What Is the Gross Receipts Test for Small Businesses?
Understand the IRS gross receipts test, a key calculation determining if your business can access simplified accounting rules and bypass complex tax regulations.
Investment and Financial Markets
How Do Payroll Taxes Work for Employers and Employees?
Understand the payroll tax process by clarifying the shared duties of employers and employees, from withholding calculations to government remittance.
What Is the Official Cut Off to File Taxes?
Understand the official tax filing cutoff and other key deadlines that impact your return, payments, extensions, and potential refunds.
How to Use Management Fee Waivers for Profits Interests
Learn the framework for exchanging management fees for a profits interest, a strategy centered on tax efficiency and entrepreneurial risk.
Freelance Musician Tax Deductions You Can Claim
Move beyond a simple list of deductions. Learn a complete system for managing your musician finances, from essential record-keeping to filing your tax return.
What Was Section 902 and Why Does It Still Matter?
Understand the historical framework for mitigating double taxation on foreign earnings and why its legacy continues to affect corporate tax planning.
IRS Form 8846: How to Claim the FICA Tip Credit
Navigate the requirements for the FICA tip credit using Form 8846. Learn how this general business credit applies to employer FICA taxes on qualifying tips.
FAS 142: Accounting for Goodwill and Intangibles
Explore the principles guiding the modern accounting treatment of goodwill, which ties an asset’s reported value to its ongoing economic performance.
The Tax Treatment of an Advance Rent Payment
Understand the differing tax timing rules for advance rent, clarifying when landlords must report income versus when business tenants can claim a deduction.
How Rev Proc 2019-1 Works for IRS Ruling Requests
Navigate the formal requirements for requesting an advance IRS determination on a specific tax issue according to the framework of Rev. Proc. 2019-1.
What Are the New SECURE Act RMD Rules?
Recent legislation has altered the framework for required retirement account withdrawals. Learn the current rules impacting both account owners and their beneficiaries.
Small Business 401k Rules for Employers
Explore the framework for establishing and maintaining a small business 401k, covering essential plan design choices and ongoing compliance obligations.
How to Fill Out New York’s Form IT-2104
Complete New York’s Form IT-2104 correctly to ensure your tax withholding is accurate. This guide helps align your paycheck with your financial situation.
How to Pay Sales Tax in Washington State
Navigate the requirements for paying Washington sales tax. This guide provides a clear path for businesses to correctly remit payments to the state.
The 10 Year Depreciation Schedule for Business Assets
Learn the standard procedure for allocating the cost of specific long-term business assets over a 10-year timeframe for accurate tax accounting.
FAS 143: Accounting for Asset Retirement Obligations
Explore the accounting principles of ASC 410-20 for measuring and reporting the future obligations tied to the retirement of long-lived tangible assets.
How Tier 1 and Tier 2 Railroad Retirement Benefits Work
Explore the structure of railroad retirement, a system with two distinct benefit components, unique tax rules, and provisions for spouses and survivors.
What Is Section 7702b for Long-Term Care Insurance?
Learn how Section 7702b of the tax code provides the framework for qualified long-term care insurance, defining its structure and tax advantages.
Form 8261 Instructions: Filing for a Self-Dealing Act
Understand the informational filing obligations for issuers of debt involved in a financial transaction between a private foundation and a related party.
Pub L 111-147: HIRE Act and FATCA Provisions
An analysis of Pub L 111-147, a law with dual objectives: stimulating domestic employment and increasing global financial transparency for tax purposes.