How the New Employment Credit Recapture Works
For California employers, keeping the New Employment Credit involves understanding the long-term obligations tied to employee wages and retention.
Investment and Financial Markets
What Was the ACA Section 9010 Health Insurance Fee?
Examine the former ACA Section 9010 fee, a non-deductible charge allocated to health insurers based on market share to help fund federal subsidies.
What Is Form 8844: Employer Credit for FICA Taxes?
Learn how food and beverage employers can use Form 8844 to claim a general business credit for the FICA taxes they pay on reported employee tips.
Is an S Corp Considered Community Property?
Understand how community property laws treat S Corp ownership, impacting business valuation, division in a divorce, and crucial tax planning strategies.
What Is the Integrity and Objectivity Rule?
Explore the Integrity and Objectivity Rule, the ethical cornerstone for all accounting professionals that guides judgment and preserves public trust.
What Is the Depreciation Life of an Elevator?
Learn how an elevator’s status as a structural component determines its depreciation life and limits common accelerated write-off strategies for property owners.
What Is Included on Form 941 Line 2?
Determine the correct total compensation for Form 941 Line 2 by identifying all reportable payments and distinguishing them from excludable items.
Filing or Amending a 2016 Form 720 Excise Tax Return
Reference the specific 2016 rules and tax rates for the Form 720. This guide provides the necessary details for filing a late or amended excise tax return.
What Is an All-Cash D Reorganization?
Learn how tax law looks beyond the form of a cash-for-assets deal between related companies, leading to unexpected tax treatment for owners and assets.
26 U.S.C. § 6330: Notice and Hearing Before an IRS Levy
Understand the formal administrative process that allows taxpayers to contest an IRS levy and explore resolution options with an impartial officer.
What Is P.L. 117-2? American Rescue Plan Tax Changes
Explore the tax code adjustments in P.L. 117-2, the American Rescue Plan. Learn how its financial relief and reporting rules impacted individuals and businesses.
Should I Choose a Traditional or Roth 401(k)?
Deciding between a Traditional and Roth 401(k) comes down to when you pay taxes. Align your choice with your personal long-term financial outlook.
Do Foreigners Pay Capital Gains Tax on US Stocks?
For non-US investors, tax on US stock gains depends on several factors. Understand how your personal circumstances and investment choices affect your tax liability.
AS 1095 Requirements for Substantive Analytical Procedures
Learn how AS 1095 governs the use of substantive analytical procedures, ensuring a disciplined and well-documented approach to obtaining audit evidence.
EITF 00-19: Equity vs. Liability for Stock-Indexed Contracts
A technical review of how settlement provisions in stock-indexed contracts determine their classification as equity or a liability impacting reported earnings.
1.1502-6 and Several Liability for Consolidated Groups
An analysis of the principle that makes each member of a consolidated group fully liable for the entire group’s tax, even after it leaves the group.
What Is Form 8635 and Who Is Required to File It?
Learn how corporations use Form 8635 to verify a substantial foreign business presence and determine the tax treatment following a corporate inversion.
How to Complete Form 433-A (OIC) for an IRS Offer
Understand how to present your financial data on Form 433-A (OIC). This detailed statement provides the basis for an IRS Offer in Compromise review.
What Does 1099-SA Code 1 Mean for Your Taxes?
A Code 1 on Form 1099-SA indicates a normal HSA distribution. Learn how your spending on qualified medical expenses determines its taxability on Form 8889.
26 USC 6013: Rules for Filing Joint Tax Returns
Explore the legal framework of 26 USC 6013 for joint tax returns, including the core requirements and the significant financial responsibilities it creates for spouses.