What to Know About the Refundable AMT Credit
Gain insight into the tax credit generated from prior AMT payments and the specific, now-expired provisions that once made a portion of it refundable.
Investment and Financial Markets
Section 326: Customer Identity Verification Rules
Understand the regulatory framework of Section 326, detailing the specific obligations for financial institutions when establishing a customer’s identity.
What Is Monitoring of Controls and How Is It Implemented?
Learn how a structured monitoring process assesses internal control performance over time, ensuring they operate effectively and adapt to changing risks.
Revenue Code 481 Adjustments for Accounting Method Changes
Understand the principles behind the required tax adjustment for a change in accounting method, ensuring a correct transition between the old and new systems.
Why the Wealthy Don’t Rely on a 401(k)
For high earners, a 401(k) is a small piece of a larger financial puzzle designed for greater tax control, investment flexibility, and long-term wealth transfer.
How to Calculate the Break-Even Period
Learn to calculate when an investment’s returns will cover its initial cost, a core financial metric for evaluating project viability and managing risk.
Is a Second Home Considered an Investment Property?
How you use a property determines if it’s a second home or an investment, a key distinction that impacts its entire financial lifecycle.
How to File IRS Form 8822, Change of Address
Keeping your mailing address current with the IRS is essential for receiving refunds and notices. Learn the official procedure for making this update.
Is There a Neighborhood Electric Vehicle Tax Credit?
Explore the tax considerations for neighborhood electric vehicle owners, including how to address past purchases and identify current financial incentives.
Which States Don’t Have a Property Tax?
While all states have property taxes, their impact varies. This guide explains how to look beyond a single tax to understand a state’s true cost.
Employee Bonus on Sale of Company: Tax Rules
Bonuses from a company sale are taxed as compensation, not capital gains. Learn how these payments are structured and the tax rules that affect your take-home pay.
How Does Michigan Tax Retirement Income?
Michigan’s tax on retirement income depends on your birth year and the type of benefits you receive. Understand the state’s unique rules and deductions.
Can You Claim Mileage on Taxes if Not Self-Employed?
Federal tax changes impacted mileage deductions for most employees. Discover if you qualify under specific federal exceptions or differing state-level tax laws.
IRS Guidelines for a Date of Death Appraisal
Learn the IRS requirements for valuing a decedent’s assets. A proper appraisal is essential for accurate estate tax reporting and establishing beneficiary cost basis.
How to File a Late Election Form 2553
Learn the established IRS procedure for gaining relief when Form 2553 is filed late, including how to properly request S Corp status retroactively.
IRC Subchapter K: The Rules of Partnership Taxation
Explore the tax framework of Subchapter K, explaining the critical relationship between a partner’s investment and the partnership’s ongoing tax reporting.
How Does Child Care Reimbursement From an Employer Work?
Learn how employer child care reimbursements can lower your costs. This guide explains the financial structure and the process for accessing this valuable benefit.
What Is CA Form 3532 for Head of Household?
Filing as Head of Household in California may require Form 3532 to substantiate your claim. Understand the role of this form in documenting your eligibility.
What Are the Audit Assertions for Expenses?
Explore the foundational logic auditors use to verify expense reporting, ensuring financial statements are accurate, complete, and fairly presented.
How to Fill Out Schedule D: Capital Gains and Losses
Learn to properly report capital gains and losses. This guide covers the process from documenting individual asset sales to summarizing the totals on Schedule D.