Business and Accounting Technology

Clarify how the 80% net operating loss limitation affects taxable income. This guide explains the rules for new and old NOLs with a detailed calculation.

Explore the federal law that establishes the threshold for state income tax liability and see how its decades-old framework is interpreted for modern business.

Guidance for reporting IRA withdrawals on Form 1040, Line 15. Learn to distinguish the total distribution from the taxable amount for accurate tax filing.

Navigate the complexities of Florida’s local property tax system. This guide provides a clear look at how tax bills are formed and vary from city to city.

This guide clarifies the process for claiming the water heater tax credit, covering the necessary steps and documentation to lower your income tax.

Learn how an early asset disposition or change in business use can reverse a prior Section 179 deduction, resulting in an ordinary income tax adjustment.

Understand the competing economic philosophies driving Republican and Democratic tax plans and how their proposals aim to shape the U.S. tax system.

Understand the key IRS calculation that uses your total income to determine if your Social Security benefits are subject to federal income tax.

Earning $70,000? Your final tax amount is determined by more than just your income. Understand the complete calculation and the personal factors that influence it.

A company’s size classification is not universal. Discover how the definition of a “large corporation” shifts based on regulatory context and specific business metrics.

Learn the federal tax rules for Social Security. See how your provisional income is used to determine if, and how much of, your benefits are taxable.

SECURE 2.0 now permits employer retirement contributions to be designated as Roth, creating new considerations for an individual’s long-term tax strategy.

Understand the tax filing requirements for an IRA recharacterization to ensure the transaction is properly documented and remains a non-taxable event.

Understand how Illinois vehicle tax is determined. The calculation method and final amount depend on key details of the transaction beyond just the sale price.

Investment losses can reduce your taxable income, but specific rules and annual limits apply. Learn how these regulations affect your tax return now and later.

Learn how the Form 20-F provides standardized financial reporting, serving as the primary disclosure document for foreign issuers in U.S. markets.