Circular 230 Contingent Fees: Rule, Exceptions, and Penalties
Learn how Circular 230 contingent fees work, from the general prohibition and narrow exceptions to who's covered and the penalties for violations.
What Is Alimony Recapture and How Does It Work?
Learn how alimony recapture works under pre-2019 divorce agreements, from who the rule still covers to calculating the clawback and structuring payments around it.
Are Earnouts Taxed as Capital Gains or Ordinary Income?
Learn how earnouts are taxed as capital gains or ordinary income, from deal structure and reporting to interest, non-competes, and estimated taxes.
Do I Need an EIN If I Have No Employees? SSN Use, LLCs, and Triggers
Learn whether you need an EIN if you have no employees, from SSN use and structures that require one to activities and changes that trigger a new number.
What Is Box 40 on Your T4? Taxable Benefits and Filing Tips
Learn how Box 40 on your T4 works in Canada, from the taxable benefits it captures and why totals can surprise you to filing correctly and fixing errors.
Disbursements Accounting: Journal Entries, Controls, and 1099s
Learn how disbursements accounting works, from recording payments and internal controls to contractor 1099s, reconciliations, and recordkeeping.
What Is Box 10 on Form 1098: Escrow Taxes, Insurance, and SALT
Learn what Box 10 on Form 1098 typically reports, from escrow-paid taxes and insurance to how each piece factors into your Schedule A deductions under the SALT cap.
Lobbying Expenses: Tax Deductibility Rules and Exceptions
Learn when lobbying expenses are tax deductible, from the general disallowance and its exceptions to allocation, reporting, and recordkeeping on the return.
Useful Life vs Economic Life: Depreciation, Leases, and Impairment
Learn how useful life vs economic life shape asset accounting, from depreciation and impairment testing to lease classification and replacement decisions.
Where Do Dividends Declared Go on a Balance Sheet?
Learn where dividends declared go on a balance sheet, from the entries at declaration and payment to how non-cash and preferred forms shift things.