ASU 2014-15: Management’s Going Concern Responsibilities
ASU 2014-15 formalizes management’s responsibility for going concern assessments, shifting the evaluation from external auditors to internal leadership.
Investment and Financial Markets
How to Use Michigan Form 5081 for Tax Exemption
Understand the procedural requirements for using Michigan Form 5081 to substantiate sales tax-exempt purchases for industrial processing.
What Is a Roth Catch Up Contribution?
Learn how Roth catch-up contributions allow savers over 50 to accelerate tax-advantaged retirement funds and navigate the regulations governing this strategy.
What Is the RMD Rate? How to Calculate Your RMD
Understand the IRS rules for mandatory retirement account withdrawals. This guide covers the essential factors and recent changes to help you manage your funds.
Section 39: Rules for Unused Business Credits
Understand the tax code’s framework for unused business credits. Learn how Section 39’s carryover rules help preserve a credit’s value over time.
ESOP Fraud: Common Schemes and Red Flags
An exploration of the legal duties that govern ESOP fiduciaries and the subtle ways those obligations can be breached, impacting employee retirement funds.
What IRS COVID Relief Is Still Available?
A review of pandemic-era tax relief from the IRS. Understand how past provisions may still allow you to claim valuable funds on prior-year tax returns.
What Is Indiana Schedule 2 (Add-Backs)?
Learn how Indiana Schedule 2 modifies your federal adjusted gross income for your state return by accounting for specific income and deduction differences.
How Do Capital Credits Work? Tax Rules and Payouts
Understand the financial benefits of your co-op membership. Learn how capital credits function as member equity, from allocation to payout and tax handling.
What Are the Clarified Auditing Standards?
Explore the modern framework for U.S. auditing standards. Learn how their clear, consistent design supports auditor judgment and enhances audit quality.
What Are the Journal Entries for Treasury Stock?
Explore the accounting principles for treasury stock transactions and their function as a direct reduction to a company’s total stockholders’ equity.
Who Is Eligible for the $800 Tax Rebate?
Understand the mechanics of the $800 tax rebate. This guide clarifies the financial and logistical details of the program for potential recipients.
What Are the Final Section 987 Regulations?
The final Section 987 regulations provide a balance sheet framework for tracking and deferring foreign currency gains and losses until a remittance is made.
What Is Rev Proc 75 17 and When Does It Apply?
Learn how Rev Proc 75-17 provides a safe harbor to secure favorable tax treatment when corporations issue debt instruments to their own shareholders.
Do I File a Gift Tax Return for Gifts Over $17,000?
Understand the reporting requirements for large financial gifts. Learn how the tax system works to track gifts without necessarily requiring a payment.
Can You Roll Over a Pension Into an Annuity?
Transferring a pension to an annuity depends on your plan’s specific payout options and the rules for maintaining the funds’ tax-deferred status.
What Is Real Estate Tax and How Is It Calculated?
Understand the key factors that determine your property tax bill and the standard administrative processes available to homeowners for managing their liability.
What States Offer Tax Breaks for Homeschooling?
Understand the financial mechanisms states use to support homeschooling, from tax-based relief to direct funding, to help manage your educational expenses.
How Much Can You Contribute to a SIMPLE IRA?
Learn the guidelines for SIMPLE IRA contributions, including the interplay between employee deferrals and required employer funding obligations.
Independent Contractor Tax Rates in California
Gain clarity on your tax duties as a California independent contractor. Learn how to determine your taxable income and fulfill federal and state obligations.