What Are Japan’s VAT and Consumption Tax Rates?
A guide to Japan’s consumption tax, explaining the dual-rate system and the rules impacting residents, international visitors, and registered businesses.
Investment and Financial Markets
ASC 718: Accounting for Share-Based Payments
ASC 718 establishes the accounting principles for recognizing the cost of share-based payments throughout an award’s lifecycle on financial statements.
What Is the HR 25 FairTax Act of 2023?
Explore a proposal to replace the U.S. tax structure, shifting the source of federal revenue from what citizens earn to what they consume.
What Is the Schedule 5 Form for Additional Taxes?
Learn how Schedule 5 for Form 1040 addresses specific tax obligations that are calculated separately from your standard income tax.
Is Miscellaneous Expense an Operating Expense?
Understand the framework for determining if a minor cost relates to core business activities, a key distinction for accurate financial reporting and analysis.
IRS Pub 514: Foreign Tax Credit for Individuals
Learn the principles for claiming the Foreign Tax Credit. This guide explains how to mitigate double taxation and lower your U.S. tax bill on foreign income.
Taxes in Utah vs. California: A Financial Breakdown
A financial breakdown of Utah vs. California that moves beyond tax rates to show how each state’s system impacts different incomes, assets, and lifestyles.
Major Tax Provisions of the CARES Act
Explore the detailed tax code adjustments in the CARES Act designed to provide financial assistance to individuals and enhance liquidity for businesses.
How to See If You Owe the IRS Taxes
This guide details the official government methods for confirming your tax balance and explains the information required to access your account securely.
Is There a Different Tax Rate for People Over 65 Years Old?
Your tax rate doesn’t change at 65, but the way your taxable income is calculated does, providing unique advantages that can lower your overall tax burden.
Do Federal Employees Pay Into Social Security?
A federal employee’s connection to Social Security depends on their hiring date, which places them in one of two distinct retirement structures.
North Dakota Tax: Rates, Rules, and Requirements
A clear overview of North Dakota’s tax obligations. Learn how state-specific adjustments and credits affect your final tax liability after federal AGI.
Can You Use HSA for Teeth Whitening?
Learn the distinction between cosmetic procedures and medically necessary care to determine which dental expenses are eligible for your HSA funds.
Tax Rules for a Section 423 Employee Stock Purchase Plan
Navigate the tax rules for a Section 423 ESPP. Selling shares involves nuanced calculations for income and gains not captured on standard brokerage forms.
Can You Still File a Tax Return for 2022?
Filing a past-due 2022 tax return has specific requirements. Understand the process for submitting a prior-year return to claim a refund or resolve what you owe.
How to File NYC Form 1127 for Business Changes
Learn the procedure for using NYC Form 1127 to report business updates, ensuring your company remains compliant with the Department of Finance.
What Is the Foreign Earned Income Exclusion?
U.S. citizens working abroad may reduce their federal tax liability. Learn about the structure of this tax benefit and the key considerations for your tax return.
What Is a Schedule 14A Proxy Statement?
A Schedule 14A proxy statement is more than an SEC filing. Learn how to interpret this key document to make informed decisions on corporate governance and voting.
What to Do If You Receive an IRS Letter 950
An IRS Letter 950 proposes tax adjustments after an audit. Understand the findings and the formal procedures for responding before the deadline.
Debt Modification and Extinguishment Accounting
Explore the critical accounting distinction when debt terms change. This guide details the analysis required to correctly report a modification or an extinguishment.