ASC 842-10-25-2: The Short-Term Lease Exemption
Gain insight into the ASC 842 short-term lease exemption, a policy election based on a nuanced calculation of the lease term and applied by asset class.
Investment and Financial Markets
What Happens If I Sell My House and Don’t Buy Another?
Unlocking the equity in your home without buying a new one requires careful planning. Learn how to address the financial details that follow the sale.
How to Fill Out Form 8821, Tax Information Authorization
Authorize a third party to receive your tax information with Form 8821. Learn the correct procedure for granting specific, controlled access to your records.
Do I Have to Pay Virginia State Taxes If I Live in Another State?
Even if you don’t live in Virginia, you may have a tax liability. Learn how income earned in the state and days spent there can affect your filing obligations.
Roth IRA Changes: What You Need to Know
The regulatory landscape for Roth IRAs is evolving. Understand how recent changes affect your strategy for saving, growth, and legacy planning.
What Is HSA Seed Money and How Does It Work?
Explore how employer HSA seed money works, including its effect on your annual contribution limits and your complete ownership of the tax-free funds.
Maryland’s Military Tax Exemptions Explained
Navigate Maryland’s state tax requirements for military personnel. This guide clarifies key income subtractions to help you file correctly and reduce your tax.
Intercompany Dividends: Tax and Accounting Rules
Explore the distinct tax and accounting rules for intercompany dividends. Learn how federal, state, and financial reporting frameworks create different outcomes.
Do Capital Gains Affect Medicare Premiums?
Realizing capital gains can increase your Medicare costs. Learn how income is calculated for premiums and discover options for managing the financial impact.
Why Did I Get a Letter From the NYS Tax Department?
A letter from the NYS Tax Department doesn’t have to be alarming. Learn the practical steps to understand your notice and manage your official response.
FIRPTA Regulations and Withholding Requirements
FIRPTA places the responsibility for a foreign seller’s tax prepayment on the buyer. Understand this withholding process and its compliance requirements.
How Old Do You Have to Be to Open an IRA?
Age is not the primary factor for opening an IRA. Explore the actual qualifications and the process for establishing a retirement account for a minor.
How to Deduct Stock Losses on Your Taxes
Navigate the tax rules for investment losses. This guide details the steps for calculating and applying stock losses to help manage your overall tax outcome.
Which States Have No Income Tax and No Sales Tax?
While no state is truly free of both income and sales tax, some come close. Understand the tax trade-offs and find states with a lower overall burden.
What Is an OECD Permanent Establishment?
Learn the OECD’s criteria for a permanent establishment, the key threshold that determines when a foreign business presence incurs local tax liability.
What Is Other-Than-Temporary Impairment?
Explore the nuanced accounting rules for determining when a drop in a security’s value is considered permanent and must be formally recognized as a loss.
Does Kansas Tax Social Security and Pensions?
Understand how Kansas tax law applies to your retirement income. Learn how your income level and benefit source determine your state tax liability.
WV Property Tax Rebate: How to File for Your Credit
Understand West Virginia’s Senior Citizen’s Tax Credit, a refundable credit for property taxes that is filed with your annual state tax return.
What Is Social Security Fraud and How Do You Report It?
Gain a clear understanding of the rules that protect Social Security benefits and the formal procedures for addressing potential violations.
Should I Put My Primary Residence in a Trust?
Transferring your primary residence to a trust has lasting financial and legal effects. Understand the key considerations before making this important decision.