Home Office Expenses: Examples You Can Deduct
Understand the tax principles behind the home office deduction. Learn how to determine which expenses qualify and the methods for calculating their value.
Investment and Financial Markets
FIRPTA Changes: New Withholding Tax Requirements
Learn how recent FIRPTA changes impact tax withholding on U.S. property sold by foreign persons, affecting both compliance duties and potential rate reductions.
Who Is Exempt From Paying Unemployment Taxes?
Unemployment tax exemptions are determined by federal and state law, depending on the type of organization and nature of the employment relationship.
Can Lottery Annuities Be Passed On to Heirs?
Yes, lottery annuity payments can be passed on to heirs. This guide explains the essential legal and tax considerations for an estate and its beneficiaries.
IAS 8: Accounting Policies, Changes in Estimates and Errors
Unpack the principles of IAS 8, which sets the rules for how and when financial statements can be altered to preserve their consistency and reliability.
What Are the Generation-Skipping Trust Distribution Rules?
A guide to the specific rules and tax consequences of generation-skipping trust distributions, clarifying trustee duties and beneficiary tax liability.
What Are the Roth IRA Phase Out Income Limits?
Your ability to contribute to a Roth IRA is tied to your income. Learn how to navigate the IRS rules to determine your personal contribution limit.
A Guide to the Mississippi Contractor’s Tax
Understand your obligations under Mississippi’s 3.5% contractor’s tax, from defining the taxable contract price to ensuring complete compliance.
Maryland Tax Withholding: Rules and Requirements
A guide to the process of Maryland tax withholding, detailing the procedures for individuals and businesses to ensure accurate state tax compliance.
IRS Low Income Certification Guidelines: How to Qualify
Understand the official IRS guidelines for low-income certification. This guide clarifies the financial and household requirements for tax program eligibility.
Does the Tesla Model Y Qualify for Section 179?
Understand the tax deduction possibilities for a business-owned Tesla Model Y. This guide details the specific vehicle criteria that impact your potential write-off.
Form 941: Instructions for Filing Your Quarterly Return
Understand the procedural requirements for managing your quarterly payroll tax obligations and filing an accurate Form 941 for your business.
If I No Longer Work for a Company, Can I Withdraw My 401k?
After leaving a job, your 401(k) decision requires understanding the tax consequences and procedural steps to manage your retirement funds effectively.
IRC 1563: What Are the Rules for Controlled Groups?
Learn how the tax code defines related companies, combining them into a single entity for tax benefits based on direct and indirect ownership rules.
How Much Tax Is Paid on a $100k 401(k) Withdrawal?
A 401(k) withdrawal is taxed as ordinary income, affecting your tax bracket. Understand the complete calculation beyond the initial mandatory withholding.
IFRS 18: Key Changes to Financial Statement Presentation
IFRS 18 introduces a new framework for financial statement presentation, designed to improve consistency and provide greater clarity into company performance.
How to Do a Trustee to Trustee Transfer
Learn about the process for moving retirement savings directly between institutions, a method that helps preserve your account’s tax-advantaged status.
How to Do a Backdoor Roth IRA Married Filing Jointly
Learn how to coordinate a backdoor Roth IRA when filing jointly. This guide explains how individual IRA rules impact your shared tax return and strategy.
Is Military Retirement Considered Income for Social Security?
Learn how military retirement and Social Security interact, affecting your benefit calculations, income limits for early retirement, and overall tax liability.
Illinois Payroll Tax Requirements for Employers
A guide for Illinois employers on managing state payroll tax obligations. Understand the complete compliance lifecycle from initial setup to annual reporting.