Service Auditor Reports: SOC Types, Reading, and Audit Use
Learn how service auditor reports work, from picking the right report type through reading the findings and applying the results in your own audit.
Chart of Accounts: Numbering, Account Types, and Records
Learn how a chart of accounts is structured, from account numbering and the five main categories to how balances reset and the records that support them.
Foreign Situs Trust: Taxation, Reporting Forms, and Penalties
Learn how foreign situs trust taxation works, from grantor and non-grantor rules through funding and estate concerns to reporting duties and penalties.
IRS Inherited IRA Rules: 10-Year Rule, RMDs, and Taxes
Learn how inherited IRA rules work for spouses and other beneficiaries, from initial choices and withdrawal timelines to taxes and missed distributions.
When Is Employee Salary Considered a Capital Item?
Learn when employee salary is considered a capital item, from self-built assets and production to software and research, and what missteps can cost you.
Form 8938 Filing Requirements: Thresholds, FBAR, and Penalties
Learn how Form 8938 filing requirements work, from who must report foreign assets to how it compares with FBAR and the penalties for missed filings.
US Citizen Selling Inherited Property in India: Tax and Repatriation
Learn how a US citizen selling inherited property in India navigates taxes in both countries, moving funds across borders, and the required IRS filings.
Section 179 Vehicle in Personal Name: Entity Rules and Deduction Limits
Learn how claiming Section 179 on a vehicle in your personal name works, from entity structure and use thresholds to deduction caps and recapture.
Are Seller Closing Costs Tax Deductible: Primary Home vs. Rental
Learn how seller closing costs are treated at tax time, from the difference between primary homes and rentals to reporting the sale and keeping the right records.
What Is a Bargain Buy? Measurement, Recognition, and Tax Treatment
Learn how bargain purchase accounting works under U.S. GAAP, from calculating and recognizing the gain to tax treatment and disclosure requirements.