What Are Commitments and Contingencies in Accounting?
Learn how commitments and contingencies in accounting are recognized and disclosed, from probability levels and accruals to footnotes and GAAP versus IFRS.
IRA Audit Triggers, Penalties, and How to Prepare
Learn how an IRA audit unfolds, from what triggers IRS scrutiny through penalties, documentation, and options for challenging or fixing problems.
Is a GST Trust Revocable or Irrevocable? Exemption and Structure
Learn why a GST trust must be irrevocable, from allocating the exemption and spousal issues to the drafting choices that keep the benefit intact.
Can I Claim a New Roof on My Taxes: Depreciation, Casualty, and Credits
Learn how you can claim a new roof on your taxes across primary homes, rentals, and commercial buildings, plus what happens after storm damage or a sale.
Intercompany Definition: Consolidation, Transfer Pricing & Penalties
Learn how intercompany transactions work, from consolidation and transfer pricing rules through documentation, penalties, and resolving double taxation.
Are Wheelchair Ramps Tax Deductible for Home or Business?
Learn how wheelchair ramps can be tax deductible, from medical expense rules at home to the credits and deductions available for businesses and rentals.
IRS Double Charged Me: Confirm, Call, and Claim Your Refund
Learn what to do when the IRS double charged you, from confirming the duplicate and contacting the agency to recovering your refund or escalating the case.
What Is Civil Tax Fraud? The 75% Penalty and IRS Proof
Learn how the IRS handles civil tax fraud, from separating fraud from honest error to how the penalty is proved, challenged, and shared between spouses.
How Does Gift Aid Work: Declarations, 25% Top-Up, and Higher Rate Relief
Learn how Gift Aid works on UK donations, from valid declarations and qualifying gifts through the extra relief available to higher rate taxpayers.
Do I Have to Report IHSS Income to the IRS?
Learn how reporting IHSS income to the IRS works for live-in and non-live-in caregivers, from handling W-2s and 1099s to credits, FICA, and amendments.