What Are the AICPA Standards for Consulting Services?
Learn how AICPA standards for consulting services shape an engagement, from defining scope and safeguarding objectivity to fees and audit-client concerns.
Capital Repairs: IRS Tests, Safe Harbors, and Depreciation
Learn how the capital repairs IRS rules work, from separating deductible fixes from improvements to safe harbors and cost recovery through depreciation.
How Fund Turnover Affects Taxes and Capital Gains
Learn how fund turnover affects taxes, from the way frequent trading shifts gains and distributions to its impact on dividends and ways to reduce the hit.
Are Employee Business Expenses Tax Deductible? Exceptions and Rules
Learn how the rules on whether employee business expenses are tax deductible work, from federal exceptions and state treatment to self-employment options.
IRS Form 1722: What It Is and How to Get a Transcript
Learn what IRS Form 1722 really refers to and how to request the tax return transcript that replaces it, from online access to phone and mail options.
Do You Have to Pay Estimated Taxes on Capital Gains?
Learn how estimated taxes on capital gains work, from calculating what you owe and meeting quarterly deadlines to underpayments and state obligations.
IRC 531 Accumulated Earnings Tax: Bardahl Formula, 20% Tax, and Credit
Learn how the accumulated earnings tax applies to C corporations, from exposure and the reasonable-needs test to how the tax is figured and audited.
Closing an EIN: Final Filings and the IRS Closure Letter
Learn how to close an EIN with the IRS, from wrapping up final returns and payroll obligations to sending the closure letter and keeping records afterward.
How to Issue a 1099: W-9, Filing, and Penalties
Learn how to issue a 1099 to a contractor, from confirming who needs one and collecting a W-9 through filing with the IRS, corrections, and penalties.
How to Capitalize an Asset: Thresholds, Safe Harbors, and Depreciation
Learn how to capitalize an asset, from setting thresholds and calculating the cost basis to depreciating, amortizing, and eventually disposing of it.