Does Employer-Paid Health Insurance Go on a W-2?
Understand the purpose of the health insurance cost shown on your W-2. This value represents the total plan cost and is for informational purposes only.
Investment and Financial Markets
Does California Have a Luxury Tax on Cars?
While California has no official luxury car tax, its combination of value-based fees creates a similar effect. Understand the real financial impact on a vehicle.
Who Needs to File Form 5471 for a Foreign Corporation?
Owning part of a foreign corporation may require filing Form 5471. Understand how ownership is calculated under complex attribution rules to meet IRS requirements.
What Is a Reimbursement Grant and How Does It Work?
Reimbursement grants operate on a spend-first model. Learn the process for managing your project expenses and navigating the claim for successful repayment.
Is Bank Interest Income Considered Taxable?
Interest earned on bank accounts is typically taxable. Learn the IRS requirements for reporting this income to ensure your federal tax return is filed correctly.
Instructions for Form 1065 Schedule M-3
Gain clarity on Form 1065 Schedule M-3. This guide provides a framework for translating financial book income into the required tax adjustments for a partnership return.
How to File IRS Form 911 for Hardship Assistance
If an IRS action is causing you a significant hardship, Form 911 initiates a review by an independent advocate to help resolve your case.
Can the IRS Take Your IRA for Unpaid Taxes?
Your IRA has special creditor protections, but the IRS is an exception. Understand the rules for a federal tax levy and its impact on your retirement savings.
How Do You Account for Decommissioning Costs?
Explore the accounting for asset decommissioning, from recognizing a future cost as a present-day liability to managing its long-term financial impact.
SSAP 25: Postemployment Benefit Accounting Rules
Learn how statutory accounting principles guide an insurer’s financial reporting for postemployment benefit obligations, a unique requirement under SSAP 25.
How Does the Property Tax Deduction Work?
Paying property taxes doesn’t automatically mean a tax break. Learn how this federal deduction works, who truly benefits, and its important financial limitations.
Do You Have to File Taxes for Every Job?
Learn how your total earnings from multiple jobs impact your tax filing. This guide covers how to properly consolidate all income onto a single, accurate return.
How to Claim the DC 529 Tax Deduction
Contributing to the DC 529 plan can lower your state tax liability. Learn the specific requirements and procedures for accurately claiming this valuable deduction.
Badges of Fraud: What the IRS Looks For
Learn how the IRS distinguishes between an honest tax mistake and willful fraud. Understand the specific indicators and patterns of behavior that can lead to an investigation.
What Small Business Tax Credits Can You Claim?
Understand how tax credits reduce your tax liability. This guide covers identifying opportunities, preparing documentation, and claiming them on your return.
What Are the Tax Implications of a Transfer on Death?
While a Transfer on Death avoids probate, tax obligations remain. Learn how an asset’s value at death impacts what a beneficiary owes when they eventually sell.
Can I Open a Traditional IRA? Eligibility Requirements
Find out if you can contribute to a Traditional IRA. Learn how to verify your eligibility and understand the tax-deduction options available to you.
E Bike Tax Rebate and Credits: How to Claim Yours
Financial incentives for e-bikes vary by location. This guide provides clarity on available programs and the steps for preparing and claiming your savings.
What Taxes Do You Get Back at the End of the Year?
A tax refund isn’t a bonus, it’s a reimbursement. Learn how your annual tax liability and the payments you’ve made determine if you get money back.
Projected Unit Credit Method: Calculation & Reporting
Learn how the PUC method uses key assumptions to translate a future pension promise into a present-day liability for a company’s financial statements.