How to Keep Your Social Security Benefits Untaxed
Learn how your combined retirement income affects the tax on your Social Security. Discover financial planning strategies to help manage your overall tax liability.
Investment and Financial Markets
What Is Form 1009c (1099-C) and How Do You Report It?
Understand the tax implications when a lender cancels your debt. This guide explains how to determine if it’s taxable and the process for proper reporting.
Why File a Tax Return Even If You Don’t Have To?
Even if you aren’t required to file taxes, submitting a return can be a strategic financial move that provides both immediate and long-term benefits.
How Is an Employee Share Purchase Plan Taxed?
The tax on your ESPP profit depends on when you sell. Learn to navigate the rules for ordinary income and capital gains to ensure accurate tax reporting.
1099-K $600 Threshold: What Is the Current Rule?
Navigate the complexities of Form 1099-K. Understand the delayed $600 federal rule, differing state requirements, and how to report your income accurately.
What Does Safe Harbor Mean in Law and Accounting?
Understand the role of safe harbor provisions in law, which provide certainty and reduce liability by establishing clear, actionable guidelines for compliance.
What Is a Drop and Swap 1031 Exchange?
Explore the 1031 exchange method that allows individual partners to defer taxes by carefully restructuring ownership of a shared real estate asset.
Overseas Taxation: Filing Taxes as a U.S. Expat
U.S. citizenship-based taxation requires filing from abroad. Learn how to manage your unique income and asset reporting obligations to maintain compliance as an expatriate.
What Is the Florida First Responder Tax Exemption?
Navigate the requirements for Florida’s full homestead property tax exemption, a key benefit available to eligible first responders and surviving spouses.
Civil Code Section 4041: HOA Notice Requirements
Explore the legal framework governing how HOAs and homeowners must manage official notices, ensuring communication is valid and properly documented.
Section 530 Relief for Worker Misclassification
Section 530 offers a defense against worker reclassification, but eligibility hinges on consistent business practices and proactive record-keeping.
Is Rent Expense a Permanent Account?
Discover why rent expense is a temporary account that resets each period, unlike permanent balance sheet accounts that carry forward a balance.
Lessor Capital Lease Accounting: What’s Changed?
ASC 842 replaced the term capital lease for lessors. This guide explains the current accounting for finance leases, from classification to profit recognition and disclosure.
How to Tax Long Term Real Estate Capital Gains
Gain clarity on the tax treatment of your real estate sale. Understand how profit is assessed and what factors determine your final tax obligation.
When Does Social Security Tax Stop Coming Out of Paycheck?
Social Security tax is not withheld from your entire annual income. Understand how the government’s yearly earnings limit impacts your take-home pay and tax return.
Do I Need a Sales Tax Permit in Texas?
This guide helps businesses see if their connection to Texas creates a sales tax duty and clarifies the necessary steps for compliance.
Are Your Pensions Taxed in California?
Understand how California’s tax rules apply to your retirement income. Learn how your residency status and the source of your funds determine your tax obligation.
Are Consulting Services Taxable in Texas?
In Texas, the taxability of consulting services depends on the specific activities performed and how they are delivered, not the “consulting” label itself.
SPAC Accounting: Technical Issues and Considerations
A guide to the unique accounting treatments and financial reporting complexities inherent in the lifecycle of a Special Purpose Acquisition Company.
What Are Financial Statement Review Engagements?
A financial statement review provides limited assurance through inquiry and analytical procedures, offering a practical balance between cost and credibility.