Business and Accounting Technology

Moving retirement funds between IRAs involves precise timing and procedural rules. Understand these distinctions to maintain your account’s tax-deferred status.

The tax classification of property depends on its use. Explore the principles that distinguish a capital asset from business property or inventory.

Explore the legal framework of ERISA Section 406, which defines a fiduciary’s duty to avoid conflicts of interest in transactions involving plan assets.

Federal tax rules are scheduled to revert to a previous structure in 2026. See projections for the updated tax rates and learn how this may affect your finances.

Providing a company car creates a taxable benefit. Understand the employer’s compliance steps for calculating and reporting its value on an employee’s W-2.

Learn how two-digit income codes on Form 1042-S classify your U.S. source payments, clarifying their purpose and impact on your tax withholding.

Understand the purpose and process for Form 1125-E to ensure accurate reporting of officer compensation on your corporation’s tax return.

Understand the federal tax implications when a business’s legal structure is distinct from its tax identity, affecting both income and employment tax reporting.

Michigan’s tax treatment of Social Security is evolving. Understand the current rules for retirement income following recent legislative changes and how they affect you.

Donating property involves specific IRS compliance steps. Understand the tax rules for real estate gifts to properly structure your donation and deduction.

A guide for foreign investors to the mechanics of US dividend withholding, from applying correct treaty rates to recovering any overpaid tax.

Explore the mechanics of the Social Security tax base and how certain financial arrangements and employment statuses can legally lower your contribution.

Using your savings account for frequent withdrawals can trigger fees. Learn how these limits work and which transactions count to manage your money effectively.

Withdrawing from a Roth account tax-free depends on specific criteria. Understand the IRS framework that determines the tax outcome of your distribution.

Navigate the tax rules for your golf club. While dues aren’t deductible, learn how to properly claim business expenses incurred separately at the facility.