What Are the SEC Financial Reporting Requirements?
Understand the SEC’s financial disclosure framework, from determining a company’s obligations to the specific information required for investor transparency.
Investment and Financial Markets
Can I Use My IRA for a Down Payment on a House?
Using your IRA for a home down payment has specific financial implications. Understand the rules for a qualified withdrawal to manage tax impacts and avoid penalties.
Definition of Assets and Liabilities in Accounting
Gain a clear understanding of a company’s financial position by exploring the relationship between its economic resources and its financial obligations.
Who Is Considered a Specified U.S. Person?
This U.S. tax classification determines reporting duties. Learn how the definition starts with all U.S. persons and is then refined by a list of key exceptions.
Can a Partner Be an Employee of a Partnership?
Understand the critical tax distinctions between a partner and an employee to correctly structure compensation, benefits, and your business entity.
MACRS Mid-Quarter Convention Table: How to Use It
Learn how the timing of your asset purchases determines which MACRS depreciation rules apply, ensuring accurate calculations for your tax reporting.
What Is the Over 50 Catch-Up for a 401(k)?
Understand how the 401(k) catch-up provision works for savers over 50, from contribution ordering to new rules affecting high-earners.
What Can I Write Off as a W-2 Employee?
Learn why most job-related costs are no longer deductible for W-2 employees and explore the individual tax deductions that can still lower your tax bill.
Correcting and Reporting Late 401(k) Contributions
Discover the compliance pathway for addressing late 401(k) deferrals to restore plan integrity and satisfy all federal reporting obligations.
What Is the PA-1000 Form and How Do I File It?
This guide clarifies the PA-1000 application process, helping eligible Pennsylvanians receive their annual property tax or rent rebate.
When Should You Switch From Roth to Traditional?
Your retirement account choice isn’t permanent. Learn to recognize the financial inflection points that signal it’s time to shift your contribution strategy.
Days Payable: What It Is & How to Calculate It
Explore Days Payable Outstanding, a key financial metric that reflects the balance between managing cash flow and maintaining supplier relationships.
Michigan Non-Resident Income Tax Filing Requirements
Navigating Michigan’s tax system as a non-resident requires understanding income allocation. Clarify your filing duties and properly report your state-sourced earnings.
Form 1023-EZ: Step-by-Step Filing Instructions
A practical guide to securing 501(c)(3) tax-exempt status for small nonprofits by properly preparing and filing the streamlined IRS Form 1023-EZ.
What Defines a Passive Entity in the Texas Tax Code?
Understand the narrow Texas definition of a passive entity. Exemption from the state franchise tax depends on specific income sources, not federal rules.
California Estimated Tax Payments for Corporations
A clear overview of the California corporate estimated tax system, helping businesses manage state tax obligations proactively throughout the fiscal year.
If I Use My Phone for Work, Can I Write It Off?
The ability to deduct your phone as a business expense is determined by your employment status. Understand the tax rules that apply to your situation.
What Is the 8594 Tax Form and Who Must File It?
Explore the required tax reporting for a business acquisition. See how allocating the purchase price among assets creates different tax outcomes for buyers and sellers.
Is a Transfer on Death (TOD) Account an IRA?
While both simplify inheritance, accounts for retirement savings and probate-avoidance features serve different goals with unique tax implications.
What Are the IRC 415(b) Limitation Rules?
Understand the IRC 415(b) framework, which sets a dynamic ceiling on annual defined benefit plan payments based on earnings, age, and service.