What Is Spin-Off Accounting? Journal Entries, Section 355, and Form 8937
Learn how spin-off accounting works under U.S. GAAP, from carrying-value entries through carve-out financials, tax structuring, and shareholder reporting.
Do You Owe Taxes When You Sell Inherited Property?
Learn how taxes on selling inherited property work, from figuring your basis and gain through special rules for rentals, spouses, and reporting the sale.
Credit Card Receivables: Accounting, Securitization, and CARD Act Rules
Learn how credit card receivables work on issuers' books, from accounting and reserves through securitization and the consumer and tax rules that apply.
IRS Section 1035 Exchange: Same-Insured Rule, Boot, and Partials
Learn how 1035 exchange rules govern tax-free swaps of life insurance and annuity contracts, from eligibility and transfers to boot and partial exchanges.
Working Interest in Oil and Gas: Taxes, Liability, and Recapture
Learn how working interest in oil and gas taxes and liability work, from drilling deductions and loss rules to entity choices, recapture, and well cleanup.
What Is the IRC 962 Election: Filing, GILTI, and PTEP
Learn how the Section 962 election works for individual CFC shareholders, from eligibility and filing through later distributions and state complications.
Change in Reporting Entity: Scope, Restatement, and Disclosures
Learn how a change in reporting entity is handled under US GAAP, from what qualifies and retrospective restatement to required disclosures and SEC rules.
Where to Find Untaxed Income on Your Tax Return
Learn where to find untaxed income on your tax return, from main form lines and W-2 entries through Schedule 1 adjustments and supporting exclusion forms.
Does Gross Sales Include Sales Tax? Revenue Reporting and 1099-K Issues
Learn whether gross sales includes sales tax, from how collected tax is booked and reported to the 1099-K mismatches and liability risks that can follow.
Citizenship-Based Taxation: Countries, FBAR/FATCA, and Exit Tax
Learn how citizenship-based taxation works for Americans abroad, from reporting and filing duties to reducing the bill or leaving the system entirely.