income (AGI) functions as a foundational figure in your tax calculation, impacting your eligibility for credits and deductions.
What Is Unrelated Business Taxable Income for a Nonprofit?
Even tax-exempt organizations may owe taxes. This guide explains the framework for evaluating business income to maintain compliance and manage financial obligations.
How to Qualify as a Materially Participating Real Estate Professional
Explore the tax designation that lets you deduct rental losses against other income and the rigorous record-keeping required to substantiate your status.
What Is a Public Benefit Corporation (PBC)?
Discover the legal framework of a Public Benefit Corporation, a for-profit entity designed to balance shareholder returns with a stated public mission.