What Is a Tax Haven and How Do They Work?
Understand how low-tax jurisdictions operate, the financial strategies they enable, and the key legal distinctions and reporting duties for U.S. persons.
Investment and Financial Markets
Can You Put Cryptocurrency in a Roth IRA?
Combining cryptocurrency with the tax benefits of a Roth IRA requires a specific strategy. Understand the framework for holding digital assets in retirement.
Revenue Ruling 85-13: Grantor Trust Tax Implications
Understand the tax implications of treating a grantor and trust as a single taxpayer, from non-taxable asset sales to gain recognition when the status ends.
Can I Make an IRA Withdrawal for the Birth of a Child?
The arrival of a new child creates an exception for IRA withdrawals, avoiding the 10% penalty and offering a unique path to repay the funds later.
How Rev. Rul. 96-7 Affects S Corp Health Insurance
Navigate the tax requirements for S Corp shareholder health insurance. This guide clarifies the necessary structure for corporate and personal tax benefits.
What Are the Best States for Municipal Bonds?
Choosing the right municipal bond involves more than just location. Understand the interplay between an issuer’s fiscal health and your own tax profile.
What Is the Schedule M-1 Book-to-Tax Reconciliation?
Discover how Schedule M-1 bridges the gap between your company’s book income and its taxable income, translating financial records into tax return figures.
Sec. 263a: The Uniform Capitalization (UNICAP) Rules
Section 263A shifts how certain businesses account for costs, requiring capitalization instead of immediate deduction, which impacts inventory valuation and profit.
Can I Convert an IRA to a Roth IRA? Rules and Process
A Roth IRA conversion is a taxable event with important procedural rules. Learn how to assess the financial impact and correctly report the transaction.
What Is California Form 592 and Who Must File It?
Understand the function of California Form 592, the annual tax return used to report withholding on payments made to nonresidents of the state.
Do US Citizens Pay Sales Tax in Canada?
US citizens are required to pay sales tax in Canada. Learn how the rules for visitors have changed and discover the specific, limited scenarios for exemptions.
What Are the FAS 161 Disclosure Requirements?
Explore the reporting standards for derivative instruments, detailing how entities must disclose their strategies and financial impact for greater transparency.
What Is the Indiana Gasoline Use Tax?
Understand Indiana’s gasoline use tax, a system ensuring commercial carriers pay for road use based on miles driven, not just fuel purchased in the state.
Initial Direct Costs: What Qualifies Under ASC 842?
The treatment of initial direct costs under ASC 842 requires precision. Explore the specific criteria for capitalizing these incremental lease expenses.
Revenue Ruling 83-52: Tax on Stock Options in Divorce
Explore the tax framework for stock options in divorce under Rev. Rul. 83-52, clarifying how income is allocated and basis is determined for each party.
What to Do After Getting a Letter From the IRS
Navigate IRS correspondence with confidence. This guide clarifies the necessary steps for a measured and informed response to any official tax notice.
The Bush-Era Tax Cuts and Their Lasting Legacy
Explore how a series of early 2000s tax policies, designed to be temporary, sparked a decade-long debate that ultimately reshaped the modern U.S. tax code.
What Is Net Cash Provided by Operating Activities?
Learn about the cash generated by a company’s primary business activities, a key indicator of operational health and the quality of its reported earnings.
How Does SECURE Act 2.0 Student Loan Matching Work?
The SECURE Act 2.0 enables employers to match student loan payments with retirement funds by treating those payments as if they were plan contributions.
What Are MACRS Deductions and How Do They Work?
Discover how businesses use MACRS depreciation to recover asset costs for tax purposes. Learn the principles that govern your annual deduction calculation.