Public Company Disclosure Requirements Explained
An overview of the disclosure requirements for public companies, detailing the system designed to provide investors with consistent and reliable information.
Investment and Financial Markets
What Is an IC-DISC and How Does It Work?
An IC-DISC offers a federal tax incentive for U.S. exporters, creating permanent tax savings by converting export income to qualified dividends.
What States Have Exit Taxes for Departing Residents?
Departing a state doesn’t always end your tax obligations. Discover the legal principle that allows states to tax certain income earned within their borders post-move.
What Are the International Financial Reporting Standards?
Discover how International Financial Reporting Standards provide a principle-based framework for creating transparent and comparable financial statements worldwide.
When Does a Landlord Need a W-9 Form From a Tenant?
Explore the specific financial circumstances that obligate a landlord to request a tenant’s taxpayer information with a Form W-9 for tax reporting.
Why Is Tesla No Longer Eligible for the Full Tax Credit?
Understanding Tesla’s tax credit eligibility now requires a look beyond the sticker price. New criteria for vehicles and their components determine qualification.
NC vs. SC Taxes: A State Tax Comparison
Explore how North Carolina’s and South Carolina’s different approaches to assessing income and property create distinct financial outcomes for residents.
Why Tier 1 Railroad Retirement Is Treated as Social Security
Explore the foundational reasons why Tier 1 Railroad Retirement is treated as Social Security and how this equivalency dictates its tax treatment.
What Is the AICPA Acts Discreditable Rule?
Explore the AICPA’s core ethical standard obligating members to uphold the accounting profession’s integrity in both their professional and personal conduct.
Where to Send Form 1041: Mailing and E-File Options
Fiduciaries can ensure accurate Form 1041 submission. This guide clarifies the specific filing requirements based on your situation and delivery method.
Does Maine Tax Pensions and Other Retirement Income?
Maine’s tax on retirement income is not a simple yes or no. Learn how the state’s specific rules determine your final tax liability as a retiree.
Types of Analytical Procedures Used in an Audit
Explore how auditors use data relationships to form expectations, identify anomalies, and assess the overall reasonableness of financial statements.
How to Get Mileage Reimbursement for Caregivers
Understand the financial procedures for converting your caregiving driving expenses into a reimbursement or potential tax deduction.
US Switzerland Tax Treaty: Benefits and Rules
Explore the framework of the US-Switzerland tax treaty, detailing how it impacts tax obligations for individuals and companies with cross-border financial interests.
Is a Backdoor Roth Conversion Taxable?
A backdoor Roth conversion’s taxability depends on your existing IRA assets. Learn how pre-tax funds across all your IRAs can create a taxable event.
Who Can Deduct Unreimbursed Employee Expenses?
Recent tax law suspended the deduction for most employee work expenses. Understand the current rules and the specific groups who can still claim this adjustment.
The Difference Between Preventative and Detective Controls
Explore how a robust internal control framework balances proactive measures that prevent issues with reactive processes that identify them.
Are Gift Cards a Tax Deductible Expense?
The tax treatment of a gift card depends on its context. Learn how the recipient and the purpose of the gift determine its deductibility as an expense.
What Is the Gross Income Test for a Dependent?
Claiming a dependent involves more than providing support. Learn how the IRS defines and limits a relative’s income for tax dependency purposes.
Opportunity Zones: IRS Rules and Tax Implications
Navigate the complex IRS regulations for Opportunity Zone investments to properly defer capital gains and secure long-term tax advantages.