Business and Accounting Technology

Your HSA benefits can extend globally. Learn the key IRS principles that determine if medical expenses from another country are eligible for tax-free funds.

Learn how to lower your tax liability with the federal EV charger credit. This guide covers current requirements and the process for filing on your tax return.

Ensure your Dependent Care FSA plan remains a valuable, tax-free benefit by understanding the annual testing needed to prove fairness and compliance.

Understand New Jersey’s approach to capital gains and learn how strategic planning can help manage your tax liability on assets, real estate, and inheritance.

Understand the tax-deferred transfer of an inherited annuity. Learn how the original cost basis and required distribution timeline carry over to the new contract.

Changing your LLC to a sole proprietorship is a formal legal process of dissolution. This guide covers the procedural steps and administrative tasks involved.

A blocker corporation acts as an intermediary in investment structures, converting certain income types to simplify tax obligations for its owners.

Learn about the tax calculation method that uses your year-to-date totals to provide an accurate, self-correcting assessment of your liability over time.

For gas station owners, asset depreciation is more than standard accounting. Learn the tax framework that makes your property uniquely advantageous for deductions.

IRS Code 61 establishes a broad definition of gross income. Learn the core principle that determines what is considered taxable and what is specifically excluded.

Explore how state PTE tax elections provide a federal tax benefit by shifting the state tax deduction from the individual owner to the business entity.

Learn the financial mechanics of a movie write-off. This guide explains how tax rules can make shelving a film more valuable than releasing it.

Understand Arkansas’s approach to capital gains tax. This guide explains how state-specific rules and deductions determine the final taxable amount on your return.

Eligibility for weekend per diem is determined by the interplay between foundational travel principles and your own company’s specific reimbursement policies.

This guide clarifies the process for Indiana homeowners to claim the homestead exemption and other deductions to lower their annual property tax assessment.

Learn how to determine if a corporate capital contribution is taxable income. IRC 118 rules vary based on the contributor and impact the asset’s tax basis.

Corporate charitable giving involves specific tax rules. Learn how the type of donation and your business structure influence the deduction’s value and reporting.

The IRS consolidated tax filing by replacing the 1040-A and 1040-EZ. Learn how the modern Form 1040 system provides a tailored approach for all filers.

If you take the standard deduction, you generally cannot deduct charitable gifts. Learn about the expired tax provision that temporarily changed this rule.