Partnership Balance Sheet: Capital Accounts and Tax Basis
Learn how a partnership balance sheet works, from assets and partner capital accounts through tax basis rules to filing it on the partnership return.
263A Small Business Exception: Gross Receipts Test and Election
Learn how the 263A small business exception works, from the gross receipts test and its UNICAP relief to electing and maintaining eligibility.
How to Claim the Foreign Exchange Student Tax Deduction
Learn how the foreign exchange student tax deduction works, from qualifying programs and eligible expenses to filing rules and whether itemizing pays off.
How Is FSA Deducted From Your Paycheck: Pre-Tax Rules and 2026 Limits
Learn how an FSA is deducted from your paycheck, from the pre-tax mechanics and annual contribution limits to spending rules and mid-year job changes.
Are USDA Grants Taxable? Exclusions, Reporting, and Penalties
Learn how USDA grants are taxed, from general income rules and available exclusions to reporting requirements and penalties for underreporting.
Endowment Accounting for Nonprofits: Classification and Disclosures
Learn how endowment accounting for nonprofits works, from classifying donor and board restrictions to handling returns, spending, and disclosures.
Clothes Donation Tax Deduction: Value, Documentation, and Limits
Learn how the clothing donation tax deduction works, from qualifying charities and valuing used items to documentation, filing, and the limits involved.
What Is a Payer’s TIN Number on a 1099 Form?
Learn how the payer's TIN on a 1099 works, from where to find it on the form to why it matters for your return and what to do if it's missing or wrong.
Are Custodial Accounts Taxable? Kiddie Tax Tiers and Filing
Learn how custodial accounts are taxed, from the kiddie tax tiers and filing options to capital gains rules and ways to keep the annual bill low.
What Is FITWH Tax? Federal Withholding Explained
Learn how FITWH tax works, from how employers calculate withholding and W-4 changes to reconciling at tax time and avoiding underpayment penalties.