Are Health Insurance Premiums Paid by Employers Taxable Income?
Explore the tax implications of employer-paid health insurance premiums and understand when they may be considered taxable income.
Investment and Financial Markets
IRC 481 Adjustments: What They Are and How They Impact Accounting
Explore how IRC 481 adjustments influence accounting practices and the implications for method changes and income reconciliation.
What Is an ESBT and How Does It Work for Small Business Trusts?
Explore how Electing Small Business Trusts (ESBTs) function, their setup, taxation, and distribution rules for small business owners.
Section 121 Exclusion: How to Qualify and Calculate the Tax Benefit
Learn how to qualify for the Section 121 exclusion and calculate your tax benefits when selling your principal residence.
What Is IRC 59 and How Does It Impact Tax Adjustments?
Explore how IRC 59 influences tax adjustments, its interaction with AMT, and the implications for compliance and reporting.
What Is the Internal Revenue Code and How Does It Work?
Explore the Internal Revenue Code’s framework, its impact on various entities, and key compliance aspects.
How to Get an IP PIN to Protect Against Identity Theft
Secure your identity with an IP PIN. Learn how to request, renew, and manage it effectively to safeguard against identity theft.
Rev Proc 84-35: Filing Requirements for Small Partnerships
Understand the filing requirements and relief options for small partnerships under Rev Proc 84-35 to ensure compliance and avoid penalties.
What Were the McKinley Tariffs and How Did They Impact Trade?
Explore the McKinley Tariffs’ role in shaping trade policies and their effects on international commerce and economic strategies.
How Is Tax-Exempt Interest Income Reported and Used for Taxes?
Learn how to report tax-exempt interest income, understand its implications, and manage your tax obligations effectively.
What Is a 408b Individual Retirement Account?
Explore the essentials of a 408b IRA, including custodial rules, tax benefits, and distribution guidelines for effective retirement planning.
IRC 172: How the Net Operating Loss Deduction Works
Explore the intricacies of the Net Operating Loss Deduction, including its calculation, application, and impact on various tax entities.
Is a Lump Sum Divorce Settlement Taxable?
Explore the tax implications of lump sum divorce settlements, including recipient liabilities, payer obligations, and reporting requirements.
IRC 645 Election for Estates and Trusts: Key Filing Requirements
Learn about IRC 645 election, its filing requirements, and timing for estates and trusts to optimize tax management.
What Is the Amount of the Self-Employment Tax (SECA) and How Does It Compare to FICA Taxes?
Explore the differences between SECA and FICA taxes, including rates, payment methods, and deductions for self-employed individuals.
Which Party Taxes More? A Breakdown of Tax Policies
Explore the nuances of tax policies across parties, covering income, corporate, capital gains, estate, and consumption taxes.
What Is IRC 1361 and How Does It Define S Corporations?
Explore how IRC 1361 outlines the qualifications and limitations that define S Corporations, impacting their structure and tax status.
Are Life Insurance Premiums Tax Deductible?
Explore the tax implications of life insurance premiums, including individual, employer, and business-owned policies, and potential exemptions.
Can the IRS Take Your Social Security Disability Check?
Explore how the IRS can withhold Social Security Disability checks, including legal grounds, exemptions, and payment options.
What Is a Section 754 Election and How Does It Work?
Learn about Section 754 Election, its impact on partnership tax basis adjustments, and the procedures for filing and revocation.