How Long Does a Federal Tax Lien Last?
A federal tax lien follows a 10-year collection statute. Learn what events can extend this timeline and what actions can lead to an earlier resolution.
Investment and Financial Markets
What Is Click-Through Nexus and How Does It Work?
Learn how in-state affiliate referrals can create sales tax obligations for remote sellers and how this rule fits within modern state nexus standards.
Vermont Corporate Tax Rates, Rules, and How to File
A guide to Vermont corporate tax compliance. Learn the state-specific framework for determining your business’s tax liability from start to finish.
How to Calculate Taxes on Retirement Income
Your final tax bill in retirement is shaped by how different income sources are assessed and combined. Learn the structured process for an accurate calculation.
Is My Social Security Disability Taxable?
Learn if you owe taxes on your Social Security Disability. Your tax obligation depends on your combined income from all sources, not the benefit amount alone.
How to Claim the Indiana Credit for Taxes Paid to Other States
Understand the process for claiming Indiana’s tax credit for out-of-state income to ensure you don’t overpay on your state tax return.
What Are Expense Ratios and Why Do They Matter?
A fund’s annual expense ratio is a critical detail that directly impacts portfolio growth. Learn how this fee and other associated costs influence your returns over time.
Can I Borrow From My Roth 401(k) Plan?
A Roth 401(k) loan lets you access savings without a taxable withdrawal. Learn the rules, requirements, and financial outcomes of this structured process.
How the Mixing Bowl Rules Affect Partnership Taxation
Explore how tax law recharacterizes certain partnership property transactions to prevent the deferral of gain on what is effectively a sale.
Publication 4134: LITC Program Report Requirements
A guide for LITC grant recipients on the data, documentation, and procedural requirements for the mandatory annual program report outlined in IRS Publication 4134.
Is Alimony Tax Deductible in California?
Understand the state and federal tax rules for spousal support in California. The timing of your agreement determines the tax impact for payers and recipients.
FASB ASC 740-10: An Overview of Income Tax Accounting
This guide to ASC 740-10 explains how U.S. GAAP requires companies to account for income taxes, including the future effects of current transactions.
How to Pass the Public Support Test in the First Five Years
Understand the financial framework required in a new nonprofit’s first five years to successfully confirm its public charity status with the IRS.
How to File IRS Form 8815 for Education Expenses
Understand how to translate savings bond proceeds into a tax benefit for education. Our guide details the process for correctly completing and filing IRS Form 8815.
Arizona’s Tax Cut: What the Flat Tax Means for You
Arizona’s shift to a flat tax changes the financial landscape for residents and businesses. Understand how this new system affects your overall tax liability.
How to Find a Company’s Dividends Per Share
Assess a company’s shareholder return and financial stability by learning the different ways to find its exact dividends per share (DPS) data.
U.S. Tax Consequences of Liquidating a CFC
Understand the U.S. tax analysis for a CFC liquidation, where shareholder gain is shaped by corporate earnings and previously taxed income.
IRS Gifting Rules and Tax Exemption Limits
Understand the U.S. gift tax system. This guide explains how federal rules allow for significant tax-free giving and clarifies the process for reporting large transfers.
How to Claim Depreciation on Business Property
Understand the tax principles for recovering business property costs. Our guide walks through the complete process for claiming this valuable annual deduction.
Are Credit Card Processing Fees Tax Deductible?
For businesses, credit card processing fees are a standard operating expense. Learn to properly account for these costs to accurately reduce your tax liability.