If I Lose My Job, Can I Cash Out My 401k?
Deciding what to do with your 401k after a job loss is a critical financial choice. Learn about the consequences and how to best manage your funds.
Investment and Financial Markets
Do I Need to File a Florida State Tax Return?
Explore Florida’s tax requirements. While the state has no personal income tax, certain businesses must still file returns for specific obligations.
Can You Amend an Already Amended Tax Return?
Correcting a previously amended tax return requires a specific approach. Learn how to use your first amendment as the baseline to accurately file a second Form 1040-X.
AU-C 700: Forming an Opinion and Reporting on Financials
Explore the standard that bridges an auditor’s professional judgment with the required structure for reporting conclusions on a company’s financial statements.
What Is a Cash Book and How Is It Maintained?
Gain a clear understanding of how a cash book functions as a primary record for all cash and bank movements, from daily entries to period-end verification.
What Is the Section 180 Deduction for Farmers?
Section 180 offers a tax election for farmers to currently deduct soil and land conditioning expenses rather than capitalizing these costs over time.
The Legislative History of Bonus Depreciation
Understand the evolution of bonus depreciation, a tax policy repeatedly adjusted by lawmakers to influence business investment in response to economic change.
How Are Capital Gains Taxed in an Irrevocable Trust?
Discover how a trust’s design and administration dictate the tax treatment of capital gains, influencing both liability and the final amount owed.
IFRS 11: Accounting for Joint Arrangements
This guide clarifies the IFRS 11 principles for joint arrangements, focusing on how an entity’s rights and obligations dictate the proper accounting method.
How Do I Avoid Paying Taxes on My IRA Withdrawal?
Understand the core tax rules governing IRA distributions. Learn how your account type and strategic planning can legally reduce your tax liability.
How to Change Corporation Status From C to S
Changing your C corp to an S corp is a significant financial decision. This guide details the procedural path and critical tax implications to ensure a smooth transition.
Mexico Withholding Tax: Rules, Rates, and Compliance
Explore the system for taxing income earned in Mexico by foreign residents and how international agreements can influence these financial obligations.
Does New Hampshire Tax Capital Gains?
Learn how New Hampshire’s unique tax system treats investment gains for individuals versus businesses and clarifies the rules for property transactions.
Social Security Benefits for Married Couples Who Both Worked
When both spouses have work records, their Social Security benefits interact in key ways. Understand how to coordinate for a sound financial future.
If You Get Paid in Cash, Do You Have to Pay Taxes?
All income is taxable, regardless of payment form. Learn the principles for handling cash earnings to accurately report income and meet your tax obligations.
How Do I Make a Qualified Charitable Distribution From My IRA?
Discover the strategic tax advantages of giving to charity directly from your IRA. This guide covers the essential steps for a compliant and effective transfer.
Can I Move Money Between Mutual Funds Without Paying Taxes?
Exchanging mutual funds is often a taxable event. Learn how the account you use, such as a brokerage or an IRA, determines if you owe capital gains tax.
Maryland Quarterly Tax Payment Due Dates
Learn how to manage Maryland estimated tax obligations on non-withheld income to ensure compliance and avoid penalties for inaccurate or late payments.
403b Housing Allowance Rules for Retired Ministers
Retired ministers can structure 403(b) distributions to receive tax-free income for housing costs, continuing a key financial benefit after their service.
Form 14817 Reply Cover Sheet: What It Is and How to Use It
Properly organize your reply to an IRS notice. Form 14817 serves as a crucial cover sheet that guides your documents for accurate and efficient processing.