What Is a 415? Defined Contribution and Benefit Limits
Learn how Section 415 limits govern qualified retirement plans, from contribution and benefit ceilings to employer aggregation and correcting excesses.
How Much Can a Self-Employed Person Contribute to an IRA?
Learn how much a self-employed person can contribute to an IRA, from standard limits and income rules to business-owner plans, deadlines, and overcontributions.
Revocation of Election Form: S Corp, QSub, and 179 Rules
Learn how a revocation of election form works across tax elections, from S corp status and entity classification to expensing and accounting methods.
Section 421 Statutory Stock Options: ISOs, ESPPs, and AMT
Learn how Section 421 statutory stock options are taxed, from qualifying rules and holding periods through AMT exposure, disqualifying sales, and reporting.
1099-MISC vs. 1099-NEC: Filing Rules, Deadlines, and Penalties
Learn how 1099-MISC vs 1099-NEC reporting works, from sorting payments onto the right form to filing deadlines, recipient tax impact, and fixing mistakes.
Taxes on $48,000 Income: Brackets, Credits, and Withholding
Learn how taxes on a $48,000 income work, from federal brackets and payroll withholding to the filing statuses, credits, and state rules that shape the final bill.
What Is a Pension Adjustment and How Does It Affect RRSP?
Learn how a pension adjustment interacts with your RRSP contribution room, from how it's calculated and reported to reversals and retroactive changes.
Covenant Not to Compete Tax Treatment: Buyer, Seller, Form 8594
Learn how covenant not to compete tax treatment works in a business sale, from the buyer and seller sides to purchase price allocation and IRS reporting.
When to Use Percentage of Completion vs. Completed Contract?
Learn how the percentage of completion vs completed contract method works for long-term contracts, from eligibility and tax timing to changing methods.
Noncash Liquidation Distribution: Corporate and Shareholder Tax Rules
Learn how noncash liquidation distribution tax consequences play out for both the corporation and its shareholders, from gain and loss treatment to filings.