Ohio’s W4 Form: How to Fill Out the IT 4
Understand the Ohio IT 4 form to ensure accurate state tax withholding from your pay. This guide clarifies personal exemptions and the process for all employees.
Investment and Financial Markets
Permissible 501(c)(4) Political Activity
Explore the operational and compliance framework for 501(c)(4)s, clarifying how they can pursue political objectives while adhering to IRS guidelines.
What Are Substantive Analytical Procedures?
Gain insight into an essential audit approach where financial data is evaluated by comparing it against an auditor’s well-reasoned expectation.
ASC 606 Disclosure Requirements Explained
Go beyond the 5-step model to understand the narrative and data required in your financial statement notes to comply with ASC 606 disclosure guidance.
How to Fill Out the Idaho W-4 for State Withholding
Understand the key decisions behind Idaho’s Form ID-W-4 to ensure your state tax withholding accurately reflects your personal financial situation.
I Forgot to File Form 8606. What Should I Do?
Realized you missed filing Form 8606? Learn the straightforward process to correct the oversight, document your IRA basis, and avoid future tax complications.
What Home Improvements Are Tax Deductible When Selling Per IRS?
Understand the key IRS rules for home improvements before you sell. Proper accounting of past projects can increase your home’s cost basis and reduce your tax bill.
Large Corporation Estimated Tax Safe Harbor Rules
Large corporations have unique estimated tax rules, as standard safe harbors may not apply. Understand the required payment calculations to ensure tax compliance.
Is There an Inherited IRA Early Withdrawal Penalty?
Inherited IRA distributions have distinct rules. While the 10% early withdrawal penalty is typically waived, beneficiaries must still navigate specific timelines and taxes.
Chapter 2 of Pub. 505: The Rules for Estimated Tax
Understand the pay-as-you-go tax system for income not subject to withholding. This guide explains the framework for managing your tax liability throughout the year.
Can an S Corp Purchase Real Estate?
Learn how an S corp’s structure influences the tax treatment of real estate, affecting shareholder deductions and the consequences of a future asset transfer.
Do You Pay Taxes if You Bury a Family Member on Your Property?
A home burial has specific financial consequences, influencing your property’s tax classification and its long-term asset value for you and your heirs.
Does the IRS Check Your Personal Bank Accounts?
Discover the difference between a direct IRS review of your bank records and the financial data that institutions are legally required to report automatically.
Guaranteed Payment vs. Distribution: What’s the Difference?
Understand the financial and tax distinctions between partner payment methods and how your choice impacts both personal liability and the firm’s bottom line.
ISA 240: Auditor’s Responsibilities for Fraud in an Audit
This overview of ISA 240 explains the framework guiding an auditor’s responsibility to consider and respond to the risks of fraud in a financial audit.
Notice 2013-29: Beginning of Construction Requirements
Understand the IRS framework that provides clear pathways for renewable energy projects to satisfy the beginning of construction requirement for tax credits.
How Many Months Must You Live in a State to Be a Resident?
Establishing state residency involves more than counting days. It depends on the legal and financial actions that demonstrate where your true, permanent home is located.
Why Are Tax Refunds Taking Longer This Year?
Explore the systemic factors and individual filing choices that influence tax refund processing times and learn how your decisions can affect your wait.
If You Make $60,000 a Year, How Much Is Taxed?
The tax on a $60,000 salary is determined by more than just income. Understand the complete calculation and what it means for your take-home pay.
Section 162(m)’s $1 Million Limit on Executive Compensation
Recent tax reforms broadened the $1 million deduction limit on executive pay under Section 162(m), affecting more companies and nearly all forms of compensation.