What Is the IRS Depreciation Life for EV Charging Stations?
Understand the IRS framework for recovering EV charging station costs, from correct asset classification to navigating available tax recovery options.
Investment and Financial Markets
How to Handle Oil and Gas Depletion on a K-1
A Schedule K-1 provides the data for oil and gas depletion, but the calculation is yours. This guide explains how to correctly determine your deduction.
ASC 805: Accounting for Business Combinations
Understand the core principles of ASC 805 for business combinations. Learn how to apply the acquisition method for accurate and comparable financial reporting.
Qualifying for the Corporate AMT Safe Harbor
Explore the IRS simplified method for the Corporate AMT. This safe harbor helps corporations confirm they are not subject to the complex tax calculation.
5 U.S.C. 6103(b): The “In Lieu Of” Holiday Rule Explained
Understand the federal statute governing “in lieu of” holidays. Learn how your specific work schedule determines when you observe a holiday on a non-workday.
What Are the Chapter 3 Withholding Requirements?
For U.S. payers, understanding Chapter 3 withholding is essential. This guide covers the tax compliance framework for payments to foreign persons.
Performing the US GAAP Impairment Test
Learn the US GAAP framework for assessing and recording asset impairment, a crucial process for ensuring a balance sheet reflects economic reality.
Do Bonuses Get Taxed Differently From Your Salary?
Understand why your bonus paycheck looks smaller than you expected. We explain the distinction between tax withholding and your actual, final tax obligation.
AT-C Section 215: Agreed-Upon Procedures
Explore how AT-C 215 guides engagements focused on delivering objective findings from specific procedures, without providing assurance or expressing an opinion.
How to Fill Out an Indiana WH-4 Form
Learn to properly complete Indiana’s WH-4 form by understanding how personal exemptions and county tax status affect your state payroll withholding.
What Are GASBS in Governmental Accounting?
Understand the principles governing financial reporting for U.S. public entities and how these standards ensure accountability and transparency with taxpayer funds.
What Is the 65-Day Rule for Trust Distributions?
Learn about a tax election that gives trustees flexibility to manage a trust’s tax liability by shifting the timing of distributions after the year has closed.
Can You Put Money Back Into a Roth IRA After Withdrawal?
Putting money back into a Roth IRA after a withdrawal is possible. Understand the specific IRS guidelines to correctly redeposit funds and avoid tax consequences.
How Do Wind Production Tax Credits Work?
Explore the financial framework of the wind production tax credit, including how project details and new provisions can maximize its value and liquidity.
How Do 457 Plan Catch-Up Contributions Work?
Learn the rules for making additional 457(b) plan contributions. This guide explains how to determine your eligibility and choose the most beneficial provision.
How to Account for Compensated Absences
Understand the accounting principles for translating employee paid time off into a formal liability, ensuring accurate and compliant financial reporting.
What to Know About the Florida Intangible Tax
Gain clarity on Florida’s former annual tax on intangible property and distinguish it from the separate, nonrecurring tax still levied on mortgages today.
How to Transfer 529 Ownership From Parent to Child
Changing the owner of a 529 plan is a significant financial decision. Understand the key implications and procedural steps to make a well-informed choice.
Roth IRA or 401k: Which Should You Fund First?
Your optimal retirement savings plan depends on more than account types. Learn how to sequence your contributions for a more effective long-term strategy.
Can You Transfer an ESOP to a 401(k)?
Transferring your employee stock plan to a 401(k) is possible under certain conditions, but involves key tax and financial trade-offs you must consider.