How to File the Kentucky SK-402 Sales and Use Tax Return
Understand the process for reporting Kentucky sales and use tax. Learn how to translate your financial data into a properly filed SK-402 return.
Investment and Financial Markets
How to Get Your 1099 Form and What to Do If It’s Missing
Accurately reporting 1099 income is your responsibility. This guide outlines the proper procedures for obtaining and verifying forms to ensure tax compliance.
How to Calculate Capital Gains Tax With Examples
Learn to calculate the tax on profits from selling assets. Our guide provides a clear framework for determining your gain or loss and its impact on your taxes.
What Is the Statute of Limitations for Federal Tax Liens?
A federal tax lien is not permanent. Understand the legal timeline for IRS collection and the key circumstances that can alter its expiration date.
What Is an IRS Insurance Disallowance?
Learn the standards the IRS applies when evaluating business insurance deductions and the formal process for responding when a premium expense is disallowed.
Are Expenses Considered Liabilities in Accounting?
Explore the distinct roles of business costs and financial obligations. Learn how the timing of a transaction determines if a cost also creates a debt.
What Is a Tax Burden and How Is It Calculated?
Discover what the tax burden means beyond a simple tax bracket, how it is measured for individuals and nations, and who ultimately bears the economic cost.
Do You Get a W-2 for VA Disability Benefits?
VA disability is not reported on a W-2. This guide clarifies its non-taxable status and the official documentation you’ll use for income verification.
What Are the Tax Benefits of a Woman-Owned Business?
Explore the financial advantages for woman-owned businesses beyond direct tax deductions, from unique programs to universal tax-saving strategies.
How Rental Property Depreciation Recapture Works
Selling a rental? The depreciation you’ve taken (or were entitled to) creates a unique tax situation. Learn how it affects your final gain and tax bill.
Can a Nonprofit Own Rental Property?
Owning rental property can be a source of nonprofit revenue, but how it’s used and financed determines federal and local tax obligations.
What Is IRS Form 12153 and How Do I File It?
Explore the process for using IRS Form 12153 to formally request a hearing, an essential step for discussing collection alternatives with the IRS.
What Is the Restoration of Benefits Provision in a 401(k)?
Learn about the 401(k) restoration of benefits provision, a feature for rehired employees to reclaim forfeited employer funds by repaying a prior distribution.
What Is Regulation Q and Why Was It Repealed?
Understand the historic banking rule that shaped deposit interest for decades and how its repeal created today’s competitive account landscape.
What Is Paid-Up Capital and How Is It Calculated?
Learn how paid-up capital reflects the funds received from shareholders, providing a key measure of a company’s financial base and overall solvency.
Solo 401k vs. SIMPLE IRA: Which Plan Should You Choose?
Understand the key trade-offs between a Solo 401k and SIMPLE IRA, from maximum savings potential to how each plan adapts to future business growth.
How Long to Keep Tax Returns After Death?
Settling an estate requires careful management of the deceased’s tax history. Learn about your obligations to ensure proper financial closure.
How to File a Form 1023 Expedited Handling Request
Understand the specific circumstances under which the IRS grants an expedited review for a Form 1023 and how to properly submit the formal request.
GASB 87 Exclusions From Lease Accounting
Understand the specific arrangements excluded from GASB 87’s lease accounting model to ensure accurate government financial reporting and compliance.
What Happened to the IRS Personal Exemption?
The personal exemption was once a key tax deduction. Understand the tax code’s shift to new relief methods and where the old rules may still apply.