How the Gifting Stock to Charity Tax Deduction Works
Giving appreciated stock to charity can provide a greater tax benefit than cash. Learn the key financial and reporting rules to do it correctly.
Investment and Financial Markets
What Are the Quarterly Estimated Tax Due Dates?
Understand the federal requirements for paying tax on non-withheld income and the principles of the quarterly system to ensure timely compliance.
Can I Put My Personal Car Under My LLC?
Transferring a personal car to your LLC has significant financial and structural implications. Understand the full scope of this decision before you change the title.
How to File IRS Form 14039-B for Business Identity Theft
Understand the purpose and process of filing IRS Form 14039-B. A procedural guide for businesses addressing the fraudulent use of their EIN with the IRS.
What Is Georgia’s State Income Tax Rate for 2024?
Understand Georgia’s new flat income tax for 2024. Learn how the single rate applies and the key calculations needed to determine your actual state tax bill.
Who Can Claim Head of Household on Taxes?
Filing as Head of Household provides key tax advantages. Understand the specific rules regarding your living situation and financial support to see if you qualify.
What Is FRS 102 Revenue Recognition?
Understand the FRS 102 approach to recording revenue. This overview clarifies the criteria for determining when income is earned and how it should be valued.
The MCC Tax Credit: What It Is and How to Qualify
The Mortgage Credit Certificate offers an annual tax credit for homebuyers. Learn the key requirements and the process for securing and maintaining this benefit.
What Were Qualified Production Activities?
An overview of the former Domestic Production Activities Deduction, explaining its rules and relevance for amending U.S. tax returns for years prior to 2018.
What Can Travel Nurses Claim on Taxes?
Gain clarity on your tax obligations as a travel nurse. Learn the core principles for handling reimbursements and work-related expenses for an accurate return.
An Analysis of Tech Sector Taxation
An analysis of how the tech sector’s reliance on intangible assets and global scale challenges traditional tax frameworks, prompting new domestic and global rules.
What Is Entity Accounting for a Business?
Learn why treating a business as a distinct financial unit, separate from its owners, is a core principle for creating reliable financial reports.
Can Long Term Losses Offset Short Term Gains?
Your investment holding periods have a significant impact on your taxes. Explore the mechanics of how capital losses can reduce gains across categories.
Does Massachusetts Collect State Taxes?
An overview of Massachusetts state taxes. Learn how the state’s flat-rate income tax works and the criteria for who is required to file a return.
Reverse Like-Kind Exchange: Process and Rules
A reverse like-kind exchange allows you to acquire a new property before selling an old one. Learn the procedural framework for this tax-deferral strategy.
The Difference Between Incurred and Accrued Expenses
Gain clarity on the principles of expense recognition. Learn how the timing of recording costs impacts the accuracy of your company’s financial statements.
Does an FSA Reduce Your AGI for Tax Purposes?
Clarify the connection between an FSA and your AGI. Learn how contributions lower your taxable income before it’s reported for a reduced tax liability.
What Is the 877 Code for the US Exit Tax?
Renouncing U.S. citizenship or long-term residency triggers specific tax rules. Explore the framework for determining your final U.S. tax liability.
How to Write Off Charitable Donations on Taxes
Claiming a tax deduction for giving goes beyond good intentions. Learn the IRS process to ensure your generosity is reflected correctly on your tax return.
1041 Charitable Deduction Rules for Trusts and Estates
Understand the specific tax framework for fiduciary charitable giving, including how income sourcing and calculation adjustments affect the final deduction.