What Is Unrecognized Gain? Deferral, Basis, and Reporting
Learn how unrecognized gain works, from the transactions that allow deferral through basis adjustments, later taxation, and reporting requirements.
Material Overhead: Definition, Formula, and Section 263A Rules
Learn how material overhead works, from building the cost pool and setting an allocation rate to applying it to jobs and handling variances and taxes.
Is a Lump Sum Death Benefit Taxable Income?
Learn when a lump sum death benefit is taxable, from life insurance and inherited retirement accounts to employer, government, and estate-related payouts.
Capital Contribution in Real Estate: Basis, Taxes, and Capital Calls
Learn how a capital contribution in real estate shapes your ownership, from tax basis and partnership rules to capital calls and investor protections.
How FSA Carryover Works: Limits, Grace Periods, and HSA Impact
Learn how FSA carryover rules work, from rolling over unused funds and how they interact with grace periods to their impact on HSA eligibility.
What Are Annual Receipts? IRS and SBA Calculation Rules
Learn how annual receipts work under IRS and SBA rules, from what counts toward the total to multi-year averaging and the cost of getting it wrong.
Do Coin Dealers Report Sales to the IRS: 1099-B and Cash Rules
Learn how coin dealers report sales to the IRS, from the bullion and cash triggers behind dealer filings to your own tax duties when nothing is reported.
Are Critical Illness Insurance Premiums Tax Deductible?
Learn whether critical illness insurance premiums are tax deductible, from individual and employer coverage to how payouts and health accounts factor in.
IRC 72(p) Loans: Limits, Repayment Rules, and Default Consequences
Learn how the 401(k) loan tax rules work under IRC 72(p), from borrowing limits and repayment terms to what happens if you default or leave your job.
1099-R Box 7 Code 2: Exceptions, Reporting, and Withholding
Learn how a 1099-R Box 7 Code 2 distribution works, from the early-withdrawal exceptions that trigger it through reporting, withholding, and fixing miscoding.