What Is the Reasonableness Standard in Business and Tax?
Explore the objective legal standard that underpins sound corporate governance and provides a crucial benchmark for tax and business compliance.
Investment and Financial Markets
What Is Form 8881: Credit for Pension Plan Startup Costs?
Understand how Form 8881 allows small businesses to claim a tax credit that offsets the costs of establishing and funding a new employee retirement plan.
ASC 820 Fair Value Measurement Requirements
Learn the principles of fair value measurement under ASC 820, from how to apply observable market data to when to use unobservable inputs.
What Is Conduit Debt and How Does It Work?
Learn how a government can issue tax-exempt bonds for a private entity, a structure where the issuer holds no financial liability for the debt’s repayment.
The FASB Technical Agenda: Current Projects and Process
Gain insight into the FASB’s structured process for evolving U.S. GAAP, from initial consideration of an issue to the final issuance of new standards.
Do Ordained Ministers Pay Taxes on Their Income?
Discover the unique tax structure for ordained ministers, where income is treated differently for federal tax filings and Social Security contributions.
What Were TCMP Audits and Do They Still Exist?
Explore how the IRS once used intensive, random audits for research and how that data-gathering mission has evolved into a less burdensome modern program.
Is a Service Fee a Tip for Tax and Reporting Purposes?
How a payment is classified—as a tip or a service fee—has distinct tax and reporting implications for both employees and their employers.
Donor Advised Fund Tax Deduction Limits
Explore the tax regulations for Donor Advised Fund contributions. See how your deduction is shaped by your income and the type of asset you choose to donate.
Are All ETF Dividends Qualified for Lower Taxes?
The tax treatment of your ETF dividends isn’t automatic. It’s determined by the fund’s underlying assets and your holding period. Learn how this impacts your taxes.
IRS Code 362: Basis of Property to Corporations
Understand how a corporation’s tax basis in received property is determined, exploring rules that link it to the transferor’s basis and limit loss transfers.
Revenue Code 815: The Phase III Tax and Surplus Accounts
Explore the mechanics of a historical tax deferral system for life insurers and the modern framework for resolving these legacy account balances.
What Are Section 909 Splitter Arrangements?
Understand Section 909, a key U.S. tax timing rule that defers foreign tax credits until the related income is properly recognized by the taxpayer.
Section 174d: Amortizing Your Software Development Costs
New tax rules under Section 174 change how businesses account for software development. Learn how to properly capitalize and spread these costs over time.
How to Do an Income Statement Analysis
Learn to interpret an income statement to evaluate a company’s financial health, operational efficiency, and performance trends over time.
Are All Mutual Funds Tax-Exempt? What Investors Should Know
Learn how a mutual fund’s tax treatment depends on its underlying assets, not the fund structure, and the type of account where it is held.
What Are Affiliated Service Group Rules?
Understand how the IRS groups related businesses as a single employer for retirement plan purposes, a crucial determination for plan compliance and testing.
Do You Pay Taxes on 401k After 65?
Navigating 401(k) taxes after 65 involves understanding how withdrawals interact with your overall financial picture, not just a single age-based rule.
Taxes When You Live in Florida and Work in New York
Understand the specific tax framework for Florida residents earning New York income. Learn how NY determines your tax liability regardless of your home state.
Does Virginia Allow Section 179 Depreciation?
While Virginia accepts Section 179, its non-conformity with federal bonus depreciation creates key differences for state tax calculations and asset basis.