ASC 860: Transfers and Servicing of Financial Assets
This guide to ASC 860 clarifies the accounting for financial asset transfers, focusing on how control determines if assets are derecognized or treated as collateral.
This guide to ASC 860 clarifies the accounting for financial asset transfers, focusing on how control determines if assets are derecognized or treated as collateral.
Understand the IRS CP2100A notice, a request to correct payee data. This guide outlines the required response to ensure accurate information reporting.
This guide provides a clear path through the multi-step process of reporting Texas sales tax, helping businesses ensure accurate and timely compliance.
Discover how a surviving spouse can utilize their deceased partner’s unused federal estate tax exclusion to protect assets through the principle of portability.
Understand the key factors that determine the tax consequences of an IRA distribution, from the timing of the withdrawal to the nature of the funds.
Made an error on a past Form 941? Learn the formal IRS process for amending your return with Form 941-X, whether it results in a refund or a balance due.
Your PTO payout is taxed differently than regular pay. Discover why more is withheld upfront and how this amount is reconciled on your annual tax return.
Explore the divergent tax systems of Idaho and California and learn how their structural differences create distinct financial outcomes for residents and businesses.
Understand the legal steps of a Pennsylvania tax sale, from owner notification to how a property’s existing debts and post-sale redemption rights are handled.
Explore AU-C Section 230, which establishes the professional standard for creating a defensible audit record that supports the final report.
Understand how Indiana’s flat-rate tax system applies to your investment profits and how unique state-specific rules can affect your final tax liability.
Explore the unique tax structure of the District of Columbia, where residency, not place of work, determines your local income tax liability.
In Washington, services are presumed non-taxable. Learn the legal framework that defines when a service becomes a retail sale subject to sales tax.
Navigating Solo 401k contribution timing requires understanding the distinct deadlines for your roles as both employee and employer.
Gain clarity on the U.S. tax reporting framework for foreign corporations and the specific function of Form 1120-F in satisfying these obligations.
Explore the tax treatment of Required Minimum Distributions and how these mandatory withdrawals integrate with your overall retirement tax plan.
Learn how to substantiate the value of a perpetual conservation easement donation to meet the IRS requirements for a federal charitable tax deduction.
This guide provides a structured walkthrough for completing your federal tax return, showing how to translate your documents into the final figures on Form 1040.
Understand the framework governing US-Japan tax obligations. This guide clarifies which country has taxing rights on cross-border income to prevent double taxation.
Understand the tax implications of treating a grantor and trust as a single taxpayer, from non-taxable asset sales to gain recognition when the status ends.