Is It Illegal to Issue a 1099 to a Nanny?
Paying a nanny correctly is more than just a choice. Discover the official guidelines for household workers to ensure you meet your legal and financial duties.
Investment and Financial Markets
Where to Send Form 8832: Official Filing Addresses
Filing Form 8832 involves more than finding the right address. Understand the complete procedural requirements to ensure your entity classification is valid.
ASC 912: Federal Government Contract Accounting
Explore the specialized U.S. GAAP framework of ASC 912, detailing how to account for revenue and costs on federal contracts for compliant financial reporting.
What Are the Tax Advantages of a 529 Plan?
Discover the financial principles behind a 529 plan and how its tax-advantaged design can optimize your strategy for funding education.
What Is the IRS Still Working Exception for 401k RMDs?
Working past the standard retirement age can alter your 401(k) withdrawal obligations. Learn the key distinctions of this specific IRS provision.
Backdoor Roth Contribution Limits and How They Work
Understand the nuances of the backdoor Roth IRA strategy. Learn the process for making contributions and navigate the tax rules to avoid common pitfalls.
Tax Basis vs. Book Basis: The Primary Differences
Explore how differing rules for financial reporting and tax compliance lead to two unique values for assets and the financial implications of this duality.
What Is the Apportionment of Taxes for Businesses?
Discover the methods states use to divide a company’s operational profits and assign other income to a specific location for state tax purposes.
Executor Commission: How It’s Calculated and Taxed
Serving as an executor involves key financial rules. Learn how compensation is structured based on specific assets and the tax implications of receiving payment.
Does California Tax Military Pay or Retirement?
Understand the financial nuances of California’s tax system for service members. This guide clarifies state tax obligations for military-related income.
What Are the Current Roth IRA Contribution Limits?
Your annual Roth IRA contribution eligibility is determined by more than the base limit. Learn how your income and age affect your personal maximum.
What Is the HR 302 FAA Reauthorization Act?
Discover how the 2018 FAA Reauthorization Act extended beyond funding to establish new standards for air travel, technology, and national preparedness.
Should I Add Sales Tax to My Invoice?
Learn the key factors that determine your sales tax obligations and the steps for correctly incorporating them into your invoicing and business operations.
What Is Public Law 93-406 (ERISA)?
ERISA, or Public Law 93-406, is the federal law setting standards for private retirement and health plans to ensure transparency and safeguard benefits.
List of Common IRS Notices and What They Mean
Navigate IRS correspondence with a clear, structured approach. Learn to interpret the purpose of any notice and prepare a complete and organized response.
Form 8833 Instructions for a Treaty-Based Position
Understand your disclosure obligations when a U.S. tax treaty modifies your tax liability. Learn the role of Form 8833 in reporting your position to the IRS.
What Is Form 1099-S for Real Estate Transactions?
Understand the purpose of Form 1099-S in a real estate transaction and how the reported proceeds figure is used to calculate your final capital gain or loss.
Does Nevada Have a Capital Gains Tax?
Understand the complete tax picture for selling assets in Nevada. Learn how the state’s tax policy intersects with federal duties and real estate obligations.
Corporate Transparency Act Update & Filing Obligations
Navigate the Corporate Transparency Act’s new reporting landscape. This guide details compliance obligations for businesses amid evolving legal interpretations.
Revenue Ruling 79-18: Tax-Free Corporate Spin-Offs
An examination of Revenue Ruling 79-18, which provides the framework for a tax-free corporate spin-off by clarifying the test for shareholder control.