Does Spousal Support Count as Income?

Whether spousal support is taxable income depends on your divorce agreement’s timing and terms. Understand the nuances that determine its tax treatment.

What is Section 2302 of the CARES Act?

A guide to the repayment phase of the CARES Act employer tax deferral, clarifying your obligations and how to correctly settle your 2020 tax liability.

Where Should I Mail My IRS Form 433-F?

Learn the correct procedure for submitting your financial information on Form 433-F, a key step in the process of resolving an outstanding tax liability.

How Does RSU Vesting Trigger a Wash Sale?

Receiving shares from RSU vesting is treated as a purchase, which can trigger the wash sale rule. Learn the tax implications and how to report it correctly.

Woodsam Associates Inc. v. Commissioner

Examines the foundational tax principle distinguishing a loan from a taxable sale, clarifying when a disposition occurs for assets with nonrecourse debt.

What Are S Corp Separately Stated Items?

Learn why some S Corp income and deductions are stated separately, impacting each shareholder’s tax liability based on their individual financial circumstances.