What Happens If My Tax Records Are Destroyed?
If your tax records are destroyed, learn the established methods for rebuilding your financial data and meeting your obligations with the IRS.
Investment and Financial Markets
What Was FASB 140? A Historical Accounting Overview
Delve into the historical context of FASB 140, the standard that once defined how control determined sale accounting for financial asset transfers.
Your Responsibilities for Contract Job Taxes
Understand the framework for managing your tax responsibilities as an independent contractor to ensure proper compliance and financial planning.
Discretionary Profit Sharing Plan Rules Explained
Understand the operational framework of a discretionary profit sharing plan, a flexible retirement savings tool for businesses and their employees.
What Is the FASB Definition of an Asset?
Discover the official FASB definition of an asset, a core principle that ensures consistency and clarity in how a company reports its economic resources.
How Indiana’s 529 College Fund Plan Works
A guide to Indiana’s 529 savings plan, covering how its state tax credit, investment options, and withdrawal rules work together for education funding.
Can I Claim a House Rent Tax Deduction?
Learn the circumstances that allow renters to claim a tax benefit, from the business use of your home to unique state-specific relief programs.
What Are the Steps in the Tax Planning Process?
Tax planning is a continuous process, not just an annual task. Learn the systematic approach to arranging your financial affairs to manage your tax liability.
Is an Inheritance Taxable in Arizona?
While Arizona lacks a state inheritance tax, other taxes can apply. Learn how federal rules and the type of asset you receive determine your tax liability.
Do Trusts Avoid Probate? An Overview of the Process
Understand the key differences between a public court probate and a private trust settlement, and how this structure impacts asset distribution.
Federal Estate Tax Rates and Exemptions for 2024
Get a clear overview of the current estate tax landscape. This guide explains how federal tax liability is determined and the role of state-level considerations.
U.S. Estate Tax for Non-Citizens: Federal Rules
Understand the distinct federal estate tax rules for non-U.S. citizens. This guide covers how domicile and asset location determine liability and planning options.
How to Settle Intercompany Balances Without Cash
Strengthen your corporate group’s financial position by using compliant, non-cash methods to clear intercompany balances and manage their accounting impact.
What Happened to W-4 Line 7 for Claiming Exemption?
The IRS Form W-4 was redesigned, changing the process for claiming an exemption from withholding. Learn the current procedure and what replaced the old Line 7.
Georgia Corporate Income Tax: A Business Compliance Overview
A business guide to Georgia corporate tax compliance. Understand how to correctly calculate your company’s state-specific taxable income and tax liability.
Bankruptcy Code 544: Trustee’s Avoidance Powers
Explore the legal mechanisms a bankruptcy trustee uses to unwind prior transfers and expand the pool of assets available for equitable creditor distribution.
What Does IRS Nonacquiescence Mean?
An IRS nonacquiescence signals a formal disagreement with a court ruling, creating different tax law applications for taxpayers based on their location.
Can You Write Off Business Cash Purchases?
Writing off cash expenses involves specific tax considerations. Understand the principles for correctly managing and validating these business purchases.
How to Properly Calculate the Cost of Equity
Learn to precisely calculate the cost of equity, a critical component for sound financial modeling, investment analysis, and corporate valuation decisions.
Lease Audit Procedures: A Step-by-Step Process
A detailed overview of the procedures used to validate landlord billings and ensure alignment with commercial lease agreement terms.