Business and Accounting Technology

Navigate the complexities of cross-border taxation. This guide explains the function of tax treaties and the procedures for applying their benefits.

Learn how certain real estate loans allow investors to deduct losses beyond their direct investment, a key exception to typical nonrecourse financing rules.

While you may not owe federal income tax on a $12,000 salary, other taxes still apply. Learn how your total tax liability is calculated based on key factors.

Navigate the tax and procedural requirements for ending a partnership, from settling financial obligations to finalizing each partner’s tax position.

Navigate the FIRPTA withholding process with Form 8288-A. Learn how this form connects the buyer’s payment to the foreign seller’s U.S. tax credit.

Understand how deductions lower your income to arrive at the taxable income on Line 15 of Form 1040, the key number used to calculate your tax bill.

An IRS Notice 1462 signifies a denied refund claim. This guide clarifies the basis for the decision and outlines your procedural paths for a response.

Understand the framework for the Pillar 2 global minimum tax, including how its rules are enforced and how a multinational’s tax liability is now calculated.

While tribal casinos have a unique tax status, they make significant financial contributions through federal taxes, state revenue-sharing, and individual obligations.

Custodial brokerage accounts have unique tax rules. This guide explains how investment earnings are taxed and the procedures for reporting them correctly.

Understand the RSU income on your W-2. This guide clarifies how this value is included in your wages and helps ensure you report it correctly to prevent tax errors.

See how your IRA’s required distribution can be given directly to a charity, offering a tax-advantaged way to support causes without increasing your income.

Explore the comprehensive definition of wages for tax withholding purposes, clarifying the distinction between taxable pay and non-taxable compensation.

Properly managing an ESOP involves ongoing administrative duties and strict regulatory requirements to maintain compliance and protect fiduciaries.

A new air conditioner can be a deductible expense or a capitalized asset. The classification depends on the scope of work and its effect on the property.

Explore the principles of a cash flow tax, a system where the tax base is determined by real cash flows, exempting savings and fully deducting investment.

Learn how Oregon’s tax credit for 529 plan contributions functions, including its procedural requirements and unique multi-year benefit structure.