Do I Need to Issue a 1099 for Credit Card Payments?
Learn how 1099 reporting works for credit card payments, from which vendor transactions still require a form to special rules for attorney fees and W-9s.
What Is a Bona Fide Plan? Requirements, Tax Rules, and Penalties
Learn how bona fide plans work, from setup and operating requirements through rules for specific benefit types and the fallout when a plan fails.
Is a SIMPLE IRA Pre or Post-Tax? Roth Option and Withdrawals
Learn how a SIMPLE IRA is taxed, from whether contributions are pre-tax or post-tax to the Roth option, withdrawal rules, and required distributions.
Delivery Driver Mileage Deduction: Rate, Methods, Schedule C
Learn how the delivery driver mileage deduction works for gig workers, from qualifying miles through calculation methods and filing on Schedule C.
LLC Financial Statements: The Four Reports, Methods, and Form 1065
Learn how LLC financial statements come together, from the core reports and accounting choices to their role in tax filings, member disclosures, and outside review.
IRS Form 8308: Section 751 Hot Assets and Filing Penalties
Learn how IRS Form 8308 works when a partnership interest changes hands, from hot asset rules and filing steps to partner notices and penalties for missteps.
Donate Cemetery Plots to Veterans: Transfer Steps and Tax Deduction
Learn how to donate a cemetery plot to veterans, from lining up a nonprofit recipient through transferring the deed and claiming a charitable deduction.
Absorption Accounting: Definition, Formula, and IRS Rules
Learn how absorption accounting works, from allocating overhead into product costs to the profit distortions it creates and IRS rules on its use.
What Is ASC 920? Licensed Programming, Revenue, and Barter Rules
Learn how ASC 920 shapes broadcaster accounting for licensed programming, from capitalizing and amortizing content to revenue, barter, and disclosure.
What Happens If You Overpaid Your Federal Taxes?
Learn what happens if you overpaid your federal taxes, from getting the money back or applying it forward to handling offsets, corrections, and delays.