What Is a Profit Sharing Contribution?
Profit sharing plans provide a flexible way for employers to make discretionary contributions to employee retirement accounts, beyond regular salary or matching.
Investment and Financial Markets
Qué es el Formulario W-7 y Cómo Llenarlo
Obtenga su ITIN para cumplir con sus obligaciones fiscales. Nuestra guía detalla el proceso del Formulario W-7 para una solicitud exitosa.
Are Capital Credits Considered Taxable Income?
Understand the tax implications of capital credit distributions. Learn when these payments are non-taxable refunds versus when they must be reported as income.
How IRC Section 1274(d) Determines the Applicable Federal Rate
Learn how federal tax rules impute interest on seller-financed debt for property, affecting the tax obligations for both the buyer and the seller.
What to Watch Out for When Using Financial Ratios
Go beyond surface-level ratio analysis. This guide explains the crucial context and assumptions that are necessary for an accurate financial assessment.
Making a 401k Withdrawal for Medical Expenses
Understand the financial considerations and procedural requirements for using retirement savings to cover significant, unreimbursed healthcare costs.
What Is Interest Income for Tax Purposes?
Not all interest income is taxed the same. Learn the tax treatment for various sources and how to properly report these earnings on your annual tax return.
What Is the TEFRA D Medicaid Option for Children?
Discover the framework of the TEFRA D Medicaid option, which allows children with complex needs to access coverage regardless of parental finances.
Federal Taxation of Partnerships and Partners
Gain insight into the federal tax framework for partnerships, focusing on how income flows to owners and the mechanics that determine tax outcomes upon sale or distribution.
Maryland Administrative Release 6 Explained
An overview of how Maryland adjusted income sourcing and tax credit rules for remote workers under Administrative Release 6 during the pandemic.
What Are the Roth IRA Rollover Rules?
A Roth IRA rollover offers future tax-free withdrawals but requires careful planning to manage the immediate tax impact and adhere to strict timelines.
What Is the Sales Tax in South Dakota?
Gain a clear view of South Dakota’s sales tax system, including how state and local rates interact and the wide scope of taxable services.
An Overview of Taxes in Montgomery County, MD
Get a clear breakdown of the local tax system in Montgomery County, MD, including how obligations are calculated, paid, and potentially reduced.
Tax Treatment of a 145(d) Qualified Funeral Trust
Gain clarity on the tax administration of a Qualified Funeral Trust, from its unique income calculation to the tax effects of distributions.
NYS Bulk Sales Tax Rules and Requirements
For purchasers of business assets in NY, understanding state tax notification rules is essential for mitigating risk and avoiding inherited liabilities.
What Is Rev Proc 2021-28 for Accounting Method Changes?
Rev Proc 2021-28 offers a streamlined path with automatic IRS consent for small businesses to adopt a simpler, less burdensome inventory accounting method.
What Are the Disadvantages of a Trust as a Life Insurance Beneficiary?
Naming a trust as a life insurance beneficiary is a complex decision. Understand the potential for reduced flexibility and significant administrative realities.
How Is Fair Market Value Determined?
Learn how fair market value is determined through a structured process, not a single formula. See how valuation methods adapt based on the asset being assessed.
Sales Tax on Commercial Rent in Florida
Navigate the complexities of Florida’s commercial rent tax. This guide clarifies landlord obligations and tenant costs following recent legislative changes.
Does a Company Pay Tax on SEO Revenue?
Understand how revenue from SEO is treated within the standard framework of business taxation, impacting your company’s net taxable income and overall liability.