CFC Liquidation: Section 332, 245A, and Reporting Rules
Learn how CFC liquidation tax consequences work, from the deemed dividend and common offsets to currency issues, exceptions, and required reporting.
What Is Form 8867? Due Diligence for Tax Preparers
Learn how Form 8867 governs paid preparer due diligence, from when the checklist applies through recordkeeping duties and penalties for falling short.
How to Report a Cash-Only Business to the IRS: Forms 3949-A and 211
Learn how to report a cash-only business to the IRS, from gathering evidence and filing the right form to whistleblower awards and other agencies.
How Is Withdrawing From a Brokerage Account Taxed?
Learn how withdrawing from a brokerage account is taxed, from what triggers a taxable event to calculating gains, reducing what you owe, and reporting.
Property Taxes on Mobile Homes: Real vs. Personal, Exemptions, Appeals
Learn how property taxes on mobile homes work, from the real-versus-personal classification to calculating bills, claiming exemptions, and filing appeals.
Section 121 Exclusion Rules After the Death of a Spouse
Learn how the Section 121 exclusion works after a spouse's death, from timing and eligibility rules through basis adjustments and reporting the sale.
LTD Paycheck Deduction: Pre-Tax vs. Post-Tax Benefits and FICA
Learn how pre-tax vs post-tax LTD paycheck deductions work, from spotting your election to how premiums shape benefit taxes and payroll withholding.
Form 3115 Depreciation Example: Section 481(a) Formula and Filing
Learn how a Form 3115 depreciation example works, from gathering the inputs and running the catch-up calculation to reporting it and when it doesn't apply.
Do S-Corp Capital Contributions Need to Be Equal?
Learn whether S-corp capital contributions need to be equal, from effects on tax basis and shareholder distributions to loans and proper documentation.
IRC 414(h) Pick-Up Contributions: W-2, State Tax, and Withdrawals
Learn how IRC 414(h) pick-up contributions work for government employees, from paycheck and W-2 treatment through state tax rules and later withdrawals.