Expenditures That Cannot Be Recovered: Accounting and Tax Treatment
Learn how expenditures that cannot be recovered are treated by a business, from financial reporting and tax deductibility to their role in future decisions.
How a Forfeited Real Estate Deposit Is Treated for Taxes
Learn how forfeited real estate deposit tax treatment works for sellers and buyers, from taxable gain classification to loss deductibility and reporting.
Foreign Life Insurance Tax and Reporting Requirements
Learn how foreign life insurance tax works for US policyholders, from annual income treatment and PFIC rules to reporting duties and late filings.
Dual Listing: Requirements, Annual Costs, and Investor Taxes
Learn how a dual listing works, from the structures companies use and the regulatory load in two markets to annual costs and shareholder tax effects.
What Type of Business Is an LLC Considered for Taxes?
Learn what type of business an LLC is for taxes, from default rules for single and multi-owner setups to corporate elections and changing classification.
Does Employer 401k Match Show on Your W-2? Box 12 and Box 14
Learn how an employer 401(k) match shows on your W-2, from why it's usually left off the wage boxes to Roth exceptions and where to find the total.
ASC 730 R&D Accounting: Expensing, Exceptions, and Disclosures
Learn how ASC 730 R&D accounting works, from the expensing rule and its narrow exceptions to the cost categories and disclosures companies must report.
Can K-1 Losses Be Carried Forward? Limits and Release Triggers
Learn how K-1 losses can be carried forward, from the federal limits that suspend them to the events that release them and tracking what carries over.
Cash in Lieu of Shares: IRS Treatment, Reporting, and Cost Basis
Learn how cash in lieu of shares tax treatment works, from the events that trigger the payment to reporting it correctly and fixing cost basis issues.
What Is a Draw Account: Recoverable Draws, Taxes, and Wage Rules
Learn how a draw account works in commission-based jobs, from the different types of advances and wage protections to tax treatment and leaving with a balance owed.