How to Do an IRA Rollover to a Roth
Moving funds from a traditional IRA to a Roth requires understanding the tax impact and procedural rules to ensure it’s done correctly for your financial goals.
Business and Accounting Technology
What Are the C Corp Loss Carry Forward Rules?
Learn how C corporations can apply a net operating loss to reduce future tax liability, navigating the rules, income limits, and other key restrictions.
How to Attach a W2 to a 1040 Tax Return
Learn the correct procedure for providing your W-2 information with your Form 1040, whether you are filing on paper or submitting your return online.
What Does DSO Mean and How Is It Calculated?
Understand the financial metric for a company’s average collection period, a key indicator of cash flow efficiency and credit management effectiveness.
The Shift From R&D Expensing to Amortization
New tax rules require the amortization of R&D costs, a fundamental shift from expensing that impacts long-term tax liability and financial strategy.
Material Participation vs. Active Participation
Understand how your level of involvement in an activity dictates its tax treatment and your ability to deduct losses under IRS passive activity rules.
Ohio State Tax Brackets and Income Rates
Learn how Ohio’s income tax system works. This guide clarifies the process for determining your tax obligation based on state-specific rates and rules.
How to Report Options Trading on Your Tax Return
Navigate the tax reporting requirements for options trading. Understand how to correctly account for gains, losses, and complex trading scenarios on your return.
What Is Applied Overhead and How Is It Calculated?
Learn the accounting system for allocating indirect manufacturing costs, a vital process for achieving accurate product costing and profitability analysis.
What Happens When an Estate Is an IRA Beneficiary?
When an estate inherits an IRA, it triggers specific distribution rules that can accelerate taxes and involve the probate court, affecting the final inheritance.
Intermediate Holding Company: Definition and Functions
Explore the role of an intermediate holding company in a corporate structure, used to effectively manage subsidiaries, assets, and financial liabilities.
What Is a Form 8-K and When Is It Required?
Explore Form 8-K, the essential SEC filing for public companies to report significant, unscheduled events to investors and maintain market transparency.
HSA in Retirement: A Breakdown of the Rules
Understand how your HSA functions as a flexible financial account in retirement. This guide details the tax implications and rules for distributions after age 65.
Tax Treatment for the Sale of Farmland
Understand how the tax outcome of a farm sale is shaped by property basis, asset types, and transaction structure, not just the final sale price.
What Are Restructuring Costs & How Are They Accounted For?
Understand how corporate restructuring expenses are defined, measured, and reported according to established accounting principles for financial clarity.
Are Pensions Taxed in Florida? State vs. Federal Tax Rules
Retiring in Florida involves understanding how state-level tax benefits for pensions interact with separate federal income tax obligations.
What Is Form 8621 and Who Needs to File?
Understand the tax compliance role of Form 8621 for U.S. persons with foreign investments and the critical decisions that impact reporting.
What Is the Standard Deduction for Married Filing Jointly 2024?
Understand the 2024 standard deduction for married couples, including key additions, and learn how to determine if itemizing offers a greater tax benefit.
What Is an Excess Profits Tax and When Is It Used?
Understand how governments define and tax corporate profits that exceed a normal baseline, a practice with historical roots and modern considerations.
What Are Examples of Short Term Liabilities?
Gain a clear understanding of a company’s short-term financial commitments and how they are used to evaluate its immediate solvency and health.