Partnership Termination: Final 1065, Hot Assets, and EIN Closure
Learn how partnership termination tax consequences unfold, from the final return and partner distributions to individual reporting and closing the EIN.
Does the IRS Forgive Tax Debt After 10 Years?
Learn how the IRS 10-year rule on tax debt works, from when the clock starts and what can pause it to when the government can collect beyond it.
Nonprofit Lodge System: 501(c)(8) and 501(c)(10)
Learn how the nonprofit lodge system qualifies for federal tax exemption, from IRS structural requirements through deductibility, taxable income, and filings.
US Savings Bonds Series E: Value, Redemption, and Taxes
Learn how to cash Series E savings bonds, from checking their value and redeeming through a bank or TreasuryDirect to taxes, inheritance, and lost bonds.
Tax Indemnity Clauses: Scope, Caps, and Claim Process
Learn how a tax indemnity clause works in an acquisition, from scope and limits through the claim process and ensuring the money is actually there.
IRS Insufficient Funds Penalty: Cost, Relief, and Prevention
Learn how the IRS insufficient funds penalty works, from its cost and added charges through requesting relief and avoiding another bounced payment.
EFTPS Due Dates: Monthly, Semiweekly, and the 8 PM Cutoff
Learn how EFTPS due dates work for payroll tax deposits, from monthly and semi-weekly schedules to scheduling cutoffs, same-day wires, and late penalties.
Charitable Endowments: Legal Requirements, Spending, and Tax Rules
Learn how charitable endowment legal requirements and tax rules work, from creation and investment to spending, modifications, and federal reporting.
Form 1040 Line 2b: Taxable Interest, Schedule B, and Adjustments
Learn how taxable interest reporting on Form 1040 works now that Line 8b is Line 2b, from what to include through key adjustments and wider tax impacts.
LLC Tax Classification: Options, Elections, and Changes
Learn how LLC tax classification works, from default treatment and available elections to changing your status later and how state rules line up.