Does AmeriCorps Stipend Count as Income?
Your AmeriCorps service has specific tax implications. Learn how the living allowance and education award are handled to plan your finances and maximize benefits.
Investment and Financial Markets
Inventory vs. Supplies: Financial & Tax Differences
Understand how classifying business assets shapes your financial statements and determines the timing of crucial tax deductions.
Avoiding Constructive Dividends Under Rev. Rul. 79-10
Understand how corporate life insurance premium payments can create shareholder tax liability and the correct way to structure policies for compliance.
How Section 82 Affects Moving Expense Reimbursements
Learn how Section 82 of the tax code requires employer-paid moving reimbursements to be included in your taxable income and reflected in your W-2 wages.
Section 959(c)(2) PTEP Distribution Ordering Rules
Understand the technical ordering rules that govern distributions from a CFC, clarifying how Section 959 distinguishes tax-free PTEP from taxable E&P.
How Much Money Do You Have to Make to File Taxes?
Filing a tax return isn’t always required. Learn the rules that determine your obligation and why you may want to file even when you don’t have to.
Is There a Dependent Care FSA Income Limit?
While no official income cap exists for a Dependent Care FSA, your actual contribution limit is determined by earnings and employer-specific rules.
How to Fill Out Form 8606 for a Backdoor Roth
A backdoor Roth requires precise tax reporting. Understand the mechanics of Form 8606 to correctly account for nondeductible contributions and avoid tax missteps.
FASB’s New Crypto Fair Value Accounting Rule
FASB’s new rule mandates fair value accounting for crypto assets, providing a more current and complete picture of a company’s holdings and performance.
What Is an Escape Assessment in Property Tax?
Understand the reasons for a retroactive change to your property’s assessed value and the formal process for reviewing, paying, or appealing the bill.
Can Married Veterans Both Claim Dependents?
Married veterans face unique rules for claiming dependents. Learn how to properly add a spouse or child to your VA benefits and maximize your monthly compensation.
ASC 470-10: Accounting for Debt Liabilities
Gain insight into U.S. GAAP for debt under ASC 470-10, from ongoing measurement to the critical analysis required for revised liability agreements.
Why You Got a W-9 for a Lawsuit Settlement Payment
Receiving a W-9 for a legal settlement is a standard step for the payer’s tax reporting. Learn how this impacts your tax liability and what to expect next.
How to Get a Waiver of the 60-Day Rollover Requirement
Learn the specific IRS procedures for fixing a late retirement account rollover. Understand your options for relief and how to avoid significant tax penalties.
How Much Is a Sales Tax License in Michigan?
Learn what Michigan requires for your business to legally collect sales tax, including the state’s official registration and compliance process.
Can I Deduct Financial Advisor Fees?
The rules for deducting financial advisor fees are nuanced. Understand the current tax treatment and explore strategies for managing these costs tax-efficiently.
What Is the Relationship Between WACC and ROIC?
Explore how the spread between a company’s return on capital and its cost of capital offers a clear view of its ability to generate real economic value.
North Carolina Electric Vehicle Tax Credits & Incentives
Understand the complete financial impact of owning an electric vehicle in North Carolina, including key federal credits and state-level considerations.
The IRS 7-Day Rule for Rental Property
The IRS may view your rental as a business, not a passive investment, based on tenant stay duration. This distinction changes how you can deduct losses.
What Do I Need to Apply for an EIN?
Successfully obtaining an EIN starts with careful preparation. Learn what business and personal information is needed to complete the process efficiently.