The Professional Standard of Due Care in Auditing
Understand the professional benchmark for auditor diligence. This overview explains how professional judgment and skepticism shape audit quality and accountability.
Investment and Financial Markets
Is a Foreign Pension Taxable in the US?
Understand the U.S. tax and reporting obligations for a foreign pension, which can differ significantly from the rules in another country.
FASB 136 and Accounting for Not-for-Profit Transfers
Learn how not-for-profits determine the proper accounting for assets received on behalf of other entities, based on the level of control granted.
How Does Fair Value Hedge Accounting Work?
Learn how fair value hedge accounting protects earnings from volatility by symmetrically recognizing gains and losses on a hedged item and its hedging instrument.
What Is the 112-42 Combat Zone Tax Exclusion?
Discover the financial framework of the Combat Zone Tax Exclusion. Learn how service in a designated area modifies tax on military pay and alters filing obligations.
IRS Form 8834 Instructions for EV & Fuel Credits
Learn the correct process for using IRS Form 8834 to claim tax credits for a qualified electric vehicle or alternative fueling property.
1.704-2: Allocating Partnership Nonrecourse Liabilities
Explore the tax rules for allocating partnership nonrecourse liabilities, a framework designed to ensure tax consequences follow economic reality.
Tax Deferral Strategies You Should Know About
Explore financial strategies that allow you to delay paying taxes, keeping more of your capital invested and working toward your long-term goals.
How Much Working Capital Do I Need?
Determine the right amount of operating cash for your business by moving from a static snapshot to a more dynamic view of your company’s financial cycle.
Types of 529 Plans: Savings vs. Prepaid
Understand the key trade-offs between different 529 plans to select an education savings strategy that fits your financial comfort level.
IFRS 15 Application for the Power and Utilities Industry
A guide to the nuanced application of IFRS 15 in the power and utilities industry, addressing the unique accounting judgments for complex customer contracts.
What Qualifies as a Qualified Dividend?
Understand the specific criteria that determine whether your dividend income qualifies for more favorable long-term capital gains tax rates.
What is Relief at Source for Withholding Tax?
Understand the proactive mechanism for applying tax treaty benefits to foreign investment income at the time of payment, bypassing standard refund claims.
How to Get an EIN Number for a Trust Account
Properly administer a trust by obtaining its required federal tax ID. Learn the necessary steps for navigating the IRS process to fulfill your duties as a trustee.
Late Classification Relief 2009-41: How to File
Explore the simplified method under IRS Rev. Proc. 2009-41 for correcting a late entity classification election and ensuring your business is taxed as intended.
Rev. Proc. 99-28: Changing Bad Debt Accounting Methods
Explore the IRS automatic consent procedure for changing your bad debt accounting to a proper method, ensuring compliance and addressing prior year calculations.
What Is the Max Contribution to an HSA?
Understand how your personal HSA contribution limit is determined. Learn the rules for calculating your maximum and managing your funds to avoid common, costly errors.
What is the IRS Definition of a Disregarded Entity?
Understand the tax classification where a business is legally separate but part of its owner for income tax, creating unique federal reporting obligations.
What Are the Rules for the NYS Gambling Tax?
Clarify your NYS tax responsibilities for gambling proceeds. This guide explains the financial and filing requirements to ensure proper compliance with state law.
What Is Form 8453-EMP and How Is It Used?
Learn how Form 8453-EMP provides the necessary signature authorization for a tax professional to e-file your employment tax returns on your behalf.