ARB 51: Rules for Consolidated Financial Statements
Explore the core accounting principles for consolidating financial statements, where control, not just ownership, determines how to report as a single entity.
Investment and Financial Markets
The Registration Tax on a Car: How It Is Calculated
Understand the factors that determine your car registration tax, a variable cost based on state formulas that consider your vehicle’s value, age, and weight.
Do Photographers Pay Taxes? What You Need to Know
Earning an income from photography requires managing your finances like a business. This guide provides a clear overview of your tax responsibilities.
What Is the Proxy Tax for Exempt Organizations?
Understand the tax liabilities that arise when exempt organizations use member dues for lobbying and how to maintain compliance with IRS rules.
What Is the Defined Benefit Plan Contribution Deadline?
Explore how defined benefit plan contribution timing aligns with business tax filings to ensure deductibility and avoid funding deficiencies.
Form 8937 Instructions for Adjusting Your Stock Basis
Learn how to interpret Form 8937 and apply the details of a corporate action to accurately adjust the tax basis of your securities for reporting.
Can I Contribute to a Non-Deductible IRA If I Have a 401(k)?
Explore how an after-tax IRA can supplement your 401(k). This guide explains the distinct tax treatment of these funds and their role in a wider savings strategy.
Rules for Grouping Activities Under Section 469
Learn the critical framework for grouping activities under Section 469. Understand how to form an appropriate economic unit to properly manage passive losses.
What Is an In-Plan Roth Rollover and How Does It Work?
Explore how an in-plan Roth rollover repositions pre-tax retirement funds for future tax-free growth and the crucial financial considerations involved.
Is a Leased Car an Asset on Your Balance Sheet?
While you don’t own a leased car, it can appear on a balance sheet. Learn the financial principles that define an asset beyond simple legal ownership.
PL 115-141: The Tax Correction for the Grain Glitch
PL 115-141 resolved the grain glitch by establishing a new QBI deduction framework for agricultural cooperatives and their farmer patrons.
How Is Capital Gains Taxed in New Mexico?
New Mexico taxes capital gains as ordinary income, but a significant state deduction can reduce your overall tax liability on certain qualifying assets.
What Is the Voluntary Cessation Doctrine?
Explore the legal doctrine that prevents defendants from strategically ending a lawsuit, examining how courts distinguish a temporary halt from a permanent resolution.
What Is 1099 Interest and How Do I Report It?
This guide clarifies how to report interest income from a 1099-INT, ensuring the information is correctly transferred to your tax return for compliance.
Correcting Section 409A Operational Failures
A guide to the formal process for correcting certain Section 409A administrative errors and satisfying the requirements for IRS relief.
EITF 96-18: Accounting for Non-Employee Equity Awards
Examine the historical framework for valuing non-employee equity awards, focusing on the core judgments that shaped the guidance before its codification.
What Are the Requirements for Lease Disclosures?
Achieve compliance with modern lease accounting standards by understanding the required data inputs, judgments, and final presentation for financial statement disclosures.
Revenue Ruling 83-23: The Expat Statement Rule
Discover how a U.S. citizen’s statement of non-residency to a foreign authority can affect their overall U.S. tax position and eligibility for expat benefits.
Step-by-Step Form 1042-T Instructions
Learn how to prepare Form 1042-T, the required transmittal summary for withholding agents submitting paper Forms 1042-S to the IRS for processing.
Who Pays the Kansas City City Tax and How to File
Navigate the 1% Kansas City, MO earnings tax. Our guide helps residents and non-residents file correctly and ensure accurate payment for any work situation.