ASC 958: Financial Reporting for Not-for-Profits
ASC 958 provides the essential accounting guidance for not-for-profits to transparently communicate their financial stewardship and operational results.
Investment and Financial Markets
Can I Deduct Gambling Losses If I Don’t Itemize?
Reporting gambling winnings is required, but deducting losses isn’t always an option. Understand the tax principles that determine if you can offset your gains.
1031 Improvement Exchange on Property You Already Own
Defer capital gains tax with a 1031 improvement exchange on property you already own. Understand the required legal structure to ensure a compliant transaction.
Fort Worth, TX Sales Tax Rate and Rules
Understand how Fort Worth’s 8.25% sales tax is structured, how it applies to transactions, and the essential compliance steps for local businesses.
What Is Gross Income for Form 4952 Line 4a?
Learn how to properly calculate investment income for Form 4952. This determines your interest deduction limit and involves strategic tax choices.
What Is the Corporate Tax Rate in Poland?
Explore Poland’s corporate tax system, which offers several distinct models. Learn about the conditions for reduced rates and an alternative tax deferral option.
ASC 842-20-50-4: Lease Cost Disclosure Requirements
Navigate the lease cost disclosure requirements of ASC 842-20-50-4. This guide provides a practical overview for aggregating and presenting compliant data.
When Does Depreciation Not Help a Property Owner?
Depreciation isn’t always a straightforward tax benefit for property owners. Explore how its advantages can be delayed, reduced, or offset by future liabilities.
SAPA 11: Financial Reporting and Audit Requirements
This guide clarifies how SAPA 11 interprets the Companies Act, defining financial reporting and assurance obligations for South African companies and their auditors.
How to Claim the New Jersey R&D Tax Credit
Navigate the process for claiming New Jersey’s R&D Tax Credit. Learn to properly document research activities and translate them into a state tax benefit.
Which Tax Provides for Federal Health Insurance?
Explore the specific payroll taxes that support federal health insurance and learn how the funding structure differs based on income and employment status.
Property Tax Forbearance: How to Apply
Find a clear path for postponing property tax payments. This guide details the process for securing forbearance and explains the resulting financial obligations.
I Received an IRS 1462 Notice. What Should I Do?
An IRS Notice 1462 signifies a denied refund claim. This guide clarifies the basis for the decision and outlines your procedural paths for a response.
How Many Different Tax Brackets Are in the Federal Tax System?
Learn how federal income tax is calculated using a system of seven marginal rates, with income ranges that shift depending on your filing status.
IRS Notice 2006-96: Transaction of Interest Explained
Gain insight into IRS Notice 2006-96, which identifies an S corp basis-shifting arrangement and explains the resulting tax treatment and participant reporting duties.
California 2020 Form 568: Filing Requirements & Instructions
A comprehensive look at the financial responsibilities and reporting standards for a California LLC’s 2020 Form 568 tax return.
Are Capital Refunds Taxable in a Partnership or LLC?
Explore the financial treatment when a partnership or LLC returns a portion of your contributed capital and how it impacts your overall investment stake.
Who Needs a Trust? Key Reasons to Create One
Learn how a trust provides a private and precise way to manage your assets, protect beneficiaries, and guide the future of your financial legacy.
What Is Tax Pillar 2 and How Does It Work?
Understand the framework for the Pillar 2 global minimum tax, including how its rules are enforced and how a multinational’s tax liability is now calculated.
What Is an Intentionally Defective Grantor Trust?
Discover how an intentionally defective grantor trust leverages specific tax rules to transfer wealth and asset appreciation to beneficiaries efficiently.