Improper Revenue Recognition: Schemes and Red Flags
Go beyond the surface of financial reports to understand how revenue can be misrepresented and the indicators that suggest a company’s earnings are unreliable.
Investment and Financial Markets
How Does Perpetual Preferred Stock Work?
Explore how perpetual preferred stock blends equity and debt features to provide steady income. Understand how its unique structure impacts its value and financial role.
What Are the Tax Benefits of QOZ Investments?
Understand the strategic framework for converting a capital gains tax liability into a long-term investment with tax-free growth potential.
What Are the Roth IRA Contribution Cut Offs?
Understand the IRS guidelines that determine your eligibility to contribute to a Roth IRA, based on factors like your income and the tax year calendar.
Is Health Insurance a Business Expense?
The tax treatment for health insurance premiums depends on your business entity and who is covered. Learn the critical rules for owners and employees.
Is Alimony Taxable in North Carolina?
In North Carolina, the tax treatment of alimony hinges on the date of your divorce agreement, which determines taxability for recipients and deductibility for payers.
Can an Entity Make an 83(b) Election?
The 83(b) election is not limited to individuals. Discover when and how the definition of a “service provider” enables an entity to make this tax election.
IRC Section 357: Assumption of Liability Rules
Understand the tax implications when a corporation assumes shareholder debt in a property transfer, and how specific conditions can trigger a taxable gain.
What Is the Ultra-Millionaire Tax Act?
Explore the mechanics of the proposed Ultra-Millionaire Tax Act, a plan for an annual tax based on total net worth rather than yearly income.
What Is a 501(c)(8) Organization and How Do You Apply?
Understand the operational and legal framework for 501(c)(8) fraternal beneficiary societies, from initial qualification to ongoing IRS compliance.
What Is a 50B Protective Order in North Carolina?
This guide explains the purpose of a 50B protective order in NC, detailing the legal qualifications and procedural steps for seeking civil protection.
Form 3115: Application for Change in Accounting Method
Understand the formal process for requesting an IRS change in accounting method and the critical adjustments required to ensure accurate tax reporting.
ASU 2022-06: Deferral of Reference Rate Reform Relief
FASB extends the sunset date for optional accounting relief, giving firms more time to manage the financial reporting effects of reference rate reform.
What Is Fund Transfer Pricing and How Does It Work?
Discover the internal framework financial institutions use to isolate profitability, centralize risk, and align incentives across lending and deposit operations.
When Is the Heavy Use Tax Due Date for Form 2290?
Navigate the Heavy Highway Vehicle Use Tax by learning how a vehicle’s first month of service determines the specific filing deadline for Form 2290.
How to Claim the Arkansas Homestead Tax Credit
Learn how Arkansas homeowners can secure the homestead tax credit, a direct reduction that lowers the final amount of their property tax bill.
What Qualifies as a Contract Expense?
Understand the costs that arise from business agreements and the correct procedures for managing them to ensure financial and regulatory compliance.
What Is California Form 3805-P and Who Must File It?
California has its own penalty tax for certain retirement account transactions. Learn the state-specific rules and reporting requirements for Form 3805-P.
What Is the Tax Rate on Stock Dividends?
Your stock dividend tax rate is determined by more than just your income bracket. Learn about the factors that can lead to preferential tax treatment.
Rule 405 of Regulation S-T: Temporary Hardship Exemption
Learn how Rule 405 of Regulation S-T provides a compliance path for SEC filers experiencing unforeseen technical difficulties with EDGAR submissions.