TaxGuidance Team

How Does the IRS Step-Up in Basis Work at the Death of a Spouse?

Tax Fraud Meaning: Intent, Civil Penalties, and Prison

Convertible Debt Accounting: Bifurcation, EPS, and IFRS Differences

Demand Note Interest Rate: AFR, Prime Rate, and SOFR Benchmarks

Business Vehicle Trade-In Tax Treatment: Gain, Basis, Depreciation

FAS 109 and ASC 740: Deferred Taxes and Uncertain Tax Positions

What Is a BDC Fund? Holdings, Taxes, Fees, and Risks

W-2 Box 12 Codes: Pre-Tax Deferrals, HSAs, and Stock Options

How to Account for Lease Incentives Under ASC 842

Negative Taxable Income: NOL Filters, Carryforwards, and Claims