Discrete Tax Items: ASC 740 Examples and Disclosures
Learn how discrete tax items affect ASC 740 provisions, from the events that trigger them to how they appear in filings and shape effective tax rates.
S Corp Health Insurance Deduction: 2% Shareholder W-2 Rules
Learn how the S corp health insurance deduction for 2% shareholders works, from corporate payment and W-2 reporting to your personal return and key limits.
How to Claim a Tax Treaty Withholding Exemption: Forms and Filing
Learn how to claim a tax treaty withholding exemption on U.S. source income, from qualifying and choosing the right form to filing, renewals, and refunds.
What Is a Marital Trust and How Does It Work?
Learn how a marital trust works, from supporting a surviving spouse and deferring estate tax to pairing with other planning tools and trustee duties.
What Does a REMIC Do? Interests, Cash Flow, and Tax Treatment
Learn what a REMIC does, from the interests it issues and how mortgage cash flows to investors through its tax treatment, operating limits, and eventual wind-down.
What Is a Section 423 Employee Stock Purchase Plan?
Learn how a Section 423 employee stock purchase plan works, from enrolling and buying discounted shares to the tax rules at sale and leaving the company.
Defined Benefit Plan for Self-Employed: Contributions and Setup
Learn how a defined benefit plan for the self-employed works, from deciding if it fits and setting contributions to annual compliance and eventual payout.
Forgivable Loan Meaning: How It Works, Conditions, and Taxes
Learn how forgivable loans work, from the programs and conditions that trigger cancellation to the tax and credit consequences borrowers should expect.
What Is a Non-PO Invoice? Approval, Fraud Risks, and Tax Reporting
Learn how non-PO invoices work in corporate accounts payable, from when they're used and how they get approved to the fraud controls and tax reporting they trigger.
Family Foundation Tax Benefits: Deductions, Payout, and Rules
Learn how family foundation tax benefits work, from the deductions and estate advantages to the operating rules and disclosures that keep them intact.