TaxGuidance Team

Bona Fide Loan: IRS Requirements, Tax Treatment, and Reclassification

Is a Home Warranty Tax Deductible? Rentals, Offices, and Flips

Are Teachers’ Government Wages Medicare Qualified?

Unamortized Bond Premium: Amortization and Tax Treatment

Corporate Excise Tax: Form 720, Deposits, and Refunds

Shareholder Loan Repayment: AFR, Basis, and Recharacterization

1099 Backup Withholding: Triggers, Payee Fixes, and B-Notices

Restaurant Equipment Depreciation: MACRS, Section 179 & Bonus

REIT 100-Shareholder Requirement: 5/50 Test, Penalties, Relief

What Is Land in Accounting? Costs, Improvements, and Sale