Rev. Rul. 83-51: Are Wrongful Death Settlements Taxable?
The tax treatment of a wrongful death settlement hinges on the nature of the damages. Understand the framework used to separate non-taxable compensation from taxable awards.
Investment and Financial Markets
What Is the Section 245A Dividends Received Deduction?
A guide to the Section 245A DRD for C-corporations, detailing how this territorial tax provision works and the critical limitations that impact its application.
What Is a Payment Deferral and How Does It Work?
Discover the financial mechanics of a payment deferral. This formal agreement moves a skipped payment to the end of your loan, affecting its term and cost.
FAR 23.67: Climate Disclosure for Federal Contractors
A proposed FAR rule requires contractors to report on climate risks, integrating environmental data and GHG accounting into procurement compliance.
ASC 932: Accounting for Extractive Activities
Understand the financial reporting framework of ASC 932, which guides how oil and gas producers translate complex operational activities into financial results.
How Are Employee Stock Grants Taxed?
Employee stock grants create unique tax situations. Understand how the journey from grant to sale determines your ordinary income and capital gains tax.
What Are the W-2 E-File Requirements?
Navigating W-2 e-filing involves more than just the federal deadline. Discover how your total number of information returns determines your filing method.
Fiscal Year Versus Calendar Year: How to Choose
Selecting a tax year involves more than compliance. Aligning your accounting period with your business’s natural operational cycle provides clearer financial insight.
Do 401(k) Contribution Limits Include Employer Match?
Understand the key distinction between the 401(k) limit for your own contributions and the separate, higher limit that includes your employer’s match.
ASC 942: Accounting for Depository and Lending Institutions
Explore ASC 942, the specific accounting framework that governs the unique financial reporting requirements for banks and other lending institutions.
What Are Common Examples of Capital Expenditures?
Discover the principles that separate a major business investment from a daily expense and learn how this classification impacts your company’s financial health.
Types of Balance Sheet Formats and Layouts
Understand how different balance sheet structures and layouts are used to organize financial data for clarity, liquidity assessment, and trend analysis.
Filing Form 8626 for a Passive Foreign Investment Company
Navigate the tax compliance process for a PFIC. This guide covers the necessary data, elections, and procedures for correctly filing IRS Form 8626.
What Is IRS Form 8022 for Estate Personal Property?
Learn why IRS Form 8022 is obsolete and discover the current procedures for correctly reporting an estate’s tangible personal property for tax purposes.
IRC 2042: Including Life Insurance in a Taxable Estate
Learn how rights and control over a life insurance policy determine if its value is included in a taxable estate for federal tax purposes.
Granting Stock Options to Foreign Employees
Extend employee ownership globally by understanding the interplay between U.S. requirements and the specific regulatory environments of your foreign team members.
Converting an S Corp to a C Corp: The Process
Learn about the procedural, financial, and strategic shifts involved when converting a business from an S Corp to a C Corp to accommodate future growth.
Tax Treatment of Stock Options for Corporations
Explore how a corporation’s tax deduction for employee stock options is determined by the plan’s structure and the timing of employee actions.
Defining Accounting Principles and Concepts
Discover the essential framework of assumptions and guidelines that translates business activity into reliable and comparable financial information.
Carried Interest vs. Profits Interest: What’s the Difference?
Understand the nuanced relationship between profits interest and its specific subtype, carried interest, focusing on their distinct economic and tax treatments.