Advance Pricing Agreements: What They Are and How to Get One
Secure tax certainty for cross-border transactions with an Advance Pricing Agreement. Learn the structured process for establishing a formal transfer pricing accord.
Business and Accounting Technology
W2 Box 14 Descriptions: What Do They Mean?
Understand W-2 Box 14, an informational space for various employer-specific items. Learn how to interpret these entries and their tax implications.
What Is a T1 Tax Form and Who Needs to File One?
Understand the T1 tax form’s role in Canada’s tax system. Learn how individuals use it to report annual income and fulfill their filing obligations.
How to Assess Control Design Effectiveness?
Explore a structured approach for evaluating if an internal control is capable of meeting its objective before you test its day-to-day performance.
Held for Sale Accounting: What It Is and How It Works
Learn how the accounting for a long-lived asset changes when a company plans to sell it, affecting its reported value and balance sheet presentation.
What to Know About the New Age 75 RMD Rule
Your Required Minimum Distribution start date may have changed. Understand the new, age-specific guidelines for mandatory retirement account withdrawals.
Accounting for Asset Retirement Obligations
Explore the accounting framework for asset retirement obligations, ensuring the total cost of an asset is properly matched to the periods it benefits.
What Is FASB 606? The Revenue Recognition Standard
FASB 606 provides a single framework for revenue recognition, aligning financial reporting with the transfer of promised goods or services to customers.
Section 62: What Are Above-the-Line Tax Deductions?
Learn how certain tax deductions reduce your adjusted gross income (AGI), a key figure that impacts your tax liability and eligibility for other credits.
Does AmeriCorps Stipend Count as Income?
Your AmeriCorps service has specific tax implications. Learn how the living allowance and education award are handled to plan your finances and maximize benefits.
What Is an Escape Assessment in Property Tax?
Understand the reasons for a retroactive change to your property’s assessed value and the formal process for reviewing, paying, or appealing the bill.
ASC 470-10: Accounting for Debt Liabilities
Gain insight into U.S. GAAP for debt under ASC 470-10, from ongoing measurement to the critical analysis required for revised liability agreements.
Why You Got a W-9 for a Lawsuit Settlement Payment
Receiving a W-9 for a legal settlement is a standard step for the payer’s tax reporting. Learn how this impacts your tax liability and what to expect next.
What Is the Relationship Between WACC and ROIC?
Explore how the spread between a company’s return on capital and its cost of capital offers a clear view of its ability to generate real economic value.
What Is a Cumulative Translation Adjustment?
Explore the accounting mechanism for managing exchange rate volatility in global financial consolidation without distorting a company’s reported net income.
Publication 946: How to Depreciate Business Property
Navigate the lifecycle of business asset depreciation. This guide clarifies IRS rules on valuing property, recovering costs, and meeting compliance requirements.
What Is a Political Subdivision of a State?
Understand how delegated sovereign powers separate local governments from state agencies and affect the tax treatment of their financial obligations.
Is Grant Income Reported on a 1099?
Understand the tax responsibilities tied to grant funding, including how the IRS views the income and your obligations for reporting it correctly.
Can I Put My Car in My Business Name?
Formally transferring a vehicle to your business name creates important financial and legal distinctions. Learn about the process and its ongoing requirements.
Indiana Gas Tax Breakdown: What You Need to Know
Understand the tax structure behind Indiana’s gas prices, including how fixed and variable rates are calculated to fund transportation infrastructure.