Is the Employer’s State ID Number the Same as an EIN?
Learn how the employer's state ID number relates to an EIN, from what each identifier covers to how the numbers appear on tax forms and payroll filings.
Decommissioning Costs: ARO Accounting Under GAAP and IFRS
Learn how ARO accounting for decommissioning costs works under GAAP and IFRS, from initial recognition through accretion, revisions, and final settlement.
Inherited Roth 401(k): Withdrawal Rules, 10-Year Rule, and Taxes
Learn how inherited Roth 401(k) withdrawal rules work, from spousal options to the ten-year timeline for other heirs and how distributions are taxed.
Can I Claim My Domestic Partner as a Tax Dependent?
Learn how to claim a domestic partner as a tax dependent, from the IRS qualifying relative tests to the tax credit and health coverage savings that follow.
IRS Form 12277: Qualifying, Filing, and Notifying Bureaus
Learn how IRS Form 12277 lets you request withdrawal of a federal tax lien notice, from eligibility and filing to notifying lenders and credit bureaus.
Schedule 3K-1: Apportionment, PTE Credit, and Filing Steps
Learn how Massachusetts Schedule 3K-1 works, from state adjustments and apportionment through credits and withholding to reporting figures on your return.
Is Foreign Interest Income Taxable in the US?
Learn how foreign interest income is taxed in the US, from putting it on your return and offsetting foreign taxes to disclosing overseas accounts.
How to Correct Prior Year Depreciation Errors With Form 3115
Learn how to correct prior year depreciation errors, from picking the right fix and figuring the catch-up adjustment to handling special filing rules.
Internal Revenue Code 6056: Forms 1094-C, 1095-C, and Penalties
Learn how IRC 6056 reporting requirements work, from who must file and what the forms cover to deadlines, affordability, and penalty exposure.
What Happens If You Get Audited and Owe Money?
Learn what happens if you get audited and owe money, from how the bill is built and your options to dispute or pay it to what collection looks like.