What Is the Modified Approach for Infrastructure Assets?
Learn how the modified approach for infrastructure assets works, from eligibility and condition reporting to preservation costs and whether to elect it.
Do You Pay Taxes on Overtime? Deduction, FICA, and W-4
Learn how taxes on overtime work, from how extra hours affect your paycheck and the new federal deduction to withholding tweaks that settle your bill.
What Home Selling Expenses Are Tax Deductible?
Learn how home selling expenses affect your taxes, from costs that lower your gain and raise your basis to items that aren't deductible and recordkeeping.
What Is a Personal Holding Company: PHC Tests, Tax, and Avoidance
Learn how the personal holding company tax works, from the tests and exceptions that decide who owes it to the strategies that keep it from ever applying.
Are OTC Medications Tax Deductible? Prescriptions, AGI Floor, and HSAs
Learn when OTC medications may be tax deductible, from prescription and income-threshold rules to pre-tax account options and the records to keep.
IRS Publication 509: Tax Calendars, Due Dates, and Deadline Rules
Learn how IRS Publication 509 maps the federal tax calendar, from individual and business deadlines through employer duties and the rules for missed dates.
Do You Pay Income Tax on Social Security Disability?
Learn how income tax on Social Security disability works, from when benefits become taxable through reporting, back pay, and paying what you owe.
Husband-Wife Single-Member LLC: Community Property and Filing Rules
Learn how a husband and wife single-member LLC works, from community property rules and filing options to material participation and S-corp alternatives.
Why Did My Federal Withholding Decrease? Tax Tables and W-4
Learn why your federal withholding may have decreased, from updated IRS tax tables and W-4 changes to pre-tax contributions, pay shifts, and life events.
How to Record Employee Advances on a Balance Sheet
Learn how to record employee advances on a balance sheet, from the initial entry and repayment through tax rules and writing off uncollectible amounts.