What Are Control Deficiencies in Financial Reporting?
Understand the processes that govern a company’s financial safeguards and the implications when they don’t perform as intended.
Investment and Financial Markets
What Is Form 1099-DIV for Dividends and Distributions?
Form 1099-DIV details the tax character of your investment income. Learn how these figures translate to your tax return for proper reporting and compliance.
What Is the Average Cost of Tax Preparation?
The cost for tax preparation services is shaped by your return’s complexity and the type of professional you engage for your filing.
How to Fill Out Form W-4 When Married Filing Jointly
Adjust your tax withholding as a married couple to align paychecks with your joint tax liability, helping to prevent a large tax bill or refund.
Is an OPERS Plan the Same as a 401k Retirement Plan?
Explore the distinctions between an OPERS pension and a 401(k), from who manages the money to the predictability of your retirement income.
Filing Instructions for IRS Form 2553
Learn the procedural steps for changing your business’s federal tax status by successfully preparing and filing IRS Form 2553.
What Is a Non-Elective Contribution?
An employer contribution to your retirement plan doesn’t always require a match. Learn the mechanics behind this funding method and its impact on your savings.
Are Flights Taxed? A Breakdown of Government Fees
Demystify your airline ticket’s final price. This guide explains the structure of government-imposed charges and what these funds support.
What Is the Tax Treatment of an Extraordinary Dividend?
Learn the distinct tax rules for large dividends, which require corporate shareholders to reduce their stock basis while individuals are typically unaffected.
Is Debt or Equity Financing More Expensive?
Evaluating financing options goes beyond interest rates. Understand the subtle costs and strategic considerations of debt versus equity to find the right balance.
When Does the Military Get Their W-2?
This guide clarifies the official DFAS process for service members to get their annual W-2, covering procedures for active, retired, and separated personnel.
Are Your Attorney Fees Tax Deductible?
The deductibility of attorney fees depends on the context. Learn the tax rules for business-related legal costs and the specific exceptions for individuals.
ASC 606-10-25-30: Identifying Performance Obligations
Explore the judgment required by ASC 606 to determine if promised goods or services are distinct performance obligations for revenue recognition.
EITF 21-A: Accounting for Tax Credit Investments
Gain guidance on EITF 21-A, the new standard expanding the proportional amortization method to more tax credit investments and its impact on financial reporting.
Is Your VA Disability Income Taxable?
Learn the tax principles governing VA disability pay and how these non-taxable benefits can alter your annual reported income and tax forms.
Can I Cancel My Tax Return After It’s Been Filed?
Discover the official procedure for addressing errors on a filed tax return. Learn what actions to take based on your return’s status with the IRS.
What Is the REET Tax and How Is It Calculated?
Gain a clear understanding of the Real Estate Excise Tax, a key financial component of property sales, and the process for proper documentation.
A Full Comparison of Property Taxes by State
Explore the core mechanics of property tax assessment and the key economic and policy factors that drive the wide variance in rates across the U.S.
How to Handle Sales Tax on Freight Charges
The taxability of freight charges is often tied to the goods being sold. Understand how state rules affect your business’s sales tax obligations.
IRS Asset Life Table: Finding Your Recovery Period
Determine the correct useful life for your business property by navigating the IRS’s official asset classification system for accurate tax depreciation.