Selling Tax Credits: How Does the Process Work?
Understand the mechanics of selling tax credits. This guide outlines the complete transaction process for businesses seeking to monetize assets or reduce tax liability.
Investment and Financial Markets
Can You Put Cryptocurrency in a Trust?
Integrating cryptocurrency into a trust is a key way to protect digital wealth. Learn the unique legal, technical, and tax considerations for this process.
Florida Reemployment Tax: What Employers Need to Know
Navigate the fundamentals of Florida’s employer-paid Reemployment Tax. Learn how this system connects your business operations to state unemployment benefits.
How Buying a Car Out of State Sales Tax Works
Clarify the sales tax process for an out-of-state car purchase. This guide explains where tax is owed and how states prevent double taxation on your vehicle.
How Are Capital Gains on Selling a Business Taxed?
Understand the critical tax distinctions when selling a business. How the sale is structured determines how your profit is calculated and what tax rate applies.
Inherited Roth 401k: Rules for Beneficiaries
Receiving a Roth 401(k) as a beneficiary comes with specific obligations. Learn how to navigate the required timelines and tax rules to preserve its value.
Why Is Delaware Considered Tax-Free?
Explore the reality behind Delaware’s “tax-free” reputation. Learn how its unique tax framework creates distinct advantages for corporations and consumers alike.
Stock Based Compensation Tax Treatment Explained
Navigate the tax rules for your equity compensation. Learn how the type of award and your timing choices impact your ordinary income and capital gains liabilities.
What Is the Section 45Z Clean Fuel Production Credit?
Learn how the Section 45Z Clean Fuel Production Credit connects tax incentives with verified lifecycle emissions and specific operational requirements.
Section 280B and the Tax Treatment of Demolition
Under Section 280B, demolition costs are not a deductible loss but are instead capitalized into the tax basis of the underlying land.
What Boat Tax Deductions Can I Claim?
Understand the specific IRS requirements for claiming boat-related expenses. Learn how usage and documentation determine your eligibility for tax deductions.
What Is the Difference Between Income and Expenses?
Understand the fundamental calculation at the heart of financial literacy that measures the relationship between money earned and money spent.
The FATCA Withholding Rate: Who Is Subject to the 30% Tax?
Explore the mechanics of the FATCA 30% withholding tax, detailing how a foreign entity’s status and documentation impact their U.S. tax obligations.
How to Close a Trust With the IRS: A Final Return
Learn the administrative and tax procedures required to terminate a trust, satisfy IRS reporting obligations, and complete a trustee’s final duties.
How to Get a Sales Tax Number in Florida
Navigate the process of obtaining a Florida sales tax number. Our guide clarifies state requirements and application steps for your business.
Do I Have to Pay the Federal Universal Service Fund?
This guide clarifies the Universal Service Fund charge on your bill, explaining the difference between a provider’s cost recovery and a direct government tax.
ASC 965: Accounting for Health and Welfare Plans
This guide to ASC 965 clarifies the financial reporting for health and welfare plans, detailing the principles for valuing assets and liabilities.
How Much of Your Social Security Income Is Taxable?
The taxability of Social Security depends on more than just your benefits. Understand how your overall income and filing status affect the calculation.
GASB Capital Assets: Accounting and Reporting Rules
Examine the GASB framework that guides the financial measurement and reporting of a government’s long-term physical and infrastructure assets.
Business Loss Carry Forward Rules and Limitations
Using a business loss to lower future taxes requires navigating specific rules that govern its calculation, annual limits, and how it’s applied.