Are Unrealized Gains and Losses Reported on the Income Statement?
Learn how unrealized gains and losses are reported on the income statement, from those flowing through net income to those held in equity until realized.
Generator Depreciation Life: Recovery Periods, Bonus, and Section 179
Learn how generator depreciation life works for businesses and rentals, from recovery periods and first-year write-offs through resale and state tax rules.
How to Get a W-2G Copy from the IRS: Payer, Transcripts, Form 4506-T
Learn how to get a copy of a W-2G, from requesting a reprint from the payer to pulling IRS transcripts and handling a missing form at filing time.
What Are Dependent Personal Services in Tax Treaties?
Learn how dependent personal services are taxed across borders, from the treaty exemption conditions and contractor rules to filing and state treatment.
What Is the Monetary Unit Assumption in Accounting?
Learn how the monetary unit assumption in accounting works, from historical cost and inflation effects to multiple currencies and when GAAP sets it aside.
Form 1065 Balance Sheet: Schedule L, M-1, M-2 Requirements
Learn how Form 1065 Schedule L works, from partnership balance sheet reporting and book-to-tax reconciliation to capital accounts and filing corrections.
PEO Tax Implications: Liability, CPEO Status, and State Taxes
Learn how PEO tax implications play out for your business, from federal payroll liability and CPEO status to state taxes, credits, and ACA obligations.
Is Whatnot Tax Exempt? Income, Self-Employment, and Sales Tax
Learn whether Whatnot is tax exempt for sellers, from income and self-employment obligations through deductions, sales tax handling, and recordkeeping.
How Does a Widow File Taxes: Filing Status and Final Return
Learn how a widow files taxes, from filing status in the year of death through the surviving spouse years, the final joint return, and key planning moves after.
Signage Depreciation Life: 7-Year, 15-Year, and Section 179 Rules
Learn how signage depreciation life works, from recovery periods and cost basis rules to expensing alternatives and special situations like leased spaces.