Ground Lease Tax Treatment for Lessors and Lessees
Understand the distinct tax implications of a ground lease, which creates separate financial outcomes for the landowner and the tenant developing the property.
Business and Accounting Technology
QLAC Rules on Contributions and RMDs
Understand how a Qualified Longevity Annuity Contract interacts with your retirement account balance for tax planning and generating future income.
How to Report a Wash Sale on Your Tax Return
A wash sale disallows an immediate tax loss. Learn the correct reporting procedure to defer that loss by adjusting the cost basis of replacement shares.
What Are the Taxes and Fees on an Airline Ticket?
Gain clarity on your airline ticket’s final price. This guide explains the composition of the cost, distinguishing between government and airline charges.
Form 8-K Item 5.02: Reporting Requirements
Navigate the reporting rules for Form 8-K Item 5.02, which governs disclosures related to a company’s executive and board-level changes.
Can You Contribute to a 401k After Age 70?
For those working later in life, contributing to a 401k is possible after 70. Learn the key considerations for balancing new savings with withdrawal rules.
Does eBay Automatically Collect Sales Tax?
Due to state laws, eBay now automatically handles sales tax. Learn how this system works and what your responsibilities are for reporting and compliance.
Rule 10b-18: The Safe Harbor for Stock Repurchases
Rule 10b-18 offers a structured framework that provides companies with regulatory certainty for executing stock repurchases in a non-manipulative manner.
What Are Cash and Cash Equivalents in Accounting?
Learn the principles for classifying a company’s most liquid assets and see how this key distinction informs analysis of its short-term solvency.
Do Required Minimum Distributions Count as Earned Income?
Learn why RMDs are considered ordinary income, not earned income, and how this affects your IRA contributions and the taxation of your Social Security benefits.
IRS Section 101: Are Life Insurance Benefits Taxable?
Gain clarity on the tax implications of life insurance benefits. Learn how Section 101 governs payouts and what factors can affect their tax-free status.
What Are New Mexico’s Taxes for Retirees?
Explore the financial implications of retiring in New Mexico. Understand the state’s tax structure and key relief programs available to seniors.
What Are Remaining Performance Obligations?
Understand Remaining Performance Obligations (RPO), a forward-looking financial metric that quantifies a company’s contracted, unearned revenue under ASC 606.
Rev. Rul. 71-27: Tax Treatment for Easement Payments
Explore the tax treatment for easement payments, where proceeds are considered a sale that affects property basis before creating a potential taxable gain.
Do Coin Dealers Report Sales to the IRS?
Understand when a coin dealer must report a sale to the IRS and how that differs from your own responsibility to report gains on your taxes.
IRS Publication 517 for Clergy and Religious Workers
Learn how the unique financial and employment structure of religious work impacts federal tax obligations and proper reporting according to IRS guidelines.
Michigan Fuel Tax Rates, Refunds, and Exemptions
Understand the financial structure of Michigan’s motor fuel tax, from how it’s calculated to the process for recovering taxes on non-highway use.
Can a W2 Employee Contribute to a SEP IRA?
Understand how your self-employment income, separate from your W2 wages, is the key to funding a SEP IRA and enhancing your retirement strategy.
How 417(e) Segment Rates Affect Your Pension Payout
The calculation for a pension lump-sum payout is tied to a set of official, fluctuating interest rates. Learn how this system impacts your retirement funds.
What to Do If You Haven’t Received Your Tax Refund
Learn the systematic steps to take when your tax refund is delayed. This guide helps you investigate the status and follow a clear path to resolution.