IRS Form 8997: Who Files, Required Parts, and Penalties
Learn how IRS Form 8997 works for Qualified Opportunity Fund investors, from annual reporting duties through recognition events and compliance penalties.
Best State to Start a Business for Tax Purposes: Top 6 States Compared
Learn how to pick the best state to start a business for tax purposes, from entity and income tax trade-offs to multi-state selling and annual compliance.
Accounting Losses: Types, Impairment, and Tax Treatment
Learn how accounting losses work under GAAP, from classification and write-downs through impairments to financial statement placement and tax treatment.
Corporate Spinoff Tax Rules: Section 355 and Cost Basis Split
Learn how corporate spinoff tax rules work for shareholders, from qualifying for tax-free treatment to splitting cost basis and other tax complications.
How Does Amazon Tax Work for Buyers and Sellers?
Learn how Amazon tax works for buyers and sellers, from sales tax at checkout to income reporting, self-employment duties, and international sales.
What Happens When You File Form 8919: Employer and SS Record
Learn how filing Form 8919 changes your return, from qualifying as a misclassified employee to effects on Social Security and your former employer.
Audit Tests of Controls: Techniques, Sampling, and Documentation
Learn how audit tests of controls work, from the techniques and sampling auditors rely on to how failures and findings shape the rest of the engagement.
Can I Claim My 30-Year-Old Son as a Dependent?
Learn how claiming your 30-year-old son as a dependent works, from eligibility tests and shared-support rules to the tax benefit and filing details.
Can a Cash Basis Taxpayer Have Inventory? Thresholds and Methods
Learn how a cash basis taxpayer can have inventory, from qualifying under small-business thresholds to tracking stock and switching accounting methods.
What Is Business Nexus? Physical, Economic, and Income Tax Rules
Learn how business tax nexus works across states, from physical and economic triggers through income tax rules to ongoing compliance and past exposure.