Form 8855: Election to Treat a Revocable Trust as an Estate
Learn how Form 8855 lets an executor and trustee treat a revocable trust as part of the estate, from the reasons to elect through filing and how it ends.
What Is a Memorial Fund? Legal Structures, Taxes, and 501(c)(3) Rules
Learn how a memorial fund works, from choosing a legal structure and handling tax questions for donors and recipients to running or closing the fund.
Does Employer Match Count Toward Your SIMPLE IRA Limit?
Learn whether employer match counts toward your SIMPLE IRA limit, from separate deferral and employer buckets to catch-ups and multi-employer rules.
What Are Sundry Expenses? Definition, Examples, and Recordkeeping
Learn how sundry expenses work in small business bookkeeping, from what qualifies and where they land in your books to recordkeeping and when to move on.
What Is an FBO Account: How It Works, Uses, and Taxes
Learn how FBO accounts operate, from custodial and rollover setups to payment escrow arrangements, and how taxes, insurance, and succession work.
Can You Write Off a Car Over 6,000 Pounds for Business?
Learn how writing off a vehicle over 6,000 pounds for business works, from the available deductions and eligibility to recordkeeping, resale, and EV rules.
Form 1094-B: Filing Requirements, E-Filing, and Penalties
Learn how Form 1094-B works for non-ALE providers of minimum essential coverage, from filing and submission through corrections and penalties for mistakes.
Company-Owned Life Insurance: Notice, Form 8925, and Exclusion Rules
Learn how company-owned life insurance tax rules work, from setup and annual filings through protecting the exclusion to loans and deferred comp exposure.
Inventory Write-Down Rules: GAAP, IFRS, and Tax Treatment
Learn how inventory write-downs work under GAAP and IFRS, from measuring and recording the loss to tax treatment, reversals, and supporting documentation.
Do Stipends Get a 1099 for Tax Purposes? 1099-NEC vs. W-2
Learn how stipends get a 1099, from non-employee reporting and employee wages to scholarship awards and what you owe when no tax form is issued.