Are Charity Auction Items Tax Deductible?
A payment at a charity auction is often part purchase, part donation. Discover the principles for identifying the tax-deductible portion of your payment.
Investment and Financial Markets
What Costs Are Included in Inventory?
Accurately calculating inventory value requires knowing which costs to include. Understand the principles for assigning expenses to products for correct reporting.
The Importance of Working Capital Management
Learn how balancing short-term assets and liabilities impacts operational efficiency, enhances liquidity, and supports long-term profitability.
What Are Other Current Liabilities on a Balance Sheet?
Uncover the details behind the “Other Current Liabilities” line item. Learn how these smaller, aggregated debts provide a fuller view of a company’s liquidity.
What Is Accelerated Amortization and How Does It Work?
Learn how accelerated amortization functions as a tax strategy to recover the cost of intangible assets and maximize early-year deductions.
How Long Is the Clawback Period in Bankruptcy?
The length of a bankruptcy clawback period depends on the transaction’s nature and the complex interplay between federal and state statutes.
What Is the Segregated Cost Method in Accounting?
Explore a tax accounting strategy that reclassifies a building’s assets to accelerate depreciation, resulting in deferred tax liability and increased cash flow.
Form 1099-DIV: Reporting Dividends and Distributions
Learn to interpret the dividend and distribution data on Form 1099-DIV and correctly apply it to your tax filing for accurate reporting.
Does Employer 401k Match Count as Income?
Explore the unique tax status of an employer 401k match. While not counted as income today, it has distinct implications for your future tax liability.
What Happens When the Tax Cuts Expire?
Many 2017 tax provisions are set to expire. Understand how this reversion to prior law could impact your financial picture and what actions to consider.
When Does the IRS Accept DocuSign Signatures?
The IRS permits electronic signatures like DocuSign, but specific rules apply. Learn the criteria for acceptance to ensure your documents are compliant.
Is California’s AB 333 Gang Law Retroactive?
California’s AB 333 redefined gang enhancement standards. Discover how the timing of a conviction determines eligibility for relief under the new law.
Code Section 3401(a): What Are Wages for Withholding?
Understand the distinction between taxable wages and non-taxable payments for accurate federal income tax withholding and payroll compliance.
Publication 4345: Taxability of Lawsuit Settlements
Understand the tax principles behind lawsuit settlements. Learn how the purpose of your award determines its taxability and what you need to report to the IRS.
How to Handle Delaware Statutory Trust Tax Reporting
For DST investors, this guide clarifies the tax reporting process, explaining how financial data from the trust integrates with your personal tax return.
Is the Backdoor Roth IRA Still Allowed?
The Backdoor Roth IRA remains a viable option for high-income savers. Learn the mechanics and tax considerations to properly execute this retirement strategy.
Do You File an 83(b) Election for ISOs?
While an 83(b) election is key for some equity, its role with ISOs is often misunderstood. Learn the specific tax treatment and why it differs.
Does Off Campus Housing Count as Room and Board?
Learn how off-campus living fits into your college’s cost structure. Understand the crucial role of the official housing allowance for financial and tax purposes.
Public Law 109-73: How to Export Controlled Substances
Understand the regulatory requirements established by Public Law 109-73 for the lawful export of controlled substances from the United States.
What Is IRS Form 8939 and Is It Still Used?
Explore the unique history of IRS Form 8939, a form for a temporary 2010 tax law change that was later made obsolete by the return of stepped-up basis rules.