Form 8949 Attachment: Format, Filing, and Recordkeeping
Learn how to prepare a Form 8949 attachment, from knowing when one is needed and formatting the statement to filing it and keeping the records.
Can an Irrevocable Trust Distribute Capital Gains?
Learn how an irrevocable trust can distribute capital gains, from the conditions that pull gains into DNI to beneficiary reporting and estimated taxes.
Is HVAC Qualified Improvement Property? Bonus, Section 179, Recapture
Learn how HVAC qualifies as qualified improvement property, from which projects fit and how the write-off works to sale-time recapture and tenant rules.
Can You Claim Child Tax Credit for a 17-Year-Old?
Learn how the child tax credit for a 17 year old works, from the age cutoff and alternative credit to dependency rules and other filing benefits for parents.
Is Accrued Wages a Liability on the Balance Sheet?
Learn how accrued wages are treated as a liability on the balance sheet, from what belongs in the accrual to journal entries and their tax implications.
Amended Return Completed But No Check: Form 3911 and Offsets
Learn what to do when an amended return is completed but no check has arrived, from tracing the payment to offsets, address updates, and identity holds.
Extra Withholding on W-4: How It Works and How Much to Add
Learn how extra withholding on a W-4 works, from the situations where it makes sense to calculating the right amount and updating the form as life changes.
Single-Member LLC EIN: When It’s Required, Optional, or Useful
Learn how a single-member LLC EIN works, from the triggers that make one required to the reasons owners often get one anyway and how to apply.
Accounts Receivable Disclosure Example and Requirements
Learn how accounts receivable disclosure requirements work under U.S. GAAP, from balance sheet reporting to footnote policies and transferred receivables.
What Is the 110% Rule for Estimated Tax Payments?
Learn how the 110% rule for estimated tax payments works, from who it applies to and how it fits among the safe harbors to what happens if you fall short.